Regions
In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building
TIAA-CREF closed Wednesday on the $180 million acquisition of Washington, D.C.’s venerable Evening Star building.
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.
AMB Leasing Up China Portfolio
Industrial real estate owner, operator and developer AMB Property Corp. continues to stabilize its holdings in China. During the second quarter, AMB has leased 700,000 square feet and has leased 1.22 million square feet since the beginning of the year.
Voit Continues Expansion With Opening of Phoenix Office
The opening is actually a re-opening: the Newport Beach, Calif.-based company has previously had a Phoenix office, but closed it in 2008 during the recession. So could this herald the return of good times to the market? Perhaps.
JLL Nails Down 64,821 SF Lease in NYC for Piper Jaffray
Piper Jaffray will occupy the entire twelfth floor of the building as well as a portion of the eleventh floor, consolidating its operations from two separate Manhattan sites.
Zaid Joins Sierra as SVP
Zaid previously served as an owner’s representative at A.S. Realty Partners, where he negotiated $37 million in sales and managed $14 million in construction projects.
JLL: Market Transparency Showing Slow Improvement
The 2010 Commercial Real Estate Transparency Index found that Australia is currently the world’s most transparent market.
BASF Takes 325,000 SF at The Green at Florham Park
The $100 million new building, on which construction will begin in July, will be home to BASF’s headquarters. Occupancy is expected by mid-2012, and Rockefeller is angling to qualify for LEED certification.
The 821-Room Hilton Minneapolis, Minnesota’s Largest Hotel, Trades for $155.5M
he closing of the sale of the Hilton Minneapolis–the largest hotel in the State of Minnesota–to Bethesda, Md.-based DiamondRock Hospitality comes four years after the joint venture partners acquired the property for what now seems like a meager $92 million.
Kaye Scholer Takes 42,000 SF in Century City
L.A. Realty Partners has negotiated a long-term lease renewal for international law firm Kaye Scholer L.L.P., which has signed a 10-year lease agreement for 42,000 square feet at Sun America Plaza in Century City, Calif.