Office
Premier Suburban D.C. Office Building Finds a New Owner in $122M Deal
AEW Capital Management L.P., acting on behalf of its open-end core fund AEW Core Property Trust (U.S.), has acquired Three Ballston Plaza, a premier 304,200-square-foot office property in Arlington, Va., just outside of Washington, D.C.
JLL: Government to Lead 2010 Office Market Recovery
In a research report, Jones Lang LaSalle predicts that the U.S. federal government will lead this year’s recovery in office space.
Stan Johnson Opens First Chicago Office
In a continuing expansion initiative nationwide, real estate brokerage and advisory firm Stan Johnson Co. has opened a new regional office in Chicago.
BRAC Activities Spur JV Plan for 4.5M-SF Business Park in Huntsville, Ala.
To accommodate the impending space requirements near the U.S. Army’s Redstone Arsenal in Northern Alabama, Columbia, Md.-based Corporate Office Properties Trust has created a joint venture with Montgomery, Ala.-based real estate concern Jim Wilson & Associates L.L.C. to develop the 4.6 million-square-foot Redstone Gateway business park in Huntsville.
Analysis: WTC Deal Ties Buildout to Market Conditions
Thursday’s landmark deal breaking the long deadlock over the financing of the World Trade Center redevelopment provides for flexibility in the face of Manhattan’s uncertain office market.
WTC Agreement Receives Praise
A New York state assemblyman and congressman both hailed the agreement that will see two new skyscrapers constructed on Ground Zero.
JetBlue Renews its Commitment to NYC and Soaks Up 200,000 SF of Sublet Space
After surveying various locations across the country, JetBlue Airways has decided to stay put in New York and consolidate its area headquarters space via a new 200,000-square-foot sublease at the Brewster Building in Long Island City, Queens.
Lenders Come Out Strong for Two $70M Financings for NYC Office Buildings
Tangible evidence of the defrosting of credit markets continues to emerge.
D.C. Law Firm Renews 335,240 SF Lease
The Washington Business Journal is reporting that law firm Wiley Rein LLP has renewed its 335,240 square-foot lease in Washington, D.C. It is the largest transaction thus far in 2010.
Transwestern Inks 21K SF Lease at LA’s AT&T Center
The Los Angeles office of real estate and development firm Transwestern said Thursday that it has arranged a new long-term lease with Ampco System Parking for 21,031 square feet of space in the AT&T Center, located at 1150 South Olive Street in the City of Angels’ downtown area.