Regions
D.C. Law Firm Renews 335,240 SF Lease
The Washington Business Journal is reporting that law firm Wiley Rein LLP has renewed its 335,240 square-foot lease in Washington, D.C. It is the largest transaction thus far in 2010.
Highland Fairview Breaks Ground on Future Skechers Home
California Gov. Arnold Schwarzenegger presided over the groundbreaking of Highland Fairview Corporate Park in Rancho Belago, Calif., which developer Highland Fairview says will be the largest green building of its kind in the U.S.
Interstate Hotels Goes Private in $307M Merger
The closing of a $307 million transaction has taken Interstate Hotels & Resorts to the private sector.
MIPIM Coverage: Canada beyond the Olympics
Fresh off the successful hosting of the 2010 Winter Olympic Games, Canada is attempting to direct attention and investment to the relatively safe waters of its national property markets.
MIPIM Coverage: UK double dip?
Fearing a double dip in the face of upcoming elections, the UK property market appears to be stalling.
Transwestern Inks 21K SF Lease at LA’s AT&T Center
The Los Angeles office of real estate and development firm Transwestern said Thursday that it has arranged a new long-term lease with Ampco System Parking for 21,031 square feet of space in the AT&T Center, located at 1150 South Olive Street in the City of Angels’ downtown area.
Investment Team of Cruz, O’Hearn Joins HFF New Jersey
With 32 years of commercial real estate experience between them, Jose Cruz and Kevin O’Hearn bring a bulwark of industry knowledge to Holliday Fenoglio Fowler New Jersey. The two join HFF from Cushman & Wakefield’s New Jersey investment sales group.
MGM Mirage to Bid Adieu to Atlantic City with Borgata Hotel & Casino Settlement
Atlantic City has not escaped the negative financial ramifications of the recession, but that has nothing to do with MGM Mirage’s plans to make its exit from the famous gaming town.
New Amsterdam Mixed-Use Property Changes Hands for $11.7M
The New Amsterdam, a 75,375 square-foot multifamily and retail property in Washington, D.C., has been sold for $11,750,000. That price represents $156 per square foot, or $130,556 per unit.
Fitch Says Silverstein in “Imminent Default” on $325M Loan Balance
A $325 million loan balance on developer Larry Silverstein’s property, 575 Lexington Avenue in Manhattan, was transferred to special servicing earlier this week, which Fitch Ratings says is due to imminent default.