Office
PNC Plans Green HQ in Pittsburgh
The firm has unveiled plans to build a skyscraper in downtown Pittsburgh to serve as its new headquarters, stressing the green aspects it plans to include in the building and going so far as to call it “the world’s greenest skyscraper.”
ULI Report: Office Developers Shy Away from Spec Developments
Office-development experts agreed that in-place assets are preferable to speculative development.
Lingerfelt Snaps Up Liberty Property Portfolio for $100M
Lingerfelt Cos. increased its large presence in the greater Richmond, Va., area by a whopping 919,000 square feet in one fell swoop with the purchase of a 14-building office and flex portfolio from Liberty Property Trust.
SL Green, Vornado Maintain Majority Stake in Recapitalization of 280 Park
Broadway Partners and Investcorp have announced a recapitalization and redevelopment of 280 Park Ave. in Manhattan that retains their majority stake while placing the total capitalization of the Class A asset at an estimated $1.4 billion.
CT Realty Disposes of SoCal Portfolio for $30M
The portfolio featured mutliple residential, industrial and officer properties that CT purchased in 2009 and 2010 through several senior loan pool acquisitions. It comprises 140,000 square feet.
New Avison Young HQ Embraces Sustainability
Starting the second quarter of 2012, Toronto’s Pricewaterhousecoopers Tower at Southcore Financial Centre will become home to Canada’s largest independently owned commercial real estate services firm.
Suburban Washington, D.C., Office Building Fetches $205M
Beacon Capital Partners L.L.C. has sold 1300 N. 17th St., a 377,700-square-foot office building in Arlington, Va., to an affiliate of Tishman Speyer.
CoreNet: Panel Debates Future Workspaces
When tasked with determining what tomorrow’s digs will resemble, perhaps it is best to consult with what the young leaders of corporate real estate are doing at their organizations.
Parkway to Sell 1 MSF Building for $162.2M
The firm came into possession of 233 N. Michigan in 2001, when it shelled out $173.5 million in cash for the 32-story tower.
$163M in Financing for FBI Building
There is nothing like a government build-to-suit to catch lenders’ attention, and the new Kapolei, Hawaii, office complex has done just that.