Office
LaSalle, Harvest Properties Buy 2 Office Towers in San Mateo, Calif. for $100M
LaSalle Investment Management and Harvest Properties have made their second Class A office purchase in the Bay Area with the acquisition of 1400 and 1450 Fashion Island Boulevard in San Mateo, from Fisher Investments. The amount paid for the properties was not disclosed but was reportedly about $100 million.
Saint-Gobain Inks 320 KSF Lease for New North American HQ
World’s largest building materials company Saint-Gobain has signed a long-term lease for 320,000 square feet of space at its new North American headquarters in Malvern, Pa.
Salesforce.com Inks 714 KSF Space, Largest Office Lease in San Francisco History
In the largest office lease in San Francisco’s history, Boston Properties and Hines, co-developers of what will be the U.S.’s tallest office building west of Chicago, have signed Salesforce.com as the tower’s anchor/name tenant.
KBS Buys 2 Office Buildings Totaling 490 KSF for $187M in Bellevue, Wash.
KBS has snapped up The Plaza Buildings, two office towers encompassing 490,000 square feet in Bellevue, Wash., for $186.5 million.
International: W.P. Carey Affiliates Pay $158M for Polish Bank HQ
W.P. Carey’s two publicly held non-traded REIT affiliates have jointly purchased the headquarters of Poland’s second largest bank, paying $158 million for the asset.
Select Income REIT Closes $188M Acquisition of 820 KSF Office Property in Suburban Chicago
Select Income REIT has gotten its hands on a premier 820,000-square-foot office asset in suburban Chicago, courtesy of a sale-leaseback transaction with Tellabs Inc.
Blackstone Acquires Office Towers in Santa Ana, Calif. for $129M
An affiliate of Blackstone has acquired Griffin Towers, a pair of 12-story plus penthouse Class A office towers in Santa Ana, Calif., from Lincoln Property Co. and partner Angelo, Gordon & Co. for $129 million.
Fallon Co. JV to Develop 516 KSF Office Building in Boston’s Seaport District
Fan Pier, the $3 billion, 3 million-square-foot mixed-use development in Boston’s Seaport District, gets a boost with $204 million in construction financing for its latest tower, the 516,000-square-foot building at 100 Northern Ave.
Parallel Acquires 384 KSF LA Area Office Tower for $102M
Parallel Capital Partners has completed a $102 million purchase of Shoreline Square in Long Beach, Calif., marking its second office acquisition in the region in just two weeks.
HAP Investments to Buy 1 MSF Development Site in Jersey City for $400M
HAP Investments is under contract to acquire 500 Summit Ave., a nearly one-acre lot in Jersey City, in conjunction with its planned development of the Journal Square site into HAP Tower. It comprises a 42-story apartment building, offices and retail.
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