Office
U.S. Leads Global Investment Sales as NYC Flexes Muscles: Cushman & Wakefield Midyear Update
U.S. investment sales are expected to reach $253 billion in 2011, a 25 percent jump compared to 2011. In the nation’s biggest office market, fundamentals remain sound.
South Carolina's BofA Plaza to be Sold Out of Receivership
Transwestern is betting that investors will snap up Bank of America Plaza, a 303,200-square-foot office building in Columbia, S.C.
Vornado Buys, Sells–and Pulls Back Its Veil
Vornado had a busy 4th of July week, with nearly $1.3 billion in deals. But in announcing its array of purchases and dispositions, it has also been pursuing a new “transparency” strategy. What remains to be seen is how the market will react to everything it’s doing.
$34M of Financing in Place for NYC Office and Retail Portfolio
With the assistance of Meridian Capital Group L.L.C., Pi Capital Partners has obtained a loan for the refinancing of an office and retail portfolio in Manhattan and Queens.
CoStar Q2 Report: Slow Improvement in Office; Retail Slides
Fundamentals in most commercial real estate sectors improved or held steady during the second quarter, as per CoStar Group’s upcoming national report. But there’s always a surprise and the last three months were no exception.
Wells Core REIT Grabs 172,000-SF Suburban Chicago Office Property
Wells Core Office Income REIT has added a second suburban Chicago asset to its portfolio with the acquisition of Four Parkway North, a 172,000-square-foot office property in Deerfield, Ill. The REIT purchased the building from The John Buck Co.’s JBC Fund III in a $40.9 million transaction.
PwC US: Office Sector Making a Comeback
According to PwC US’s second quarter Real Estate Investor Survey, the office sector is well on the road to recovery and rising higher on the investment radar.
BOMA Special Report: Stephenson Stresses Vigilance for Tenant Savings
Office building owners and managers can convince tenants to significantly reduce energy consumption – but they need to be vigilant in ongoing communication and relations efforts, stressed Jenny Stephenson, program manager with the U.S. Environmental Protection Agency’s Energy Star program, during BOMA International’s Every Building conference in Seattle.
Maxim Invests $65M to Expand San Antonio Facility
By Camelia Bulea, Associate Editor Maxim Integrated Products Inc., a Fortune 1000 semiconductor company headquartered in Silicon Valley, will invest approximately $65 million to expand its semiconductor fabrication facility in San Antonio. Purchased in 2003 from Philips Semiconductors Inc., the 380,000-square-foot facility will also undergo an equipment upgrade as part of the same investment, according […]
Kansas City Council Prepares Hefty Tax Incentive Package to Attract Freightquote.com
By Gabriel Circiog, Associate Editor The Kansas City Council is preparing a hefty tax incentive package to lure Freightquote.com to cross the state line, The Kansas City Business Journal reports. The current headquarters of the online shipping company is in Lenexa at 16025 West 113th Street, but Kansas City proposes a $65 million Chapter 100 […]