Office
Lantana Media Campus Gets $85M in Financing
Holliday Fenoglio Fowler, L.P. has arranged $85 million in financing for the Lantana Media Campus in Santa Monica, Calif., which was sold for $200 million in last year’s largest office property deal in Los Angeles County.
Neustar Commits to Entire 100,000-SF Office Building in Suburban D.C.
Vacant since its completion in late 2007, the 92,000-square-foot Ridgetop III office building in Sterling, Va., is empty no more.
SL Green Lands 113,000-SF Lease at Manhattan Office Building
Those big 100-plus-square-foot office leases that all but disappeared a year ago are slowly but surely beginning to pop up again.
Transition Year
The office vacancy rate is nearing its peak for this cycle, but the market will remain soft in 2010, according to Josh Scoville, director of strategic research for PPR, a CoStar Group company.
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.