Office
Taubman, Macerich to Buy Big in Kansas City
Taubman Centers Inc. and the Macerich Co. have agreed to purchase Country Club Plaza, a 1.2 million-square-foot retail and office asset.
GI Partners Increases Data Center Portfolio
GI Partners has acquired Synergy Park, an approximately 300,000-square-foot data center and office property in Richardson, Texas.
Pru-Led JV Buys OC Office Campus
Prudential Real Estate Investors and McCarthy Cook & Co. have acquired MetroCenter at South Coast, an 800,800-square-foot office campus in Costa Mesa, Calif.
Local Firm Sheds ChildNet HQ in Ft. Lauderdale
NGKF Capital Markets recently announced the sale of 1100 West McNab Road, the Fort Lauderdale headquarters of ChildNet.
Net Lease Column: Cap Rates at Historic Lows
By Randy Blankstein, President, The Boulder Group: Cap rates in the single-tenant net lease sector closed 2015 at historic lows. Will the trend continue this year?
First Potomac Starts Selling its Suburban Portfolio
First Potomac Realty Trust sold off three Virginia office and business park properties after announcing earlier this year that it planned to sell at least $200 million in assets.
Optibase Makes $12.9M Investment in Chicago
Optibase Chicago invested $12.9 million in 300 River Holdings, the owner of the rights to a 23-story Class A office building at 300 S. Riverside Plaza.
NJ Finishes 2015 with Strong Office Leasing
Bolstered by a strong fourth quarter, office leasing in New Jersey hit its highest annual total in a decade, according to Cushman & Wakefield.
Law Firm Takes Bigger Space at Park Avenue
Stradley Ronon Stevens & Young has signed a new lease for 9,620 square feet at 100 Park Avenue in Manhattan.
World Wide Tech HQ to Revitalize St. Louis District
World Wide Technology’s recently finished new headquarters will be the centerpiece of a new $95 million project in St. Louis’s Westport Plaza district.