News
Investors Plan Class A Office on Greyhound Site, Turn Century-Old Buildings into Condos
By Veronica Grecu, Associate Editor
First Potomac Realty Trust and Perseus Realty L.L.C. purchased the Greyhound Bus Terminal site at 1005 First St., N.E., in Washington, D.C., for approximately $46.8 million. The joint venture plans to develop 712,000 square feet of […]
SunTrust Building Lands GrayRobinson
By Georgiana Mihaila, Associate Editor
Law firm GrayRobinson has recently signed an 11-year lease with Jones Lang LaSalle Inc. for 38,864 square feet in Tampa’s iconic SunTrust Financial Centre. The full-service law firm currently has 240 attorneys in nine other offices […]
Lehman, Other Owners May Take Archstone Public
Lehman Brothers looks to be going ahead with a plan to either sell the massive apartment landlord and developer Archstone, or take the company public again.
Prewar Park Avenue Apartment Building Sells for $253M to Harry Macklowe
One of the more coveted addresses in New York City multi-family real estate has just moved off the books of the Katz 737 Corp. and into the hands of Harry Macklowe for a $253 million purchase price.
Tishman Speyer Lands 400 MSF Government-Office Tenant in Landmark Paris Deal
Tishman Speyer has just made a huge splash in the Paris office market with the closing of the biggest lease transaction in the City of Lights.
Economy Watch: The Wall-Street Roller Coaster Returns, Median Home Prices Drop, JOLT Doesn’t Jolt
The markets’ roller-coaster was back down on Wednesday, pretty much erasing Tuesday’s gains, which had mostly erased Monday’s losses. The median home price declined in the second quarter, and the JOLT numbers showed only a 0.1 percent increase in job openings.
HFF Engineers Sale, Acquisition Financing for 5-Property Houston Office Portfolio
HFF has wrapped up the disposition of the approximately 347,300-square-foot Westridge Realty Partners office-building portfolio in Houston.
Baker Barrios Selected for New 247-Unit Complex and Second Harvest Food Bank HQs
By Georgiana Mihaila, Associate Editor
Baker Barrios Architects prides itself with two major projects currently underway, as it was recently selected to design both a new 247-unit apartment community and a new headquarters for Second Harvest Food Bank.
Hawthorne, N.Y.-based GDC Properties […]
Wine Country Development Site Seeks Fresh Start; Rebound Seen for Downtown Seattle Condo Sales
By Alex Girda, Associate Editor
The site of a scuttled $200 million mixed-use development in the Woodinville wine district is heading for the auction block. Located on a 24-acre site at the intersection of Woodinville-Redmond Road and Highway 202, the project […]
UDR to Acquire Dwell95 Apartment Building in NYC for $325M
UDR Inc. has purchased the premier 507-unit multi-family building known as Dwell95 in Lower Manhattan from The Moinian Group for $325 million.