Office
Jones Lang LaSalle, Pacific Real Estate Partners Merge
Commercial real estate services firm Jones Lang LaSalle has substantially deepened its foothold in the Pacific Northwest overnight with the merging of operations with Pacific Real Estate Partners Inc.
Downtown Renaissance: The World Trade Center Anchors a Thriving Redevelopment Scene
As Manhattan’s biggest redevelopment project in decades, the new World Trade Center towers are the flagships of the Downtown revitalization trend that started in the early years following the terrorist attacks. An update on redevelopment progress in Lower Manhattan.
Special Report: Lighting, LED and Legislation
A panel discussion at the 2011 GreenBuild conference explored options for energy-saving lighting, noting that 70 percent of energy consumed in North America comes from commercial and residential buildings.
EquityOne Sells Two Assets for $124.9M; Buys Shopping Center for $55.5M
EquityOne has closed on the sale of Trio Apartments and Park Plaza for an aggregate $124.9 million and has picked up the sale of Aventura Square for $55.5 million.
SPECIAL REPORT: As Green as It Gets
The Affordable Housing Summit was one of the highlights of the GreenBuild 2011 conference in Toronto, and while attendees contributed their own ideas about the future of sustainability, the session highlighted the Living Building Challenge.
Penzance Purchases 155 KSF D.C. Suburb Office Building for $67M
Penzance just purchased the 154,922-square-foot office building at 1555 Wilson Blvd. in Arlington, Va., from Stuart H. Miller Co. for $67 million. The property is located in the bustling Rosslyn-Courthouse-Ballston Corridor.
Taconic Closes $220M Fund for CRE Assets in NYC
New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area.
Cushman: NYC ‘A Hot Leasing Market’
In its third-quarter overview, Cushman & Wakefield painted a scene of a picturesque New York City leasing market.
Stiles Sells Bank of America Plaza at Las Olas in Ft. Lauderdale for $164M
Nine years after developing Bank of America Plaza at Las Olas City Centre in Fort Lauderdale, Fla., Stiles has sold the 410,000-square-foot trophy office building for $164 million to a real estate fund managed by J.P. Morgan.
Grosvenor Purchases The Campus at Sunrise for $63M
Grosvenor Americas just acquired The Campus at Sunrise in Reston, Va., for $63 million after purchasing it from BPG Properties Ltd.