Office
Lowe JV Buys 2 Class A Office Buildings in Phoenix for $51M
Frequent partners Lowe Enterprises and J.P. Morgan Asset Management have joined forces on the acquisition of a two-building, 327,300-square-foot office portfolio in metropolitan Phoenix. The partnership acquired the Class A office properties from CJK Investments for an aggregate $51 million.
Skanska Takes On 3 New Projects Across Europe
One of the largest project development and construction groups Skanska has lined up three development projects across Europe – in Czech Republic, England and Sweden.
Harvest, LaSalle Acquire 233 KSF Office Tower in San Jose
Harvest Properties and LaSalle Investment Management have teamed to acquire 60 S. Market St., a 232,536-square-foot, 14-story Class A office tower located in Silicon Valley’s downtown San Jose, from Ares Management.
Citi Extends 2.6 MSF Lease Agreement at TriBeca Towers in NYC
An affiliate of Citigroup has signed an extension for its triple-net leases at 388 and 390 Greenwich St. in Manhattan’s TriBeCa neighborhood.
Rockrose Buys 150 KSF NYC Commercial Office Building for $105M
Rockrose Development Corp. has acquired 15 E. 26th St., a 150,000-square-foot boutique commercial office building located on Madison Square Park between Madison and Fifth avenues, from Savanna for $105 million.
Tishman Speyer Signs Largest Lease Transaction in Firm’s History with Banco do Brasil
In the largest lease in Tishman Speyer’s history, Banco do Brasil will be taking all 953,000 square feet of office space in the developer’s three-building Green Towers Brasilia project, now underway in Brazil’s capital.
Hines, Oaktree Acquire Maxis Office Park in Suburban London
International real estate firm Hines has partnered with a subsidiary of Oaktree Capital Management to acquire the Maxis office campus in Bracknell, Berkshire from administrators Grant Thornton.
Valeant Takes 310 KSF Lease for New HQ in Bridgewater, NJ
Multinational pharmaceutical company Valeant Pharmaceuticals International is consolidating its multiple locations by moving into its new U.S. headquarters at Somerset Corporate Center IV, located in central NJ.
CWCapital Sells 300 KSF Miami Office Property to Related for $104M
Four years after taking on the role of special servicer for a loan secured by the 302,300-square-foot office property at 444 Brickell in Miami, CWCapital Asset Management has sold the asset to Related Group for $104 million.
Equity Office Properties Sells 649 KSF Boston Suburb Office Park for $237M
The Blackstone Group’s Equity Office Properties affiliate has closed the sale, for $237 million, of Wellesley Office Park, a 649,184-square-foot office park in Wellesley, Mass.