Healthcare REIT Acquires 6 Million Sq. Ft. Portfolio
Health Care Property Investors Inc. (HCP) has bought interests in 113 medical office properties from MedCap Properties LLC. The acquisition — spread over...
Office-Building Valuations Dip
With the recent spike in interest rates and continued slide in occupancies and rents, it's no wonder that office property valuations are taking a hit....
L.A.'S ARCO PLAZA GETS A FACELIFT
Thomas Properties Group is planning major changes at Arco Plaza in downtown Los Angeles. The developer plans to redevelop the public spaces of the 2.7...
High Tensions Over Portland High-Rise
One of the last options for Oregon's largest city to create the kind of vibrant environment enjoyed by residents of New York, Paris and other cities is...
Tenants' Power Play
These are trying times for office landlords. While several economic indicators suggest that a recovery is taking shape Gross Domestic Product growth is...
Mack-Cali Sells New Jersey Office Building for $194 Million
The Mack-Cali Realty Corp. has sold its Harborside Financial Center Plaza 10 building for $194 million. The 577,575 sq. ft. Class-A office tower is located...
Macklowe Buys GM Building For a Record $1.4 Billion
New York City developer Harry Macklowe now owns the General Motors Building after paying Conseco Inc. a record $1.4 billion for the 50-story midtown Manhattan...
Office REIT Stung By Competitive Manhattan Market
A decision last week by law firm Cadwalader, Wickersham & Taft to lease 450,000 sq. ft. at One World Financial Center was terrific news for lower Manhattan...
Giant Lease Signed In Downtown Manhattan
Law firm Cadwalader, Wickersham and Taft LLP has agreed in principle to sign a 20-year lease for 450,000 sq. ft. of office space at lower Manhattan’s...
Eastern New York Office Complex Trades For $200 Million
EAB Plaza, a major Long Island office property, has sold for roughly $200 million. Galaxy LI Associates, a joint venture between New York-based real estate...
Former World Trade Center Tenant Returns to Downtown Manhattan
Almost two years to the day after its offices in 2 World Trade Center were destroyed by the terrorist attacks of Sept. 11, 2001, law firm Thacher Proffitt...
ALTER TO BUILD $400M PROJECT ON NATIVE AMERICAN LAND
Developers are hoping that a planned $400 million mixed-use development on Native American land near Phoenix, Ariz., will spur employment opportunities...
In Progress: 4500 Wisconsin Avenue
DEVELOPER: Roadside DevelopmentLOCATION: Washington, D.C.ARCHITECT: Shalom Baranes AssociatesSIZE: 208 residential units, approximately 90,000 sq. ft....
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