Office
Israel’s Clal Insurance Buys Chicago’s Harper Court Office Complex for $112M
The Tel Aviv-based company made its second purchase in the U.S. real estate market with the 225,000-square-foot Harper Court mixed-use office and retail complex in Chicago’s Hyde Park neighborhood.
Normandy Taps Transwestern to Lease 352 KSF Office Park in NJ
Normandy Real Estate Partners has hired Transwestern to be its exclusive leasing agent for Park Place, a 30-acre premier corporate office complex in Florham Park, N.J.
Technology’s Top Projects
Technology’s impact spreads to every corner of commercial real estate. From San Francisco and the Silicon Valley to Manhattan and points in between, dozens of cities are competing to join the upper tier of high-tech hubs,. The influence of the tech sector is illustrated in these recent images representing major new leases, renovations and ground-up development.. Several transactions, like Salesforce.com’s 750,000-square-foot lease in San Francisco, set new records for their markets. For further insight into how technology occupants are reshaping real estate markets, be sure to read "Tech’s Top Towns" in the August issue of CPE.
MetLife, Norges Bank Buy One Beacon St. Tower in Boston for $561M
In its fourth major acquisition in just eight months, a JV between MetLife Inc. and Norges Bank Investment Management has bought One Beacon St., a 34-story, Class A office tower in downtown Boston’s financial district.
Tishman Speyer to Build 30-Story Office Tower in Buckhead, Atlanta
To take advantage of Atlanta’s tightened office market, Tishman Speyer is moving forward with construction plans for a 30-story office tower, which will complete its Three Alliance Center development in Atlanta’s Buckhead submarket.
JLL Secures $152M in Debt for 1 MSF California Center Office Campus in East Bay Area
JLL has obtained $152 million in debt financing from Starwood Property Trust for Swift Real Estate Partners’ acquisition of the 1 million-square-foot California Center office campus in Pleasanton, Calif.
INTERNATIONAL: Manhattan-Based Gale Develops South Korea’s Tallest Skyscraper
After eight years of construction, Manhattan-based Gale International has finished building South Korea’s tallest skyscraper, which stands more than 1,000 feet tall and is open to the public.
MediaMath Signs 15-Year Lease in Downtown NYC
MediaMath has signed a 15-year, 106,000-square-foot lease at 4 World Trade Center, becoming the 72-floor tower’s first private-sector tenant.
Harbor Group Sells 415 KSF Times Square Office Tower for $250M
Harbor Group International has sold 1412 Broadway, a 24-story, 415,135-square-foot office tower in Manhattan, for $250 million.
INTERNATIONAL: Brookfield Multiplex Develops Green Office High-Rise in Melbourne for $410M
Global construction company Brookfield Multiplex has completed the development of a $410 million, mixed-use office building for Cbus Property in Melbourne.