Office
CBRE: Manhattan Office Market's Rebound Continues
According to a briefing by CBRE Group, the office sector’s recovery continues to be hit-and-miss around the country, but in the nation’s largest city, 2011 marked another year of steady improvement.
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.
Westport Acquires Second Phoenix-Area Property with Scottsdale Financial Center II Pickup
Westport Capital Partners L.L.C., of El Segundo, Calif., has purchased Scottsdale Financial Center II, a 150,000-square-foot office building in Scottsdale, Ariz.
Brookdale Acquires 1.4 MSF Dallas Office Complex
Brookdale Investors Six L.P. has just added 1.4 million square feet of Class A office space to its portfolio with the acquisition of The Towers at Williams Square in Irving, Texas.
Invesco Takes 220 KSF Boston Office Tower for $75M
An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million.
Chicago's 55 W. Monroe Sold to Hearn for $136M
In what Jones Lang LaSalle is calling “one of the Chicago market’s largest year-end transactions,” The Hearn Co. purchased 55 W. Monroe from LaSalle Investment Management for $136 million.
Cushman: Manhattan Office Vacancies at Lowest Rate in Two Years
New York City’s year-over-year office-leasing activity for 2011 exceeded 2010’s volume by more than 16 percent, according to a new report by services firm Cushman & Wakefield.
Canadian REIT CANMARC Buys Three Properties for $213M
Less than two years after CANMARC Real Estate Investment Trust completed its initial public offering, there appears to be no end in sight to its shopping spree. The REIT has committed to the purchase of three commercial properties across Canada for a total $213 million investment.
CBRE Grabs Office Building in Atlanta's Atlantic Station Mixed-Use Development
CBRE Global Investors has acquired 201 17th St., a 349,400-square-foot, 17-story, Class A, LEED Gold–certified office tower built in 2007. The Atlanta offices of CBRE will manage and lease the building, which is currently 48 percent leased.
Swig Co. Purchases 12-Story Downtown L.A. Office Tower
The Swig Co. has just added a downtown Los Angeles office building to its portfolio with the acquisition of 617 W. 7th St. from a joint venture sponsored by Alliance Commercial Partners.