Office
Equity Office Nails Down Pair of Leases at SF Bay Area’s Skyway Landing
Wells Fargo Insurance Services has taken 40,257 square feet, while MarkLogic Corp. has nearly doubled its occupancy by expanding into an additional 18,630 square feet, making for a total of 40,268 square feet.
Government Contractor Leases Nearly 100,000 SF in Northern Virginia
The federal government and government contractors like ASM Research Inc. continue to liven up the market in suburban Washington, D.C. The technology solutions provider has just signed a new lease for approximately 91,400 square feet of premier space at the 410,000-square-foot Centerpointe office complex in Fairfax, Va.
TD Ameritrade Breaks Ground on 475,000-SF Office Building in Omaha
TD Ameritrade currently leases an aggregate 125,000 square feet in three office structures at the site where the online stock trading and investment company’s new building will be erected. At completion, the corporate campus will occupy a total of 40 acres in the Old Mill area of west-central Omaha.
Fund Snaps Up 725,000 SF of Premier Dallas Office Space
The CBRE Strategic Partners U.S. Value 5 fund, a commingled private equity real estate fund sponsored by Los Angeles-headquartered CB Richard Ellis Investors, has purchased the three-building Preston Commons and Sterling Plaza from Chicago-based real estate investment firm Capri Capital Partners L.L.C.
Media Outlets Relocate to 100,000 SF in 4 New York Plaza
Four New York Plaza has nearly 1.1 million of Class A square footage, located on two acres. The building features floor plates of 50,000 square feet and is 75 percent occupied by JPMorgan Chase.
Vulcan Completes Second Phase of Amazon’s South Lake Union HQ
Located on the east side of Boren Avenue North between Mercer and Republican streets, the building encompasses 158,000 square feet of office and 14,000 square feet of street-level retail space.
In One of 2010’s Biggest Deals Yet, Suburban Seattle Office Property Trades for $310M
In Bellevue, Wash., the change in ownership of City Center Plaza, leased in its entirety to Microsoft’s Bing division, is turning heads. Phoenix-based Cole Real Estate Investments’ $310 million all-cash acquisition of the nearly 583,179-square-foot office property from Boston-based Beacon Capital Partners marks one of the largest commercial real estate transactions in the U.S. to date this year.
Carlyle Grabs 1.6M SF of Premier London Office Assets for $1B
The international private equity concern acquired six fully leased landmark office properties that had been part of the portfolio that secured the White Tower 2006-3 plc CMBS, which was placed in liquidation.
Skype Takes 90,700 SF at Stanford Research Park in Silicon Valley
Formed nearly six decades ago by Stanford University, Stanford Research Park encompasses 10 million square feet of space adjacent to the school’s campus, and is known the world over as a leading research and technology compound. The sprawling Silicon Valley property is located about 30 miles outside of San Francisco.
JLL: Vacancies Fall Amongst NYC Class A Office Properties
Vacancy rates dropped amongst all property types in Midtown, where the overall vacancy rate fell to 13.2 percent at mid-2010, a drop of 3 percent from the overall vacancy rate of 13.6 percent in the first quarter. Class A vacancy rates fell to 13.4 percent over the second quarter, down 3.4 percent from the previous quarter’s 13.9 percent.