Office
Richards Barry Joyce Brokers 100,000 SF Lease Renewal for TA Associates
Commercial real estate advisory firm Richards Barry Joyce & Partners LLC said Tuesday that it represented TA Associates Realty in a 100,884 square-foot lease renewal with Dynagraf, Inc. in Canton, Mass.
First Potomac Lands Tenant for Entire 93,000-SF Suburban D.C. Office Building
Under a new 12-year agreement, Vocus will relocate its corporate headquarters to an entire building at First Potomac’s 313,000-square-foot Ammendale Business Park in Beltsville, Md.
Voit: Orange County Office Market Shows Signs of Stabilizing
In Orange County, Calif., an office market hard-hit by the recession and in particular the disappearance of real estate-related businesses, there are signs of revival.
Higher Vacancy, Lower Rents in Greater Boston Office Market
Optimism mixed with some glum news for the Greater Boston office market made itself apparent in Richards Barry Joyce & Partners’ OfficeSTATus report for Spring 2010.
Skanska Spearheading $47M Hospital, Other Major Projects
Stockholm-based development and construction group Skanska has been tapped to build the $47.6 million Smyth County Community Hospital in Marion, Va.
Start Spreading the News: Big Apple Rents Up, Availability Down
Even the famously resilient Manhattan real estate market has taken a beating during the recession, but the bruises are healing and things are starting to look up. That’s according to FirstService Williams, which is becoming the New York-New Jersey-Connecticut hub of Colliers International.
Wells REIT II Takes IBM’s Suburban Boston Campus in $88.5M Deal
What a difference a few years and a good lease make. Four years after its $25 million acquisition of the then-vacant 490,000-square-foot office complex at 550 King Street in Littleton, Mass., a joint venture of Angelo Gordon & Co. and National Development has sold the fully leased asset to Wells Real Estate Investment Trust II Inc. for $85.5 million in an off-market transaction.
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.