Office
Oppenheimer to Take 270,000 SF at Manhattan’s 85 Broad
The Manhattan deals keep on coming. On Monday, Oppenheimer & Co. Inc. announced that it inked a lease to occupy seven floors over 270,000 square feet at 85 Broad Street in lower Manhattan.
400 KSF Falls Church Corporate Center Sells for $86M
The Falls Church Corporate Center, on the edge of the Washington, D.C., area, just sold in an $86 million deal brokered by Transwestern.
307,700-SF Orange County Building Trades for $70M
Office property values are ticking up, but steal-of-a-deal transactions have not disappeared entirely. Case in point: The approximately 307,700-square-foot office tower at 2600 Michelson Drive in Irvine, Calif., just sold for $70 million.
Empire State Building Keeps Getting Greener
After undergoing a retrofit initiative in 2009, the tallest building in New York City has achieved Energy Star certification for 2010, its second year in a row.
JLL Secures $160M Financing for 1 MSF Downtown L.A. High-Rise
Downtown Los Angeles is seeing some action, as One California Plaza, a 995,000-square-foot office building, has been refinanced for up to $160 million in a deal secured by Jones Lang LaSalle.
MIG Real Estate Continues Acquisition Phase with Purchase of 163,400 SF Scottsdale Office Park
Piggybacking on three large property acquisitions in June, MIG Real Estate acquired the 164,300-square-foot Scottsdale Center, five Class A two-story buildings in Scottsdale, Ariz.
HFF Orchestrates $355M Construction Loan for Vertex’s 1.1 MSF Boston HQ
Vertex Pharmaceuticals at Boston’s Fan Pier development got a boost as HFF orchestrated a $355 million construction loan for The Fallon Co. to bring the 1.1 million-square-foot office and research project to fruition.
JLL Leases 163,000 SF to Pegasystems in Cambridge
Call it a case of keeping up with your own growth. To serve its need for increased office space, Pegasystems has signed a long-term lease with JLL for 163,000 square feet of class-A space in Cambridge, MA.
$372M in Financing for 1285 Avenue of the Americas
The 1.7 million-square-foot tower at 1285 Avenue of the Americas has been refinanced for $372 million, courtesy of a deal by HFF.
Cole Nabs Six Properties in Two-Day, $119.6M Buying Spree
On Tuesday, Cole nabbed three Florida shopping centers totaling $48.5 million, followed by Wednesday’s inking of a $71.1 million deal for an office complex, industrial food-distribution space and a healthcare facility.