Regions
New Avison Young HQ Embraces Sustainability
Starting the second quarter of 2012, Toronto’s Pricewaterhousecoopers Tower at Southcore Financial Centre will become home to Canada’s largest independently owned commercial real estate services firm.
JLL: Capital Markets Drive Change in San Diego
Jones Lang LaSalle said the market saw a decrease in availability for biotech real estate space as well as an increase in demand over the last two quarters of 2010.
Concord Associates Plans New JV for $600M Casino
The Concord Resort, which will sit on a 116-acre site in New York’s Catskills region, boasts a design by Marnell Architecture, whose parent entity, Marnell Cos., will be a partner with Concord in the development.
Manhattan Rental Rates to Reach Record High in 2011
Not only has the city rebounded, it has come back with a vengeance, as market-rate rents are on track to reach an all-time high this year, according to Marcus & Millichap Real Estate Investment Services’ apartment research market outlook.
AMB’s Asia Portfolio Stabilizes
For companies seeking premier industrial space for lease in Asia, AMB Property Corp. is nearly fresh out for the time being. With the recent closing of four leases totaling 420,900 square feet at AMB Sendai-Tagajo Distribution Center in Sendai, Japan, the company’s entire legacy development portfolio in Asia is now stabilized.
Mondrian Los Angeles to Star in Pebblebrook Portfolio for $137M
Carrying an address in trendy West Hollywood, the 227-guestroom Mondrian occupies a 189,000-square-foot structure that first opened its doors as an apartment property in 1959.
Skidmore, Owings Brings Green to Tech City in Vietnam
The Green Tech City was commissioned by FTP Corp., a growing national IT and telecommunications firm, for its employees and families.
Almquist Joins Avison Young as Principal
Commercial real estate broker Marty Almquist will focus on agency leasing and tenant representation in northern Virginia.
Record-Breaking Army Land Exchange Advances Bay Area Development
With the signing of the largest-ever Reserve Property Exchange Agreement, the U.S. Army paved the way for SunCal Co.’s development of a master-planned community, Dublin Crossing, on 180 acres at Camp Parks Reserve Forces Training Area in Dublin, Calif. In return for the land, SunCal will build 152,300 square feet of new buildings for the military.
ProLogis Wraps Up $157M Bond Financing
The bond was secured with the 1.2 million-square-foot Parc Zama I, located outside of downtown Tokyo. In 2010, just one year after its completion, the distribution facility reached the 100 percent occupancy level.