News
Former Legg Mason Tower in Baltimore Gets New 94,200-SF Tenant
Law firm Ober|Kaler has just committed to 94,000 square feet at Legg Mason’s onetime home at 100 Light Street, soaking up a noteworthy chunk of the available space at the 520,000-square-foot, Class A office tower.
Richards Barry Joyce Brokers 100,000 SF Lease Renewal for TA Associates
Commercial real estate advisory firm Richards Barry Joyce & Partners LLC said Tuesday that it represented TA Associates Realty in a 100,884 square-foot lease renewal with Dynagraf, Inc. in Canton, Mass.
JV’s $300M Development of 23 Canadian Travel Centers Underway
Bethesda, Md.-headquartered HMSHost Corp., alongside joint venture partner Toronto, Ont.-based Kilmer Van Nostrand Co. Ltd., is developing 23 travel and service centers along two busy Canadian highways for the Province of Ontario.
Economy Watch: SF Unveils Green Loans for RE
The city of San Francisco kicked off a program on Monday to offer loans to both residential and commercial property owners to do green retrofits of various kinds.
Hotel Impresario Ian Schrager Grabs Chicago’s Landmark Ambassador East Hotel, Plans Extensive Renovations for Property
Celebrated boutique hotel inventor Ian Schrager plans to leave his indelible mark on the Chicago hospitality market with his recent acquisition and planned renovation of the historic Ambassador East Hotel.
Angelo, Gordon Completes $18.1M Sale-Leaseback with Claire’s Stores
As part of a slate of distressed-asset transactions currently taking place in the market, alternative investment firm Angelo, Gordon & Co.’s net lease group has acquired the headquarters and sole North American distribution center of fashion retailer Claire’s Stores, Inc.
Economy Watch: Retailers Anticipating Growth?
There’s some indication, including the strong retail numbers in March, that the retail industry is emerging from its coma.
Killam Properties Teams with Kuwait Finance on $450M Canadian M-F JV
Reaching beyond North American borders, Halifax, N.S.-based Killam Properties Inc. has found a real estate investment partner with deep pockets.
First Potomac Lands Tenant for Entire 93,000-SF Suburban D.C. Office Building
Under a new 12-year agreement, Vocus will relocate its corporate headquarters to an entire building at First Potomac’s 313,000-square-foot Ammendale Business Park in Beltsville, Md.
Starwood Launches Major Expansion of Aloft, Four Points Brands in India
Having closed on two funds totaling $2.8 billion earlier this month, Starwood Hotels and Resorts Worldwide, Inc. is taking its full pockets on a passage to India.