Office
Belmont Village Sells for $16.9 Million; Sullivan Branding Moves to the Toyota Center in Downtown
By Amalia Otet, Associate Editor Belmont Village, a Class A senior living community, recently sold for $16.9 million to an affiliate of Ohio-based Health Care REIT Inc. 6605 Quail Hollow Road purchased the three-story senior living center from Texas-based Belmont Village Memphis LLC. The 120-unit complex sits on a 3.8 acre tract and was built […]
DivcoWest Spends $53M on Two-Building Austin Office Park
San-Francisco based DivcoWest has acquired Prominent Pointe I & II, a two-building, 261,243-square-foot Class A office project in Austin, Texas, for a reported $53 million from Aspen Properties.
Silverstein, CalSTRS Tap JLL for Leasing at 1177 Avenue of the Americas
In order to best take advantage of its trophy property at 1177 Avenue of the Americas in Manhattan, the partnership of Silverstein Properties and California State Teachers’ Retirement System has chosen Jones Lang LaSalle Inc. as its leasing agent for the Class A, 1 million-square-foot office tower.
Dynamic or Static?
Exterior sun-shading devices, long popular in Europe, are just starting to attract a following in the United States. Whether you choose a motorized or fixed option, they carry a number of benefits–if you’re willing to wait for the payoff.
Pearson Signs 200 KSF Office Lease on Hoboken Waterfront
After signing Pearson to a 200,000-square-foot lease at the Hoboken Corporate Center across from New York City, SJP Properties will commence construction of a 500,000-square-foot building to complete its mixed-use complex.
GSA Taps Trump for $200M Redevelopment of D.C.'s Old Post Office Building
The U.S. General Services Administration has selected the Trump Organization as its preferred team to handle a $200 million redevelopment of the Old Post Office building and annex in Washington’s Federal Triangle neighborhood, turning the structure into a luxury hotel.
BioMed Realty Trust Takes Cambridge Place for $119M
BioMed Realty Trust Inc.’s presence in the Boston/Cambridge life sciences market will soon surpass 3 million square feet, now that the life sciences real estate REIT has entered into an agreement to purchase the 287,000-square-foot Cambridge Place in for $119 million.
Are Government Agencies Still Desirable Tenants?
With the severe budget cuts, and in many cases outright downsizing, hitting all levels of government, are government tenants as desirable to office building managers and owners as they were pre–Great Recession?
Israeli Investors Purchase Houston's 344 KSF The Plaza at Enclave Office Building
Continuing the trend of a high transaction volume in the Texas markets, Core Real Estate and BayNorth Capital Inc. have sold The Plaza at Enclave to an affiliate of Azrieli Group, a real estate development and investment company located in Tel Aviv.
TMG, Rockwood Sign San Francisco Technology Tenant to 168 KSF Office Lease
Riverbed Technology, an IT firm in San Francisco, has just found itself a new home with a 167,788-square-foot lease at 680 Folsom St., courtesy a transaction handled by TMG Partners and financial partner Rockwood Capital.