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)....
Wells buys $345 million D.C. office complex
Wells Real Estate Investment Trust has acquired a pair of Class-A, office buildings in the heart of Washington, D.C. for $345 million, its single largest...
Joint venture to target distressed assets
Two investment firms are collaborating with Cushman & Wakefield to form a new real estate venture. Goldman Sachs’ Whitehall Funds and Sienna Capital LLC...
Report: Manhattan office sales volume up 14%
Manhattan’s office sales market is booming despite a sluggish leasing climate that has kept vacancy high. A new report from New York-based Insignia/ESG...
Office Fundamentals Continue to Crumble
Climbing vacancies and a sluggish leasing market continue to dog the national office market. The national vacancy rate for CBDs registered 14.4% in the...
Fifth Avenue office tower sells for $611 per sq. ft.
A Midtown Manhattan office building has changed hands for a steep $611 per sq. ft. Chicago-based Walton Street Capital, which sponsors private equity...
Tenants sign on for 250,000 sq. ft. in Lower Manhattan
Toronto-based Brookfield Properties Corp. has completed two lease agreements totaling more than 250,000 sq. ft. in One Liberty Plaza in Lower Manhattan....
MetLife markets $2 billion office portfolio
Insurer Metropolitan Life is selling nearly $2 billion worth of its nationwide real estate holdings, including Midtown Manhattan’s 551 Fifth Avenue and...
Crescent, JPMorgan Fleming venture acquires Miami tower
Crescent Real Estate Equities Co. and a fund managed by JPMorgan Fleming Asset Management have acquired Miami Center, a 780,000 sq. ft. office tower in...
Office Development Survives Tech Wreck
Developers of i.park a 1.4 million sq. ft. reconfigured office complex 15 miles outside of Manhattan had to shelve their original vision of opening a...
Hello, Columbus
Columbus, Ohio the city that never sleeps? After five years and $300 million, the Ohio capital has the makings of a vibrant, 24/7 downtown neighborhood...
Columbus trophy tower goes for $40 million
Northbrook, Ill.-based Arthur Goldner & Associates has purchased the National City Plaza office tower in Columbus, Ohio, for $40 million. The 487,898...
State gives go-ahead to 1.5 million sq. ft. Jersey office campus
Lakewood, N.J.-based Cedarbridge Development Corp. plans to begin construction on a 1.5 million sq. ft. Class-A office park by the end of the year now...
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