Office
Gallery: Adaptive Reuse
Developers are infusing new energy into adaptive reuse. This slideshow depicts examples of distinctive projects from around the country.
KBS Buys 200 KSF Office Building in Suburban Philadelphia for $63M
KBS Capital Advisors acquired the 205,400-square-foot 1000 Continental Drive in suburban Philadelphia property from private equity real estate fund manager Equus Capital Partners for $63 million.
Palmetto to Develop 4,500-Acre Medical Campus in SC; Phase One to Cost $135M
Palmetto Primary Care Physicians and Equity Inc. are developing a $135 million health and wellness campus in Summerville, S.C., featuring two 150,000-square-foot medical buildings.
Sunrise Medical Campus Sells 3-Building Property Near Tacoma
With the assistance of Jones Lang LaSalle’s Capital Markets Group, the ownership team of Sunrise Medical One and Sunrise Medical Two sold Clise Properties for $407 per square foot.
Elm Associates JV to Redevelop $171M M-U Skyscraper in Downtown Dallas
A stalled effort to redevelop 1401 Elm, a vacant 52-story, 1.5 million-square-foot downtown Dallas office building, into a mostly residential tower should move forward now, following the building’s purchase by a new joint venture.
KDC to Develop 2 MSF Transit-Oriented Project in Metro Atlanta
KDC is developing a 2.2 million-square-foot corporate office development on 17 acres in the Perimeter Center area of Dunwoody, Ga.
Harrison Street Awards C&W 1.5 MSF, $500M Med Office Portfolio
Harrison Street Real Estate Capital has chosen Cushman & Wakefield as the exclusive property management contract for its $500 million¸1.5 million-square-foot medical office portfolio.
Skanska to Build Research Center for University of Connecticut for $88M
Skanska USA has been tapped by the University of Connecticut to erect the educational institution’s new 115,000-square-foot Innovation Partnership Building research facility on the campus in Storrs, Conn.
CIM Group Acquires 7-Asset Portfolio from CW Capital
CIM Group has acquired a seven-asset portfolio headlined by Two California Plaza, a 52-story, Class A office building in downtown Los Angeles.
Senior Housing Properties to Buy 2 Biotech Buildings in Boston for $1.1B
Senior Housing Properties Trust has agreed to buy two 15-story biotech medical office buildings, which include a connected three-level, 740-stall, below-grade parking garage, located in Boston’s premier Seaport District for a purchase price of $1.1 billion.