Regions
Avaya Signs 275 KSF Lease for Santa Clara Office
Harvest Properties and Prudential Real Estate Investors have snagged a tenant for nearly half of the Towers at Great America in Santa Clara, Calif., as Avaya, a global business-communications firm, has signed a lease for 275,200 square feet.
Amid Changes, Furloughs at Grubb, Healthcare REIT Picks up $112M Portfolio
Amid the process of furloughing a small percentage of its workforce, Grubb & Ellis is still seeing one of its vehicles — Grubb & Ellis Healthcare REIT II — purchase an eight-property medical-office portfolio for $112 million.
$51.5M Bronx Multi-Family Purchase Leads to Green Redevelopment
Global One Real Estate Fund, in conjunction with the New York Affordable Housing Preservation Fund, a joint venture between L+M Development Partners and Citibank, has bought Lafayette Boynton from AREA Property Partners for $51.5 million.
Economy Watch: Central-Bank Action Cheers Investors
The major-league central banks of the world cut the price of borrowing dollars to forestall a liquidity crisis. The Beige Book found a few spots of growth in an otherwise tepid economy. And ADP said the U.S. economy added 206,000 jobs in November.
W.P. Carey REIT Affiliate Pays $163M for Self-Storage Portfolio
Corporate Property Associates 17-Global Inc., a non-traded REIT affiliate of W.P. Carey & Co., has spent $163.4 million on a 42-property portfolio of self-storage facilities located in California, Illinois and Hawaii.
Suffolk Breaks Ground on $220M Boston Residential Tower
Suffolk Construction has been busy in Boston, breaking ground on the $220 million, 390,000-square-foot Millennium Place III residential tower in Downtown — its second groundbreaking project in two weeks.
Hartz Mountain Purchases Jersey City’s 99 Hudson Site for $35M
Hartz Mountain Industries has snapped up the one-acre parcel at 99 Hudson in Jersey City in a transaction valued at $35 million.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
JLL to Lease 1.1 MSF Office at 11 Times Square
SJP Properties, owner and developer of the year-old 11 Times Square in Manhattan, has tapped Jones Lang LaSalle to serve as the exclusive leasing agent for the 1.1 million-square-foot office tower.
Prologis Inks 540 KSF Industrial Deal in the Netherlands
Prologis has made a major acquisition overseas, signing a lease agreement with logistics provider Syncreon for approximately 540,000 square feet of industrial space at Prologis Park Tilburg in the Netherlands.