Office
MSREI, Lincoln Property Snap Up 950,000-SF, $320M L.A.-Area Complex
Morgan Stanley Real Estate Investing and Lincoln Property Co. have become the new owners of the Parsons Campus, a 950,000-square-foot office property in the Los Angeles suburb of Pasadena.
Manhattan’s Worldwide Plaza Scores 900,000-SF Office Lease
Just one month after mega-publisher Condé Nast pre-leased 1 million square feet at the new World Trade Center development, financial services company Nomura Holding America Inc. has signed a deal for 900,000 square feet of office space at Worldwide Plaza. The deal marks the largest new lease in midtown Manhattan since 2004.
REIT Executive Compensation Up in 2010, Led by Office, Industrial Sectors
Closely mirroring trends in the economy at large, median compensation for C-level executives at the country’s largest REITs saw a gradual push upward during 2010.
D.C.’s Iconic National Press Building Trades for $167.5M
In a partnership with affiliates of AEW Capital Management L.P., Quadrangle Development Corp. has purchased the storied 420,000-square-foot property in the East End submarket of Washington, D.C.
Broker Completes 71,000-SF Renewal
Lockton Insurance Brokers L.L.C. has inked a lease renewal for office space at Ernst & Young Plaza, a 41-story, 915,316-square-foot Class A office building in Los Angeles.
Investcorp Acquires Medical Complex
Investcorp Real Estate has expanded its San Francisco Bay Area holdings via the purchase of the 98,000-square-foot Broadway-Webster Medical Plaza in Oakland.
Newmark Wins 1 MSF Office Assignment
Newmark Knight Frank has come out on top in a competitive bid to serve as exclusive office leasing agent for New Quincy Center, Street-Works Development L.L.C.’s $1 billion mixed-use project.
HFF Negotiates Sale of Houston Office Building
The firm oversaw the sale of 6671 Southwest Freeway, an eight-story, 148,751-square-foot office building in Houston.
ExxonMobil Moves Forward with New Digs
ExxonMobil Corp. has chosen Gilbane/Harvey-Houston, a team involving construction and real estate development firm Gilbane Building Co. and general contractor Harvey General Contractors, to build its Houston office campus on a 385-acre site.
JLL Inks 58,000 SF in San Diego Leases
The two deals were completed with biopharmaceutical firm Halozyme Therapeutics.