Office
JLL Completes 163,734-SF Santa Ana Office Lease with Corinthian Colleges
Jones Lang LaSalle represented Corinthian Colleges in its lease renewal of office space in Griffin Towers, Santa Ana, Calif.
Beacon Capital Picks Up Boston’s 177 Huntington Ave. for $59M
Beacon Capital Partners has bought 177 Huntington Ave. in Boston’s Back Bay submarket. The 1972 tower used to house The First Church of Christ, Scientist, and the Trustees of Church administration department.
Prudential Mortgage Capital Provides $200M Loan for Refinancing of Jersey City’s Newport Tower
Prudential Mortgage Capital administered a loan to Bentall Kennedy to fund the purchase of Newport Tower in Jersey City, N.J.
MetLife Snags Bay Area Treat Towers For Reported $130M
MetLife has bought Treat Towers in the San Francisco Bay area. The property, a 10-story Class A office building, was previously owned by a joint venture with Equity Office Properties.
First Potomac Sells DC Office Development JV Interest for $43.7M
First Potomac Realty Trust has sold its 95 percent interest in 1200 17th St. to a Japanese buyer acting through its American subsidiary.
Lionstone JV Buys Eight Tracts at Lantana with Capacity for 1.1 MSF of Office Space
By Gail Kalinoski, Contributing Editor More than 1.1 million square feet of office space could be built on eight undeveloped land tracts totaling 154 acres in an Austin, Texas, mixed-use development that Stratus Properties Inc. has sold to a subsidiary of The Lionstone Group, Lincoln Property Group and Greenfield Properties for $15.8 million in cash. Since it purchased the 738 acres in January 1994 for $4.1 million, the Austin-based residential and commercial development company has sold properties at the Lantana site for an aggregated sales price of about $100 million and with an aggregate sales cost of approximately $46.1 million. …
Wood Partners Begins 298-Unit M-F High-Rise in Seattle
Wood Partners will begin construction of a close to 300-unit high-rise in the heart of the city’s bustling Belltown neighborhood.
Ground Broken at 71-Acre Green Mixed-Use Project Franklin Park
By Eliza Theiss, Associate Editor Decades of sustained development continue in the Cool Springs market, a top destination for relocating Fortune 500 companies and other corporations with the groundbreaking of the unprecedented 71-acre mixed-use sustainable corporate community Franklin Park. Located on the corner of McEwen Drive and Interstate 65 in Franklin, TN, Franklin Park is […]
Banyan Secures $20.9M for Purchase of Ft. Lauderdale Office Building
Banyan Street Capital has gained financing for the purchase of a Tower office building in Ft. Lauderdale’s central business district.
Fortinet Acquires Facility Potentially Groomed for New HQ
By Alex Girda, Associate Editor A company dealing with national and international network security is set to expand after a recent property purchase in Sunnyvale. Fortinet Inc. is the new owner of 164,099 square feet of space at 895 Kifer Rd. on a 10-acre lot. The California-based tech company acquired the facility for a total […]