Office
Irvine Co. Pays Legacy Partners Pretty Penny for Silicon Valley Office Park
The Irvine Co. has taken Tech Park at Freedom Circle in Santa Clara, Calif., off the hands of Legacy Partners, which the seller called a “win-win for both sides.”
Vulcan Trades Prominent Washington State Office Complex
To raise capital for new investment, Vulcan Real Estate has sold a 20-acre property with strong credit tenants such as Microsoft and Costco Wholesale to Talon Private Capital for a nice chunk of change.
Going Down
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
Transwestern/RBJ Helps Create Largest Biotech Campus in Boston Suburb
Transwestern | RBJ has brokered a 202,492-square-foot lease at Two Ledgemont Center in Lexington, Mass., on behalf of a biopharmaceutical company looking to expand.
MEPT, Bentall Kennedy Go Shopping in Boston
Showing “strong interest and confidence in the Boston market,” Multi-Employer Property Trust has acquired nine assets in three separate transactions in Boston totaling $250 million.
JBG Reels in Refi for Suburban DC Office Building
JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country’s capital.
Mitsui Fudosan America Takes Majority Stake in 55 Hudson Yards as Construction Starts
Related Cos. and Oxford Properties Group now have Japanese company Mitsui Fudosan America as its newest majority stakeholder in the prominent 55 Hudson Yards tower project.
Ivanhoé Cambridge Makes Second-Largest Single-Office-Building Transaction in U.S.
On a mission to increase its U.S. platform with top-quality office properties, Ivanhoé Cambridge has bought the iconic Three Bryant Park in midtown Manhattan.
Trammell Crow Co., Prudential JV Feed Chandler, Ariz.’s Hungry Office Market
Trammell Crow Co. and Prudential Real Estate Investors have answered Arizona’s growing demand for office space with the planned development of Mach One.