Office

The million-square-foot premier office park joins the firm’s stellar portfolio with the completion of the REIT’s $185 million acquisition of the suburban Boston asset. Talk about a steal of a deal; the asset traded in 2007 for $366 million.

The Class A Beverly Hills property is the firm’s latest acquisition in the area.

Located in the heart of Atlanta’s Buckhead district, Parkway’s new purchase is comprised of the commercial segment–470,000 square feet of office space and 20,000 square feet of retail–of the 50-story building that is also home to Sovereign, the 82-unit luxury residential condominium component occupying 23 floors of the skyscraper.

With the assistance of real estate services firm Holliday Fenoglio Fowler L.L.P., Principal Global Investors secured $205 million in financing for the acquisition of the 755,000-square-foot office component of the mixed-use The Bravern development in Bellevue, Wash.

The 430,500-square-foot office asset was snapped up by Cole Real Estate Investments from Duke Realty Corp., which had developed the two-building campus as a build-to-suit in 2008.

In a joint venture with ING Clarion Partners, the William Macklowe Co. has acquired 636 Avenue of the Americas. The six-story, 90,000-square-foot office building was purchased for $45.2 million.

The firm released statistics indicating an overall absorption rate of positive 2.2 million square feet at the end of 2010 – a whopping 106.5 percent increase from the negative 33.5 million square feet of absorption at year-end 2009. The nation hasn’t seen positive absorption since 2007.

New York City’s largest office landlord acquired City Investment Fund L.P.’s 49.9 percent stake in the 490,000-square-foot tower, courtesy of a deal that places a $245.7 million price tag on the asset.

One of the world’s most recognizable landmarks has become New York City’s largest commercial purchaser of 100 percent renewable energy.