News
CBRE Trust Acquires 121 KSF Tampa Office Building
CB Richard Ellis Realty Trust has expanded its presence in Florida with the purchase of Sabal Pavilion, a 120,500-square-foot office building in Tampa.
New Hotel Becomes First in Texas to Receive LEED Gold Certification
By Camelia Bulea, Associate Editor
A 112-room Residence Inn by Marriott is currently under construction at the Mueller site, a redevelopment project at Austin’s former airport. Plans call for a four-story hotel building with 3,000 square feet of ground-floor retail space.
A […]
Jamestown, Rockwood Spend $390M for NYC’s 530 Fifth Ave.
Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.
Paramount Group Buys 12-Story, 207 KSF D.C. Office Building
The latest purchase in the D.C. market comes courtesy of Paramount Group Inc., on behalf of Paramount Group Real Estate Fund IV, which picked up the 12-story building at 2099 Pennsylvania Ave.
Novaya Takes 147 KSF of Tech Office Space in Massachusetts
Novaya Real Estate Ventures, not yet one month old, has begun to build its portfolio with the acquisition of two office/R&D buildings featuring an aggregate 146,700 square feet in suburban Boston.
Economy Watch: Home Prices Continue Their Slide
Despite rising property sales, most housing markets aren’t seeing rising prices. Consumer confidence, too, dropped by 3.7 points from December to January. But Wall Street saw a rare “golden cross” yesterday, which usually precedes bull markets.
Hines, JP Morgan Acquire Dallas' Plaza at Legacy Office Complex
Eight years after selling The Plaza at Legacy in Plano, Texas, Hines has welcomed the 215,000-square-foot office property back into its portfolio.
Clarion Grabs 187 KSF Washington State Retail Center
Capitalizing on what will likely be a strong year for retail, Clarion Partners has acquired a 187,000-square-foot shopping center in Covington, Wash., for $31 million.
Boston Marriott Long Wharf Completes $30 M Renovation
By Veronica Grecu, Associate Editor
After four years and a $30 million investment, Marriott Hotels & Resorts and Sunstone Hotel Investors announced last week the completion of a full property renovation project at the Boston Marriott Long Wharf located at 296 […]
IDI Buys 250 Acres in SW Atlanta, Plans 650,000-SF Industrial Facility
By Georgiana Mihaila, Associate Editor
IDI, a leading full-service industrial real estate company, has recently announced its purchase of 254 acres of land in the I-20 West submarket of Atlanta; the company’s immediate plan is to start construction on Building A, […]