Office
Related Cos.’ Hudson Yards Breaks Ground on 26-Acre Manhattan Site
After years in the planning stages, construction of New York City’s largest private development since Rockefeller Center finally got underway Tuesday as city officials joined leaders of Related Cos. and Oxford Properties Group at the groundbreaking of the 26-acre, mixed-use Hudson Yards project.
Macerich’s Tysons Tower Signs Intelsat to 188 KSF Lease
Macerich, owner and master-developer of McLean, Va.-based Tysons Corner Center, has signed satellite service provider Intelsat to a 15-year, 188,000-square-foot lease to serve as the future office tower’s anchor tenant.
Special Report: Finding a Framework for Future Global Cities
By 2030 it is likely that 60 percent of the world’s population will be living in an urban setting.
Paramount Sells 228 KSF Property in Times Square
After owning the Candler Tower for six years, Paramount Group sold the 228,000-square-foot office space in Times Square to Epic.
JV Plans $136M Redevelopment Project in Toronto’s Downtown West
RioCan Real Estate Investment Trust, Allied Properties Real Estate Investment Trust and Diamond Corp. have entered into an agreement to purchase the Globe & Mail Lands in Toronto for $136 million. The transaction is expected to close in mid-December 2012.
Dexus Property’s 1 Bligh St. in Sydney Recognized as World’s Most Innovative High-Rise
Deutsches Architekturmuseum, in association with DekaBank and Stadt Frankfurt am Main has awarded “The International High-rise Award 2012” to 1 Bligh St. in Sydney.
HFF Closes $107M Sale of Office Portfolio in Boston’s Seaport District
HFF has been involved with another multimillion-dollar deal in Boston’s Seaport District, an up-and-coming area along the South Boston waterfront, with the $107 million sale of a four-property portfolio to DivcoWest Properties.
Retail Properties of America Inc. Sells Aon Hewitt Property; Walgreens Opens Store in Restored Noel State Bank Building
Retail Properties of America Inc. has announced the sale of the Aon Hewitt Property. Located in Lincolnshire, Ill. at 4 Overlook Point, the 818,686-square-foot office property is fully leased to Aon Corporation. The six-story office building is situated around 31 miles north of Chicago and was sold for $148 million to an undisclosed buyer.
HFF Arranges JV Equity for M-F Development in Austin
HFF has arranged a joint venture between the Hanover Co. and an unnamed private investor to build a five-story multi-housing community on 3.44 acres in the city’s South Lamar neighborhood.
Retail Properties of America Sells Aon Hewitt Property in Ill. for $148M
Retail Properties of America has sold the Aon Hewitt property, an 818,686-square-foot office property in Lincolnshire, Ill., for $148 million to an unidentified buyer.