Office
Lee & Associates Makes Ohio Debut with New Cleveland Office
Commercial real estate services firm Lee & Associates, taking another step in its aggressive growth strategy, has established a footprint in Ohio with the opening of a new office in Cleveland.
IREM’s Annual Office Building Study Yields Mixed Bag of Results
IREM’s annual study looks at operating income and key expenses, analyzing some 1,717 private-sector office complexes in major metropolitan areas across the U.S. and Canada. This year’s results were varied.
JLL Chosen As Exclusive Real Estate Service Provider For Desjardins Group
Desjardins Group has chosen JLL to provide multiple real estate services for the group’s 600,000-square-foot corporate office portfolio located in Ontario, the Atlantic provinces and Western Canada.
Atlas Capital Leads Investor Group to Acquire L.A.’s EVOQ Properties
Affiliates of Atlas Capital, Square Mile Capital and USAA have announced plans to acquire EVOQ Properties. EVOQ’s holdings include more than two million square feet of rentable space and more than 13 acres of prime development land in Downtown Los Angeles.
Kingsley Associates Reports Increasing Office Tenant Satisfaction
Kingsley Associates reported that tenant satisfaction in office buildings rose nearly 2 percent to reach a three-year high, according to its second-quarter Office Industry Trends survey.
Gazit-Globe’s ProMed Properties to Sell 6 Medical Office buildings for $205M
Globe Ltd. continues its portfolio repositioning program with a new deal to sell six medical office buildings owned through its subsidiary, ProMed Properties Inc.
Broe Group to Reposition Rockville Office Building for Medical Tenants
Denver-based Broe Group has acquired an office building in Rockville, Md., with plans to reposition the asset to attract medical tenants.
Related Cos., Renard Development Partner to Pitch New FBI HQ
The chance to develop the long-overdue new headquarters for the FBI, to replace its existing building on Pennsylvania Avenue in Washington, may be a prize very much worth chasing.
Hines Acquires 400 KSF Chesapeake Plaza in Fort Worth
Hines’ acquisition of Chesapeake Plaza gives the Houston-based real estate giant its first property in Fort Worth, Texas.
Shorenstein Gets $170M Loan from MetLife for Manhattan Asset
MetLife Inc. has provided Shorenstein Properties L.L.C. with $170 million in financing for 850 Third Ave., a 21-story, 615,000-square-foot office building on Manhattan’s East Side.