Office
Kennedy Wilson Buys $143.5M Portfolio
The Los Angeles purchase adds 700,000 square feet to the company’s holdings, bringing the total assets under management to $9.8 billion.
Manhattan Office Refinancings Continue with $750M Investment
Investors are attracted to the increasingly hot Manhattan office market and Invesco Real Estate is no exception. The company just acquired a stake in 230 Park Ave., the 1.4 million-square-foot tower formerly known as the Helmsley Building, in a $750 million recapitalization deal.
Work Begins on $82M Five Crescent Drive
Liberty Property Trust and Synterra Partners have just broken ground on the 205,000-square-foot office building in Philadelphia that will become home to GlaxoSmithKline.
D.C. Office Complex Trades for $356M
The two buildings at Waterfront Station, a 2.1 million-square-foot mixed-use project under development by Waterfront Associates L.L.C., total approximately 631,000 square feet.
REITWeek Report: Brookfield Details 15 MSF Pipeline
Also in the works is an estimated $200 million to $300 million upgrade of the retail portion of the World Financial Center, Brookfield’s massive office and retail complex near the World Trade Center in Downtown Manhattan.
Cassidy Turley Hits $2B Mark in D.C. Office Investment Sales
The year-to-date figure marks a 450 percent increase in activity for the firm from mid-2010 to mid-2011.
McClatchy Sells Miami Herald HQ for $236M
The property encompasses 14 acres and 750,000 square feet along with an adjacent parking structure.
WTC’s 1 MSF Condé Nast Lease to Lead Downtown’s Return to Glory
New York City’s office market has been in the slow-but-sure post-recession rebound mode for the last several months but the long-awaited announcement has created such a buzz that industry experts believe it will kick the recovery of Manhattan, and downtown in particular, into high gear.
Conde Nast Takes 1 MSF at One World Trade Center
In a long-rumored lease deal, the publisher signed on the dotted line to relocate its headquarters to Lower Manhattan.
Pillar Buys Former Nortel HQ
The $43.1 million transaction represents Pillar’s crack at capitalizing on the rebirth of the Dallas-area tech market.