Office
Clarion Grabs 302 KSF Office Facility in Playa Vista, Calif.
Clarion Partners has purchased Latitude 34, a two-building office complex within the Playa Vista master-planned community in the Westside area of Los Angeles.
Building and Land Technology Acquires 372 KSF Office Park in Westport, Conn., for $130M
Building and Land Technology has acquired Nyala Farms Corporate Center, a 372,207-square-foot office park on 53 acres in Westport, Conn., for $130 million.
Thor Equities Closes on Manhattan’s 685 Fifth Ave.
Thor Equities has closed on its purchase of 685 Fifth Ave., at the corner of Fifth Avenue and 54th Street in Manhattan.
Special Report: Yardi’s Enerliance Partners with ConEd
Yardi Systems and new acquisition Enerliance joined with the ConEdison Green Team to host the New York City Energy Summit, introducing a new energy reduction initiative.
BNY Mellon Takes 350 KSF at Brookfield’s Downtown NYC Complex
BNY Mellon has signed on for 350,000 square feet at 225 Liberty St., one of the five office towers in Brookfield Office Properties’ 8 million-square-foot Brookfield Place complex, formerly known as the World Financial Center.
SPECIAL REPORT: PREI Raises Concerns: RE Valuations Could be Based on QE Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations, in its June 2014 Global Outlook.
Port Authority Votes to Advance Construction of 3 WTC
Silverstein Properties’ $2.3 billion development of the 2.5 million-square-foot 3 World Trade Center office tower takes a long-awaited step forward as the Port Authority of New York and New Jersey’s board of commissioners green lights a revision of the 2010 financial agreement between the two parties.
Ivanhoe Cambridge JV Buys 49% Stake in Downtown Manhattan Property for $150M
Ivanhoe Cambridge has added to its New York City office holdings with the acquisition of a 49 percent stake in 330 Hudson in Manhattan for $150 million.
NAREE Special Report: Hines’ Johnson Outlines New Development Preferences
Expect some changes as the commercial real estate development market heats up, Hines vice chairman C. Hastings Johnson told the audience at the NAREE conference in Houston.
Ascent to Develop New Data Center in St. Louis Tech Corridor for $85M
Ascent, a St. Louis-based provider of solutions for the development, design and operation of data centers, is expanding its footprint in its hometown, with plans to develop a new multi-tenant facility spread across 15 acres of a greenfield site.