Office
TMT Development Restarts Portland Tower After 5-Year Hiatus
The $175 million Park Avenue West Tower will incorporate residential, office and retail components and is pre-certified LEED Platinum.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.
Brookfield Multiplex Completes $137M Green Office Development in Melbourne
Global contractor Brookfield Multiplex just finished building 171 Collins St., the city’s first premium-grade commercial development in 20 years, for $137 million.
SunGard Appoints NGKF Global as CRE Advisor
NGKF will manage real estate transactions for all of SunGard AS’s facilities, including sales offices, operations centers and data center expansions in the United States and Canada, and will also provide global lease administration.
Southwark Council Approves Carlyle Group’s $1B M-U Project in London
Southwark Council’s Strategic Planning Committee approved The Carlyle Group’s plans to replace two facilities located on the south bank of the River Thames – the Sampson House data center and the Ludgate House office building – with 1.4 million square feet of residential and office space.
Grosvenor Buys 11 Office Buildings in Seattle Suburb for $167M
Grosvenor Americas acquired a group of 11 Class A office buildings in Bothell, Wash., a Seattle suburb, from owner/developer Schnitzer West for $167 million.
RFR to Give Manhattan’s 285 Madison a $65M Makeover
The 530,000-square-foot office tower is undergoing a $65 million repositioning that will convert the vacant property into a premier, state-of-the-art Midtown office destination that will add a little recreation to the workplace.
Ivanhoé Buys 51% Interest in NYC’s 1211 Avenue of the Americas
Ivanhoe Cambridge continues to expand its U.S. office holdings with the acquisition of the majority stake in 1211 Avenue of the Americas in Manhattan for $850 million.
Brandywine, Shooshan Co. JV to Develop 427 KSF Office Building in Arlington, Va.
Brandywine Realty Trust and an affiliate of The Shooshan Co. have formed a joint venture to build a 426,900-square-foot office building in Arlington’s Ballston submarket.
CREW Network Special Report: Gibson Advises on Capital Markets Performance
As the investment market continues to heat up, Mark Gibson has some advice: Carefully consider liquidity and how best to deploy your capital.