Office
In Deals Totaling $1B, SL Green Buys and Sells Prime Midtown Manhattan Office Properties
New York City’s largest office landlord is taking no prisoners in Midtown Manhattan.
Canon Kicks Off $636M Development of HQ on Long Island
After three years of planning, Canon U.S.A. Inc. has just broken ground on its new 1.2-billion-square-foot headquarters in Melville, N.Y.
Tiffany & Co. to Consolidate in 260,000 SF at 200 Fifth Avenue
Tiffany & Co. just signed a deal to occupy 260,000 square feet of office space in the jewel of a building at 200 Fifth Avenue in Manhattan’s Flatiron District. The new 15-year lease agreement with property owner L&L Holding Co. will allow Tiffany to unite employees at the company’s three headquarters locations under one roof.
Premier 163,000-SF Office Building in Houston’s Energy Corridor Changes Hands
A bevy of eager investors took a great deal of interest in acquiring One Park 10 Plaza in Houston’s desirable Energy Corridor, but it was Beacon Investment Properties Inc. that emerged victorious.
Rockefeller to Build on 23.6-Acre Southern California Site
Rockefeller Group Development Corporation has received entitlements for the construction of the Rockefeller Group Professional Center on an approximately 23.6-acre site in Torrance, Calif.
Nokia Takes 200,000 SF Near San Diego
Mobile phone supplier Nokia has leased a newly constructed 196,742-square-foot office tower at Summit Rancho Bernardo, located in northern San Diego County. The company plans to occupy the space beginning September 2010.
CBRE Receives More than $2B in Offers for Calif. Office Portfolio
Cash-strapped California has at least one reason to smile: CB Richard Ellis has received more than 300 offers to purchase and lease back 11 state office properties on behalf of the California Department of General Services.
Healthcare Reform to Boost Healthcare Real Estate Industry
Healthcare real estate, having managed to fare better than most commercial real estate sectors during the industry’s downturn, is now positioned to blossom as a result of the recent passage of the highly contentious Patient Protection and Affordable Care Act and The Healthcare and Education and Reconciliation Act of 2010, according to a report from Fitch Ratings.
SL Green to Shell Out $193M for Manhattan’s 600 Lexington
SL Green Realty Corp. is about to pump up its enviable Manhattan office portfolio with the addition of the 303,500-square-foot tower at 600 Lexington Ave. While not one of those highly anticipated “fire sale” deals that never quite materialized in the commercial real estate market, it is still a good buy.
Grubb & Ellis Buys Parkway Medical Center
Grubb & Ellis Healthcare REIT II, Inc. on Wednesday announced that it has acquired Parkway Medical Center, an 88,000 square-foot, two-building medical office portfolio in the Cleveland suburb of Beachwood.