Office
GW Medical Faculty Buys 120,000-SF Building in DC
The purchase price was $49.5 million.
Trophy D.C. Office Property Fetches $220M
Investors remain keen on Washington, DC’s office market and are willing to pay what is considered the big bucks these days for trophy assets like the Presidential Building, the fully leased 331,000-square-foot property that Invesco Real Estate just acquired from Shorenstein Properties L.L.C.
Brandywine Polishes off $252M Rehab of Philly Post Office
The property, which will be the new area headquarters for nearly 5,000 Internal Revenue Service employees, was mostly gutted and retrofitted with new mechanical, electrical and plumbing systems. However, its designation as a national historic site was preserved.
California Selects Hines-Led Team’s $2.3B Bid for 11-Property Office Sale-Leaseback Deal
The state of California just struck a deal that will put a few billion dollars in its empty pockets.
Colliers Nails Down 100K SF Midtown Manhattan Leasing Expansion, Renewal
Under the terms of the lease, Loews will be located on the fourth through eleventh floors of the building.
Manulife Enters San Francisco with $265M Purchase of 770,000-SF Market Center
Both structures feature ground-level retail space and sit just across from a Bay Area Rapid Transit system station.
HFF Closes $35M Mezzanine Loan for Mutual Life
The property consists of 1.2 million square feet of Class A office space in Midtown Manhattan, occupying an entire block.
ADT Stays Put in Boca Raton with New 171,500-SF Headquarters Office Lease
With ADT’s signing of a long-term lease with Boca Yamato, the world’s largest provider of commercial and residential security services has paved the way for an expansion and relocation from its current digs at One Town Center Road.
Boston Properties to Buy Suburban Boston’s 1M-SF Bay Colony Corporate Center for a Song
The REIT entered into an agreement to purchase the premier office property for a sum that, when compared to the $366 million Bay Colony fetched in 2007, can be described as pocket change.
Legg Mason Building to Get New Name
As part of the lease agreement, the 35-story high-rise once known as the Legg Mason Building will be branded the Transamerica Tower.