Office
WP Carey Scores 386,000-SF JPMorgan Chase Office Building in Sale-Leaseback “Flip”
W. P. Carey & Co. L.L.C. has gotten its hands on a piece of the 2.9 million-square-foot office portfolio that Brookfield Real Estate Opportunity Group recently acquired from JPMorgan Chase.
Healthcare Trust Goes on $84M MOB Shopping Spree
When it comes to occupancy levels, the medical office building sector has been faring a great deal better than the traditional office market, and Healthcare Trust of America Inc. is doing its level best to enhance its portfolio at a time when many office property owners are still sitting on the sidelines.
JLL: Corporate Occupiers Can Take Advantage of Surplus Space
Jones Lang LaSalle has a message for real estate industry players: Take a breath. The company’s North American Occupier Report for the fourth quarter 2009 shows that there are at least indications of a tentative recovery afoot – and for the recession-wounded, that is at least some good news.
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.