Office
NYRR to Purchase 149 KSF NYC Office Tower for $65M
American Realty Capital New York Recovery REIT Inc. has been doing quite a bit of buying over the last couple of months and now it is on the verge of adding a fully leased Manhattan office property to its portfolio.
Cassidy Turley Secures $181M Permanent Financing for Trophy Office Building in DC
Cassidy Turley secured a $181 million permanent financing loan for Washington, D.C.’s newest trophy office development, 1000 Connecticut Ave., a 12-story, 382,988-square-foot building located in the city’s CBD overlooking the White House.
City of San Francisco to Complete 100K-square-foot Lease Agreement with Laurus
By Alex Girda, Associate Editor The Laurus Coporation is cashing in on one of its earlier San Francisco Bay Area investments. The company has recently announced it is negotiating a leasing agreement for a large chunk of space at its 1155 Market St. property. The L.A.-based investment company is currently holding talks with the City […]
Carothers Building in Cool Springs, Tenn., Sells for Cool $96M
The Lionstone Group, a real estate investment firm based in Houston, recently bought the Carothers Building in Cool Springs, Tenn., for $96 million.
Low-Turnover Tulsa Sees Major 960,000 KSF Office Sale
Investment activity is not precisely brisk in Tulsa, Okla., so the recent trade of Warren Place I & II, a 960,000-square-foot office complex, turned heads.
Vornado’s Sale of Philly Property Tied to Mall Redevelopment
Although Vornado is staying mum, and the chaos wrought by Hurricane Sandy didn’t help, the substance behind the REIT’s announcement earlier this week that it was selling four buildings is becoming clearer.
Sandy Hits CRE via Power Outages, Flooding
By Anna Spiewak, News Editor: Hurricane Sandy may have visited the tri-state area for only a span of one day, but the aftermath of damage cleanup will last for weeks, according to some.
JLL to Head Leasing for 201 KSF NJ Office Building
Accordia Realty Ventures tapped Jones Lang LaSalle to serve as the exclusive leasing agent for the Greenbrook Executive Center in Fairfield, N.J.
JLL Secures 811 KSF Office Lease for ExxonMobil Subsidiary in Calgary
Imperial Oil, one of Calgary’s largest corporations and an ExxonMobil subsidiary, is moving its headquarters from downtown Calgary to a 20-acre site that will be developed in the Quarry Park submarket in the Canadian city’s southeast section.
Cruzan|Monroe Nabs DiamondView Tower in San Diego for $121M
San Diego-based commercial real estate investor and developer Cruzan|Monroe, along with Cigna Investments Inc., have acquired DiamondView Tower, a 15-story 305,255-square-foot Class A office tower in San Diego for $121 million.