Office
JLL Wins 4.3 MSF Management Contract from Principal Financial
Jones Lang LaSalle has won yet another assignment, emerging victorious form a heated bid for a facilities-management contract for the Principal Financial Group’s 4.3 million-square-foot portfolio of employee-occupied properties.
Yahoo, JLL Achieve LEED Gold on 1 MSF Sunnyvale Campus
In a first for a corporate campus of this kind, Jones Lang LaSalle and Yahoo announced Monday that the search giant’s Sunnyvale, Calif., campus has been awarded LEED Gold certification.
1.5 MSF Shanghai Office Trades for $500M
Investors with cash on hand are snapping up premier properties in Shanghai, and SOHO China Ltd.’s purchase of the 1.5 million-square-foot Shanghai New World Changning Commercial Center is among the latest transactions.
Office, Data-Center Portfolio Sold for $138.5M in D.C. Area
Tysons East Metro Portfolio, a five-building complex encompassing approximately 310,800 square feet of office-and-data-center space in McLean, Va., has found a new home for the price of $138.5 million.
Behringer Harvard Scores Big Lease Deals in Chicago, Houston, San Fran
Behringer Harvard has secured renewed commitments and new leases totaling nearly 560,000 square feet at three of its office properties in the leading markets of Chicago, Houston and suburban San Francisco.
JLL Secures Nearly $300M in Loans for Two Dallas Properties
JLL’s capital-markets team has secured two new loans: a $205 million transaction for The Crescent through MetLife and a $93 million deal for the Trammell Crow Center through Northwestern Mutual.
$78M Journal Square Building in Jersey Sold to Israeli Investors
In a $78 million transaction, Israel-based Gaia Real Estate purchased the nine-story 2 Journal Square property in Jersey City, N.J., from Hartz Mountain Industries.
Sale at Tufts in Boston Nets $112M for Daymark
Two medical-office buildings located on the Tufts University campus near Downtown Boston have just moved off the books of Daymark Realty Advisors and into the hands of ProMed Properties for a purchase price of $112 million.
$118M Refi for Two-Building Complex Near D.C.
HFF announced the $118M refi of the 626,004-square-foot Century Center in Crystal City, Va., a two-building complex with ground-floor retail.
MIG Real Estate Shells Out $56M for 376 KSF San Diego Office Portfolio
MIG Real Estate, keen on opportunities in San Diego’s Class B office market, has just acquired a five-building portfolio for $56 million.