News
DivcoWest, Stockbridge Capital JV on $47M San Diego Office
In a $47 million transaction, DivcoWest and Stockbridge Capital have teamed up to acquire the 160,000-square-foot Genessee Executive Plaza in the University Town Center submarket in San Diego.
Image Microsystems Develops 100,000SF Recycling Plant; KBS REIT Acquires Las Cimas IV
By Camelia Bulea, Associate Editor
The Palm Harbor facility in Kyle was recently bought by Image Microsystems Inc., which will develop a recycling plant in this manufacturing facility. The company bought the plant with the goal of recycling the e-waste plastic. […]
Suffolk Construction Awarded Contract for 488 KSF Boston Residential Tower
Suffolk Construction recently received the contract for the 27-story Kensington residential tower in Boston from the building’s owners and partners, Kensington Investment Co. and National Development.
Broadway Comes A-Knocking as City Sets Up Two Major Theatre Projects
By Alex Girda, Associate Editor It only took two moves for the city to become a haven for the arts. The city council has recently voted to the tune of Broadway notes when it gave an initial “thumbs up” to the Utah Performing Arts Center. The $110 million project is on its way to receiving […]
Holiday Retail Outlook Modestly Optimistic: Cushman & Wakefield
Two Cushman & Wakefield economists share their outlook for the holiday retail season, and, despite the best efforts of real estate strategy, it’s going to come down to one thing: consumer confidence.
Economy Watch: Conference Board Predicts Sluggish World Economy for a Decade, Berlusconi Out
The Conference Board released a big-picture report saying it’s going to be a long road ahead. Home prices in Las Vegas haven’t stopped dropping yet. And Italian PM Berlusconi will be out as soon as economic reforms are set.
Vornado’s Latest D.C. Deal to Support More Focused Strategy
Vornado Realty Trust has entered into an agreement to acquire Washington, D.C.’s Executive Tower, an 11-story, 130,000-square-foot Class A trophy office building in which it already owns a 2.5 percent stake.
Skanska Breaks Ground on Delayed 3009 Post Oak Blvd. High-Rise
By Georgiana Mihaila, Associate Editor
Skanska USA’s Commercial Development business unit has made an official statement earlier this week, announcing the immediate construction start of the anticipated Class A office building at 3009 Post Oak Blvd. People familiar with the Houston […]
106 KSF Office Lease Signed at NYC’s 452 Fifth Ave.
Law firm Baker & McKenzie has inked a 15-year deal at 452 Fifth Ave., occupying seven floors of the trophy tower owned by IDB Group, for 105,803 square feet of space.
Skanska Begins Construction on LEED Platinum, 302 KSF Houston Office
Skanska will immediately begin construction on a Class A office building in Houston’s Uptown submarket that will be a 20-story, 302,000-square-foot podium design designed to LEED Platinum specifications.