Office
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.
Google Unveils New London HQ in King’s Cross Redevelopment
Tech giant Google has marked the real estate market during the past years with high-profile leases and property acquisitions in cities like New York, London and Dublin, always putting its creative, alternative stamp on the office space it took over.
Gladstone Buys 320 KSF Class A Office Property in Austin
Gladstone Commercial Corp., a Virginia-based REIT, purchased 717 Parmer, a 320,000-square-foot, Class A office property from Karlin Real Estate.
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.
Woods Acquires 1.4 MSF Thanksgiving Tower in Dallas
A partnership led by Dallas-based Woods Capital Management acquired the Thanksgiving Tower, a 50-story office building, from Berkadia.
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.
Chevron to Build 1.7 MSF Houston High-Rise
With no end in sight to its growing staff, Chevron U.S.A. Inc. will add more than a little bit of elbowroom to its downtown Houston offices through the addition of a 1.7 million-square-foot tower.
$326M Perth Office Building Eyed by Investors
The Perth office market in Australia is getting hotter by the moment. Following Brookfield’s announcement to develop Brookfield Place Tower 2, Perth’s CBD is setting up for another significant deal.