Regions
DLA Piper Survey: 70 Percent Stay Bearish for the Upcoming Year
The results of DLA Piper’s fifth State of the Market Survey showed that 70 percent of the top executives within the real estate industry — CEOs, CFOs, COOs and other senior positions — are bearish overall on the economy.
Skanska USA Begins $70M Lab and Office Building in Boston Area
Skanska USA has announced a $70 million investment in a laboratory and office building in Cambridge, Mass., capitalizing on the hot medical-property market in the Boston area.
SL Green, Stonebridge JV for NYC Retail, Multi-Family Buy
SL Green has entered into an agreement with Stonebridge Partners to acquire eight retail and multi-family properties in New York City for $416 million.
Panavision Takes 145,000 SF of Flex Space for HQ in Suburban L.A.
Angelo Gordon & Co. has taken its 145,000-square-foot office/R&D property at 6101 Variel Ave. in Woodland Hills, Calif., from vacant to full with the signing of Panavision, which will occupy the entire structure.
85,000 SF Lease Takes a Chunk out of Manhattan’s 685 Third Ave.
Marks Paneth & Shron L.L.P. just found a new home, as the accounting firm signed a lease for nearly 85,500 square feet of office space at 685 Third Ave. in Midtown Manhattan from building owner TIAA-CREF.
Edge, HSBC Get 100% Ownership in Times Square’s 1540 Broadway
After acquiring a 49 percent stake in 1540 Broadway last November, Edge Fund Advisors has partnered with HSBC Alternative Investments to take the remaining 51 percent stake in the 907,000-square-foot Times Square property.
MetLife Makes $550M in Loans for Class A Properties in San Fran, D.C.
MetLife has originated a $300 million loan for San Francisco’s Bank of America Center and an additional $250 million in loans for the Washington Square Building in Washington, D.C.
Report: Demand for Tech Fueling Office Recovery
Reports by Jones Lang LaSalle and Cassidy Turley pinpoint one of the brightest spots in the CRE office space: High-tech firms, through venture capital, are creating better-than-average employment numbers.
Witkoff, Morgan Stanley Buy Manhattan’s 1107 Broadway for $191M; Plan Condos
The 305,000-square-foot former office building at 1107 Broadway in Manhattan, formerly the Toy Building North, has come under the ownership of Morgan Stanley Real Estate Investing and The Witkoff Group for $191 million.
MEPT Spends $217.5M for Chicago’s 200 W. Madison
Multi-Employer Property Trust has purchased Chicago’s 45-story 200 W. Madison Ave. from a joint venture that includes Tishman Speyer, Pearlmark Real Estate Advisors L.L.C. and a major U.S. pension plan for approximately $217.5 million.