MetLife sells 501 Boylston St.
MetLife Inc. has sold the 530,000 sq. ft. 501 Boylston St. building in Boston to locally based Beacon Capital Partners LLC for a reported $130 million....
Wells Makes Its Move
Wells Real Estate Funds has spent most of its 18-year history flying under the radar buying nondescript, single-tenant suburban office buildings. Now,...
A view from the summit
The problems facing commercial real estate CEOs at the dawn of 2003 are daunting. To begin with, job growth the engine that drives the industry is sputtering....
Wells buys office tower for $157 million
Capping off a year-long acquisition spree, Atlanta-based Wells Real Estate Investment Trust has closed on a $157 million Class-A office tower in Glendale,...
Lower Manhattan law firm renews lease of 250,000 sq. ft.
International law firm Cahill Gordon Reindel has renewed its lease for 250,000 sq. ft. in 80 Pine St. in Lower Manhattan. through 2020. The law firm has...
Sotheby’s HQ sells for $175 million
Embattled auction house Sotheby’s has sold its York Avenue headquarters in Manhattan for $175 million to German real estate firm RFR Holding. Sotheby’s...
Midtown Manhattan office building could fetch $1 billion
Another Class-A office building in Midtown Manhattan is on the market. Located on 52nd Street in the heart of Midtown near Rockefeller Center, 666 Fifth...
Mack-Cali scoops up Philly office property
Mack-Cali Realty Corp. (NYSE: CLI) has purchased a 175,000 sq. ft. Class-A office building in suburban Philadelphia for $26.3 million. The 4-story property,...
San Diego tower sells for $24.2M
VCC Investors LP, an investment arm of Orange County, Calif.-based Birtcher Properties, has purchased the 170,000 sq. ft. Valley Corporate Center in the...
Boston Properties to sell Midtown building
Boston Properties is under contract to sell 875 Third Ave. for $370 million. Global Holdings Inc. has agreed to buy the 29-story, Class-A office building....
John Hancock to sell Boston trophy tower
John Hancock Financial Services is selling its landmark John Hancock Tower and two other Boston headquarters buildings. The insurer, one of the nation’s...
Office Properties: The Worst Could Be Ahead
After hotels, the office sector is the biggest victim of the soft economy, according to Chicago-based research firm Real Estate Research Corp. (RERC)....
Zell: Still the Contrarian
Remember a year ago, when economic pundits predicted a V-shaped recession with a dramatic rebound in the first half of 2002? Well, Sam Zell didn't put...
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