News
JLL’s Dan Probst Wins Next-Gen Buildings Award
Jones Lang LaSalle has garnered a new claim to fame in the sustainable development arena. Its very own Dan Probst, the commercial real estate services firm’s chairman of energy and sustainability services, just became the recipient of the very first VERGE 25 Award in the category of Next-Gen Buildings.
Binswanger Arranges Sale of R.I. Industrial Facility
On behalf of Shamrock Associates L.L.C., Binswanger has brokered the sale of a single-story manufacturing building on 94 acres on Chase Hill Road in Ashaway, R.I.
Muss Signs FEMA to 200 KSF Lease for Sandy Regional HQ in Queens; IndCor Donates Space to Red Cross
FEMA has leased about 200,000 square feet at Forest Hills Tower in Queens to serve as its New York City headquarters while it helps residents and business owners in the region recover from Superstorm Sandy. At the same time, IndCor Properties donated 126,000 square feet of space to the American Red Cross, located near hard-hit areas.
Economy Watch: Retail Sales, For-Sale Housing Inventory Drop in October; FOMC Looking at Changes
U.S. retail sales declined 0.3 percent from September to October, according to the Census Bureau. For-sale housing inventory continues to decline. The Federal Open market Committee plans to implement some changes to the federal funds rate.
Tishman Lands 129 KSF Tenant at Boston’s One Federal Street
Tishman Speyer, owner of the 1.1 million-square-foot tower, just signed an agreement with Iron Mountain for the information storage and management company to occupy the space as its headquarters under an 11-year lease agreement.
$38.7M Storage Property Deal Closes in South Carolina
Strategic Storage Trust Inc. (SSTI) recently announced completing a three-phase acquisition of a 16-property storage portfolio.
Prudential Buys 220 KSF M-F High-Rise in DC
Holliday Fenoglio Fowler represented Federal Capital Partners in the sale of Allegro, a 297-unit, high-rise multi-housing community in Washington, D.C., to buyer Prudential Real Estate Investors, which acquired the asset on behalf of one of its client funds.
Last Hotel in Larkspur-Farallon Capital Portfolio Trades Hands in San Francisco
By Alex Girda, Associate Editor San Francisco’s hot hospitality market continues to heat up, as another hotel transaction joins an already packed roster of deals. It was recently reported that the last remaining property in the Larkspur portfolio was traded to a group of Canadian investors for a total of approximately $16.6 million. The Larkspur […]
Vornado Undergoes $950M Refinancing of Manhattan’s 1290 Avenue of the Americas
Just several months away from completing a redevelopment of 1290 Avenue of the Americas in Manhattan, Vornado Realty Trust and the partnership that owns the 2 million-square-foot, 43-story building have completed a $950 million refinancing of the property.
Mixed-Use Transit-Oriented Development Gets Green Light in Adams County
The Adams County Board of Commissioners recently unanimously approved the Clear Creek Transit Village—a mixed-use transit-oriented development project in Denver,