Office
NeoCon 2010: Recession Hasn’t Curtailed Creativity in Office Furniture Sector
The mood was upbeat at the annual Best of NeoCon product awards breakfast. As they do every year, manufacturers and their product designers gathered on the first morning of NeoCon World’s Trade Fair to hear the winners of the competition that was juried by 51 facilities management executives and commercial interior designers during the preceding three days.
Tishman Speyer Dodges Foreclosure Bullet with $700M Recap of Metro D.C. Office Portfolio
New York-based Tishman Speyer has recapitalized a 28-property Washington, D.C.-area office portfolio, owned in a partnership that includes Montréal-headquartered SITQ, to the tune of $700 million. The move was made in a nick of time, as foreclosure had been in the cards.
One World Trade Center Now 26 Stories Above Street Level
Once complete in 2013, the building will be the tallest office tower in the country, standing 1,776 feet high and boasting 2.9 million rentable square feet of Class A office space.
D.C. Health Department Leases 150,000 SF at Premier Office Complex
The lease transaction paves the way for DOH’s consolidation of a handful of area offices.
Fully Leased DC Office Property Trades for $209M
The 381,000-square-foot office building at 1350 I Street NW, in Washington, D.C., has come under new ownership just four years after seller Beacon Properties snapped it up for $200 million.
Nearly $5B EOP Loan Balance Transferred to Special Servicing
According to Fitch Ratings, the balance on a nearly $5 billion loan on an Equity Office Properties Trust portfolio has been moved to special servicing, with “imminent default” given as the reason.
Manhattan Office Building Attracts 105,000 SF Nonprofit Tenant
Things are definitely looking up in the Manhattan office market.
JLL Completes Two Downtown LA Leases Totaling 69,000 SF
Murchison & Cumming, L.L.P. has signed a 10-year, 42,162-square-foot lease renewal at 801 South Grand Ave., while Ogletree Deakins Nash Smoak & Stewart, P,C. has signed a 10-year, 26,924-square-foot lease at the Mellon Bank Center at 400 South Hope Ave.
Ground Broken on Nuclear Regulatory Commission’s $131M Office Building in Suburban D.C.
There’s nothing like having the federal government as a tenant to keep a development project on track.
Law Firm Proskauer Inks 400,000 SF Times Square Lease – Largest in Midtown Manhattan in Two Years
In what may be a continuing trend of companies taking more space as a recovery gains solid footing, global law firm Proskauer has signed a lease for more than 400,000 square feet at 11 Times Square in midtown Manhattan.