Office
Clarion Buys 408 KSF Office Portfolio in Boston’s Blossoming Seaport District for $129M
It’s been a busy couple of quarters for office transactions in Boston’s Seaport District and the change in ownership of the 408,000-square-foot Fort Point portfolio is among the latest.
Kilroy to Develop 587 KSF Silicon Valley Office Project for LinkedIn
Kilroy Realty has acquired a 12-acre parcel in Sunnyvale, Calif., where it will build a 587,000-square-foot office complex for popular professional network LinkedIn, under a 12-year leasing agreement and development deal worth $315 million.
Skanska Closes Land Purchase for 455 KSF Boston Office Project
Boston remains high on Skanska USA Commercial Development’s radar and the company has just made another move toward increasing its presence in the city.
How Does Obama’s Second-Term Win Affect CRE?
With an acrimonious and seemingly endless presidential campaign finally completed, CRE experts are watching to see how newly re-elected President Barack Obama and Congress deal with a host of financial issues impacting the real estate market, including the budget deficit, debt and spending, tax rates, capital gains taxes and job creation.
Savanna Completes Sale of Manhattan’s 104 West 40th St. for Reported $100M
Savanna, a New York-based real estate private equity and asset management firm, has completed the sale of 104 West 40th St., a 210,000-square-foot, 20-story Class A office building located next to Bryant Park in Midtown Manhattan, to Princeton International Properties.
Westcore Grabs 520 KSF Clorox HQ in Sale-Leaseback Deal
In a sale-leaseback transaction, Westcore Properties has acquired the headquarters building of The Clorox Co. in downtown Oakland, Calif.
Greenwich Group Outlines $1.5B Financing Strategy for DC’s The Wharf
Even with quite specific preferences regarding both the debt and the equity financing for The Wharf, in D.C., Greenwich Group International reportedly has numerous entities potentially interested in getting in on the $1.5 billion, 27-acre, 3.2 million-square-foot mixed-use riverfront development.
Culver City Creative Office Campus Development Breaks Ground
A new Culver City office campus officially broke ground recently when developer Hackman Capital Partners LLC kicked off the construction of its WorkScapes at the Hayden Tract facility. The project includes the renovation and conversion of three different industrial buildings, operation for which the company has also recently secured a senior loan from Deutsche Bank. The space will be turned into creative offices that would match current market standards for facilities in the Westside. Continue reading →
CalSTERS, GI Partners Fund Acquires San Diego Data Center
DataCore, a fund co-founded earlier this year by CalSTERS and GI Partners, has acquired a two-story data center and office building in a submarket of San Diego.
MetLife JV Acquires Constitution Center
Constitution Center, the largest privately owned office building in Washington, D.C., which recently completed a $250 million renovation, has been acquired by a joint venture between MetLife and an unidentified U.S.-based institutional investor.