Office
Sterling Bay Cos., J.P. Morgan Form Strategic Partnership
Sterling Bay Cos. has a new JV partner – J.P. Morgan Asset Management – as it continues developing several Chicago commercial projects, including the future home of Google and Harpo Studios.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
Tishman Speyer Buys 233 KSF London Office
London calling. Tishman Speyer acquires its second office property in the U.K. capital in three months with the purchase of The Point, a 232,800-square-foot office building in the Paddington area of the city’s West End.
INTERNATIONAL: Mace to Oversee Maintenance at Admiralty Extension in London
Mace has been appointed as project manager to oversee the design and refurbishment of 193,750 square feet of office space at the Old Admiralty, a government estate, in London.
Transwestern Awarded Leasing, Management of 2.2 MSF Office Complex in Detroit
Two months after the $177.5 million sale of the five-building, 2.2 million-square-foot Southfield Town Center in Michigan, Transwestern has been retained to lease and manage the trophy office property in the Detroit metro area.
Thor, Taconic Sign Samsung to Long-Term Lease in NYC’s Meatpacking District
Samsung Electronics North America has signed a long-term lease for all of the nearly completed 837 Washington St. in New York City’s Meatpacking District.
ARC Affiliate Buys 154 KSF Office Building in Princeton, NJ, Area from Ivy
An affiliate of American Realty Capital has purchased 100 College Road West, a Class A office building in the Princeton submarket of Plainsboro, N.J., for $63 million from Ivy Realty.
LaSalle Buys 1.2 MSF Office Park in Indianapolis
A LaSalle Investment Management fund has made its first acquisition in Indianapolis, purchasing the 1.2 million-square-foot Precedent Office Park in the Keystone Crossing submarket.
Hertz Buys Bank of America Tower in Jacksonville from Parmenter for $88M
Hertz Investment Group has paid Parmenter Realty $88 million for the tallest building in Jacksonville, the 42-story Bank of America Tower.
Commercial Mortgage Capital Secures $94M Mortgage Loan for Norwalk Office Building
Commercial Mortgage Capital has closed a $94-million permanent loan for i.Park Norwalk, a 365,866-square-foot office building in Norwalk, Conn.