Office
Jamestown, Rockwood Spend $390M for NYC’s 530 Fifth Ave.
Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.
Paramount Group Buys 12-Story, 207 KSF D.C. Office Building
The latest purchase in the D.C. market comes courtesy of Paramount Group Inc., on behalf of Paramount Group Real Estate Fund IV, which picked up the 12-story building at 2099 Pennsylvania Ave.
Novaya Takes 147 KSF of Tech Office Space in Massachusetts
Novaya Real Estate Ventures, not yet one month old, has begun to build its portfolio with the acquisition of two office/R&D buildings featuring an aggregate 146,700 square feet in suburban Boston.
Hines, JP Morgan Acquire Dallas' Plaza at Legacy Office Complex
Eight years after selling The Plaza at Legacy in Plano, Texas, Hines has welcomed the 215,000-square-foot office property back into its portfolio.
Omninet Capital Completes Purchase of 285 KSF L.A. Office Park
Omninet Capital has closed on the purchase of Commerce Office Park, a 285,368-square-foot institutional-quality office campus at South Eastern and East Slauson avenues in Commerce, Calif.
Owner of the Historic Cosby Hotel Building Proposes Office/Retail Redevelopment Plan
By Gabriel Circiog, Associate Editor The Cosby Hotel building has a chance to dodge the wrecking ball as Sunflower Development Group plans to present a redevelopment plan for the historic construction, The Kansas City Business Journal reports. The 15,000-square-foot building was built in 1881 and was initially an office building for doctors before becoming a […]
IRS Re-Ups on 532 KSF of Fresno Office Space
The Internal Revenue Service, acting through Government Properties Income Trust, just signed a 10-year, 531,976-square-foot lease renewal in Fresno, Calif.
ULI: Emerging Trends in Europe Bearish for '12
“Debt” is going to be the name of the game for the European real estate markets in 2012, according to Emerging Trends in Real Estate Europe 2012, the industry forecast published by PwC and the Urban Land Institute.
Data Center Operator Picks KC for New $32M Facility
CoSentry, an Omaha-based provider of data center, cloud computing, co-location and managed-Internet services, has purchased a 57,500-square-foot former light industrial building in Lenexa, Kan., for use as a data center.
Miami Herald Signs 158 KSF Lease to Relocate HQ
Eight months after The Miami Herald Co.’s Miami digs were sold in a short-term, sale-leaseback transaction, the newspaper has signed a long-term lease for the 158,300-square-foot former U.S. Southern Command headquarters at Westpointe Business Park in neighboring Doral, Fla.