Regions
Tiffany & Co. to Consolidate in 260,000 SF at 200 Fifth Avenue
Tiffany & Co. just signed a deal to occupy 260,000 square feet of office space in the jewel of a building at 200 Fifth Avenue in Manhattan’s Flatiron District. The new 15-year lease agreement with property owner L&L Holding Co. will allow Tiffany to unite employees at the company’s three headquarters locations under one roof.
Astellas Breaks Ground on New 425,000 SF Headquarters
Japanese pharmaceutical firm Astellas US Holding, Inc. today broke ground on its new 425,000 square-foot, two-building U.S. headquarters in Glenview, Ill. The acquisition of the eight-acre former Culligan Water site was done last year, with MB Real Estate’s Corporate Services and Tenant Advisory team representing Astellas.
Ireland Sees Its First–and Costliest–Hotel Transaction in Two Years
In a cash transaction that marks the first hotel sale in Ireland in two years, the 73-room Chief O’Neill’s Hotel has just come under the ownership of an international company seeking entry into the city.
Nokia Takes 200,000 SF Near San Diego
Mobile phone supplier Nokia has leased a newly constructed 196,742-square-foot office tower at Summit Rancho Bernardo, located in northern San Diego County. The company plans to occupy the space beginning September 2010.
Daum Commercial Acquires Collins Commercial
Commercial real estate brokerage firm DAUM Commercial Real Estate Services has acquired 26-year-old Collins Commercial. DAUM chairman and CEO Michael Nubel will oversee the new entity and Michael Collins, formerly the principal of Collins Commercial, will become vice chairman of DAUM.
RETS Taps Thornburg as Director for San Francisco Office
Commercial real estate recruiting and staffing firm RETS Associates has named Cheryl Thornburg as director in its San Francisco office. Thornburg, who specializes in recruiting commercial real estate and financial services professionals in the Bay Area, will work closely with Diane Blake in the firm’s Silicon Valley office in order to attend to the firm’s growing Northern California client base.
McCaffery Gets Approval for Chicago Lakeside Development Master Plan
Chicago-based development and management firm McCaffery Interests said Wednesday that it has received the go-ahead from the Chicago Plan Commission for the Chicago Lakeside Development Master Plan as well as the enactment of a Planned Development Ordinance that provides the site’s Phase I with the required land use entitlements.
Turner Tapped for $300M Replacement Hospital in San Jose, Calif.
Officials in Santa Clara County, Calif., have selected Turner Construction Company to manage construction of a $300 million replacement hospital for Santa Clara Valley Health and Hospital System in the city of San Jose.
Tropicana Las Vegas to Go Tropical with $165M Makeover
The U.S. gaming market has yet to rebound, but Toronto, Ontario-based Onex Corp., owner of Tropicana Las Vegas Hotel & Casino, is preparing for the recession-weary public’s impending return to the tables with the commencement of its massive transformation of Tropicana Las Vegas.
SL Green to Shell Out $193M for Manhattan’s 600 Lexington
SL Green Realty Corp. is about to pump up its enviable Manhattan office portfolio with the addition of the 303,500-square-foot tower at 600 Lexington Ave. While not one of those highly anticipated “fire sale” deals that never quite materialized in the commercial real estate market, it is still a good buy.