Wells Sells Tampa Office Building for $31.2M
One of the nation’s most prolific buyers of office buildings is now a seller. Wells Real Estate Investment Trust has sold a four-story, Class-A office...
Office Development Wave Hits D.C.
Washington, D.C. owes its status as the nation's tightest office market to a vibrant local job market. The metro area produced nearly 37,000 new jobs...
Bright Development for Downtown Atlanta
When utility powerhouse Southern Co. announced in late January that it had completed a deal to keep its headquarters in downtown Atlanta, Mayor Shirley...
Office Developers Learn to Cope
Since the tech bubble burst in 2001, Corporate America has downsized and right-sized and generally dragged down demand for office space, leaving developers...
MINNEAPOLIS MIXED-USE PROJECT MAXIMIZES ITS NATURAL ATTRACTIONS
The Ryan Cos. U.S. Inc. has broken ground on a 273-acre mixed-use project outside of Minneapolis. The project, Dean Lakes, will be finished by the spring...
Time Warner Center Opens Retail, Restaurant Portions
The retail and restaurant components of the $1.7 billion Time Warner Center were unveiled to the public yesterday morning during a ribbon-cutting ceremony....
Live from MBA/CREF 2004: Don’t Expect an Office ‘Surge’ Until ’05
ORLANDO -- It will be 2005 before the office market sees a surge of demand, according to a panel of industry experts at the Mortgage Bankers Association’s...
Tishman Speyer to Buy the ‘Lipstick Building’
Tishman Speyer Properties has contracted to buy 885 Third Avenue, the midtown office tower known as the "Lipstick Building." The building is being purchased...
In Progress: Broadway 655
DEVELOPERS: Lankford & Associates Inc. LOCATION: San Diego SIZE: 410,000 sq. ft. COST: $140 million COMPLETION: Mid-2005 BUZZ: The 23-story tower is the...
Private Office Developers Blaze New Trail in Europe
When Hines opened its first Moscow office in 1992, the company behind many of the world's finest modern office buildings operated out of a construction...
PricewaterhouseCoopers Subleases 800,000 Sq. Ft. in Manhattan’s 300 Madison
PricewaterhouseCoopers has signed a long-term sublease for 800,000 sq. ft. at Brookfield Properties’ 300 Madison Avenue building. The $800 million deal...
Earle Mack Steps Down from Mack-Cali Board
Earle Mack, a senior partner of the Mack Co., has resigned from Mack-Cali Realty Corp.’s board of directors. A statement from the company cited Mack’s...
Reckson Closes Purchase of 1185 Avenue of the Americas
New York office REIT Reckson Associates has completed its acquisition of 1185 Avenue of the Americas in Manhattan. The 1.1 million sq. ft., Class-A property...
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