Mid-Atlantic
Behringer, Wood Partners Kick Off $191M Suburban Boston M-F Project
Behringer Harvard and Wood Partners have commenced construction of 22 Water St., a luxury apartment community in Cambridge, Mass., just outside of downtown Boston.
Silverman Buys Third NJ Office, Rebrands Trio as Corporate Campus
Call it the opportunistic office park. Having just purchased the 133,000-square-foot office building at 106 Allen Road in Basking Ridge, N.J., The Silverman Group will now rebrand that building, and two adjacent ones it bought in the last few years, into The Offices at Liberty Corner, a 525,000-square-foot Class A corporate campus.
NewMarket Corp. Sells 311 KSF Office Building in Richmond, Va., for $144M
The world headquarters of paper, packaging and specialty chemical manufacturer MeadWestvaco, a nine-story trophy office building in Richmond, has been purchased by Select Income REIT for $144 million, excluding transaction costs.
C&W Wins WTC Site-Wide Property Management Contract
Cushman & Wakefield just landed one of the most coveted real estate assignments in Manhattan, if not the entire country. The commercial real estate services firm has been selected by the Port Authority of New York and New Jersey to serve as site-wide property manager for the new World Trade Center site under a seven-year contract.
ARC NYRR Grabs Manhattan Office Condo for $91M
American Realty Capital New York Recovery REIT has made another purchase this month, this time a three-story office condominium located at 50 Varick St. in the Tribeca neighborhood of Manhattan for $91 million.
$110M in Financing Closes for 214 KSF DC Office Property
The Washington Building, a 214,000-square-foot office destination in Washington, D.C., offers the elements lenders love, so CBRE Capital Markets had more than a few offers in the process of arranging $110 million financing for the Class A property on behalf of borrower Clarion Partners.
Bouri Joins UMS as Senior Partner, Managing Director
Veteran corporate executive and management consultant George Bouri has joined Arlington, Va.-based UMS Advisory as the real estate and facilities management consulting firm’s new senior partner & managing director.
C&W: Robust First Half Sets Stage for Strong 2013 in Manhattan
Leasing volume is up 11 percent year over year, average Class A asking rents top $75 per square foot in Midtown South and an average $178 million office sale price signals “the return of the mega-deal.”
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
ARC NYRR to Buy Office Building in Midtown Manhattan from SL Green for $220M
American Realty Capital New York Recovery REIT has agreed to acquire the office building at 333 W. 34th St. in Midtown Manhattan from SL Green Realty for $220 million, exclusive of closing costs.