Office
Morgan Stanley Fund Grabs 50% of Boston Trophy Building
In a deal that was first reported by Bisnow, a Morgan Stanley real estate fund has acquired the Blackstone Group’s 50 percent share of One Post Office Square, a 40-story office building in Boston’s financial district, for a reported $550 million.
Manulife Launches SOM-Designed Office Project in Downtown Calgary
Manulife Real Estate is developing 707 Fifth St., an elliptical 27-story office tower slated to rise in the heart of downtown Calgary.
Skanska USA Develops Office Tower for PricewaterhouseCoopers in Boston’s Seaport Square
Skanska USA Commercial Development Inc. is investing $265 million in a 440,000-square-foot office building in the Seaport District of Boston that will be occupied primarily by PricewaterhouseCoopers.
Forest City Makes $214M in Dispositions
As part of its ongoing effort to focus on core properties in central markets, Forest City Enterprises has completed the sale of two properties for $214 million.
Chinese Developer Breaks Ground on World’s Tallest Building, Despite Skepticism Surrounding Project
One of the more puzzling high-profile development projects in recent years is reportedly still on track after China Broad Group held a groundbreaking event for its world’s tallest building plan.
$350M Phoenix-Area M-U Project to Combine Hotel, Office, Retail—Basketball?
A purpose-built entity of experienced players has been tapped as the developer of a $350 million mixed-use project on 10.5 acres of Arizona State University land adjacent to the school’s main campus in Tempe.
Cousins to Buy 2-Property Office Portfolio for $1B
Cousins Properties Inc. just struck a deal that will alter its standing in the real estate community. The REIT has entered into an agreement to shell out $1.1 billion in cash for the acquisition of two premier Texas office assets totaling 5.5 million square feet from Crescent Real Estate Holdings.
Eastdil Gets $100M in Financing for Meridian’s Purchase of 3 Class A Office Towers
Eastdil Secured arranged more than $100 million in financing for The Meridian Group’s acquisition of three Class A office towers owned by Science Applications International Corp. in the Northern Virginia submarket of Tysons Corner.
Parmenter Sells 214 KSF Suburban Atlanta Office Building
Eight years after acquiring Gwinnett Commerce Center, in Duluth, Ga., Parmenter Realty Partners has sold the 213,600-square-foot suburban Atlanta office building to a JV involving Biscayne Atlantic, Red Starr Investments and PointOne Holdings.
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.