Office
NAR: Give Recovery Another Year
Despite indications that the economy is recovering, the National Association of Realtors is advising caution before slipping on the rose-colored glasses.
Whiterock Wraps Up Purchase of Interest in 1.1M-SF Toronto Office Portfolio
Toronto, Ont.-based Whiterock Real Estate Investment Trust has just enhanced its office holdings with the acquisition of a 49.9 percent equity interest in a $214 million office portfolio located in the greater Toronto area.
Storied Trump Building Leases 268,329 SF in Less Than a Year
The Trump Organization seems to have made the cut with regard to its Trump Building on Wall Street. The company has sewn up leases for 268,329 square feet in less than a year – the most, they say, of any single downtown building.
MB Real Estate Represents Regus in 29,519 SF Deal at Chicago’s Block 37
MB Real Estate said earlier this month that it represented workplace solutions company Regus in a 29,517 square-foot lease at 22 West Washington in Chicago.
Turner Commences Work on $291M Medical Facility in Buffalo
Signs that the healthcare real estate sector is still alive and relatively well continue to materialize. Acting on behalf of Kaleida Health, New York City-based Turner Construction Co. has begun construction activity for a $291 million medical care and research facility at the Buffalo Niagara Medical Campus in Buffalo, N.Y.
JLL: Positive Signs Don’t Yet Equal Solid Recovery
The fourth quarter 2009 may have brought some positive indications for real estate recovery, but global real estate services firm Jones Lang LaSalle has one warning for wearers of rose-colored glasses: Not so fast.
Fried Frank Takes Space in One of Two U.S. LEED-Certified Platinum Buildings
When Fried, Frank, Harris, Shriver & Jacobson LLP decided to get greener, the international law firm decided moving boxes were in the plan. It was announced Friday that Fried Frank has signed a 16-year, 102,000 square-foot lease on Lafayette Tower at 801 17th Street, N.W. in Washington, D.C., and will move into its new quarters in about a year.
JLL Report: Cautious Optimism for 2010
The firm’s January Global Market Perspective contends that we have reached or are near the bottom — but that a slow recovery is at hand.
As Gov’t Demand Buoys DC Office Market; ING Makes $73M Sale
The Washington, D.C., office market may have reached a turning point in demand as the region experienced improved fundamentals last quarter—figures propelled by expanded demand for government office space. And if deals like the recent $73 million sale of an office building in Falls Church, Va., are any indication, buyers are taking interest in the area’s strong demographics..
The Graying of America: Age and Opportunity
The graying of America may arguably be one of the single most dramatic demographic megatrends shaping our landscape. Although the U.S. population growth for individuals age 55 and over during the past nine years hasn’t been impressive—from 21.06 percent to 24.17 percent—growth for individuals age 55-64 increased by 30 percent over the same period. Given that the oldest Boomers turned 63 this year, maybe it’s time investors consider the opportunities this megatrend offers.