Office
Olympic-Bundy Media Campus Trades Hands for $89 Million
By Alex Girda, Associate Editor The Olympic-Bundy Media Campus has been snapped up by Hudson Pacific Properties, Inc. according to a statement the company released via its official website. The company had hinted at this move earlier this year when … Continue reading →
Qualcomm to Expand Operations at Brier Creek
By Adriana Pop, Associate Editor San Diego-based Qualcomm is expanding its operations at Brier Creek Corporate Center in west Raleigh with the lease of 40,672 square feet of office space. John Daly and Jason High of CBRE-Raleigh represented the company in the negotiations. The Triangle Business Journal reports that Qualcomm had been pursuing the deal […]
Amazon to Expand HQ—Again
Vulcan Real Estate is developing a sixth phase of Amazon’s campus in Seattle’s South Lake Union submarket.
Washington, DC, Trophy Office Tower Trades for $121M
A notable Washington, D.C., office building was recently sold for $121.4 million. The office tower lies in the East End submarket of the national capitol.
Treat Towers in Walnut Creek Trade Hands
By Alex Girda, Associate Editor MetLife recently acquired Treat Towers in one of the largest office deals in the East Bay this year, trading for around $120 million. The property was bought from Chicago-based Equity Office Properties Trust, who co-owned the Treat Towers with a TIAA-CREF retirement fund. The twin 10-story office buildings offer around […]
TMG, Rockwood Sell San Francisco Office Projects to Boston Properties for $62M
TMG Partners and Rockwood Capital have sold a series of office buildings to Boston Properties for more than $62 million, including preferred units of limited partnership interest in the buyer’s company.
Three Denver Metro Office Buildings Sold; NexCore Group Completes Construction of St. Anthony North Medical Pavilion
By Gabriel Circiog, Associate Editor Three southeast Denver metro trophy-office buildings were recently sold, gathering a total of $120 million, reports the Denver Business Journal. The sellers in all three individual transactions were represented by John Jugl and Mary Sullivan … Continue reading →
Normandale Lake Office Park Fetches $268M in JV
Normandale Lake Office Park was acquired for $13 million more than the estimate industry experts had expected the joint venture deal to command in the sale.
Vulcan Expects Amazon Global HQ in Seattle to Sell Quickly
Vulcan Real Estate is selling Amazon’s South Lake Union headquarters, with plans to use the proceeds of the sale for ongoing development of its large land holdings in SLU.
First Potomac Sells Stake in 1200 17th St., N.W., for $43.7M
By Adrian Maties, Associate Editor First Potomac Realty Trust last week announced the sale of its 95 percent stake in 1200 17th St., N.W., in downtown Washington, D.C., for $43.7 million as part of a larger analysis of its development pipeline. First Potomac acquired the property in a joint venture with Akridge from the National […]