Office
HFF Closes on 125,120-SF D.C. Office Building
Also known as Longfellow Plaza, the property is situated in the city’s Golden Triangle near the Farragut West and Dupont Circle Metro stations.
Piedmont Sells N.J. Office Building
Piedmont had owned the 410,000-square-foot 111 Sylvan Ave., which sits in Bergen County just off Palisades Interstate Parkway and near Interstate 95 in Englewood Cliffs, since acquiring it in 2003 under the company’s previous incarnation, Wells Real Estate Investment Trust Inc., for approximately $70.5 million.
Colliers: Global Markets to Fuel NYC Recovery
According to Colliers Tri-State chief economist Peter Kozel, New York continues to function as a major growth engine, with the local economy a significant beneficiary of capital markets activity. Kozel said no other U.S. city will profit as much from the global economic rebound.
First Potomac Buys D.C. Office Building for $49.5M
This is the REIT’s seventh office purchase this year and its third in the D.C. area. First Potomac has bought a total of 1.3 million square feet in office properties in 2010.
Brookfield Properties Picks Up 650 Mass Ave. in D.C. for $113M
The flurry of office transactions in Washington, D.C., continued with Brookfield Office Properties’ purchase of 650 Massachusetts Ave., N.W. Brookfield plunked down $113 million in cash to buy the property from Washington Television Center L.L.C.
Cassidy Turley Spearheads Sale of 177,500-SF Trophy D.C. Property
The building was also sold in 2006, when it was touted as a rare opportunity to reposition a trophy asset in a competitive market.
Grubb & Ellis Healthcare REIT II Buys 45,000-SF North Carolina MOB
Grubb & Ellis Healthcare REIT II is actively looking to raise as much as $3 billion in equity in order to bolster its property portfolio.
Brookfield Nails Down $800M Refinancing for Manhattan’s 245 Park Ave.
The Bank of China has provided Brookfield Office Properties with one of the largest recent loans in Manhattan.
Years after Selling Minneapolis Office Tower for $193M, Hines Buys it Back for $180M
Hines served as the co-developer of Fifty South Sixth, a Minneapolis office high-rise encompassing 698,600 square feet of premier leasable office space, in 2001. After having sold it in 2005, the company is once again the proud owner.
Healthcare Trust to Add 960,000 SF to MOB Portfolio for $196.6M
With locations on and off hospital campuses, the MOB portfolio encompasses assets in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla.