Investcorp, a global provider and manager of alternative investment products, continues an active year in the U.S. commercial real estate market with the acquisition of office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million....More
Office investment sales are gaining traction as a new wave of buyers have emerged, bidding up pricing for core assets and driving investors to second-tier markets in their search for higher yields....More
“We do not have to wait for historical commentary to show us that green buildings are smarter, healthier and more efficient,” says John “Chip” Akridge III, founder and chairman of the Washington, D.C.-based commercial real estate firm bearing his name and a member of the NREI Sustainability Board of Advisors....More
CBRE Global Investors U.S. Managed Accounts Group has acquired 161 N., a 49-story trophy-quality office building located in the Central Loop submarket of downtown Chicago, on behalf of a consortium of Korean investors led by Korea Post. The seller was Tishman Speyer....More
The CoStar Group just released its third quarter list of select Major Office Buildings under Construction and, unsurprisingly, the largest of these are located in markets that have led the economic recovery, including New York, San Francisco, Houston and Dallas.
The Lionstone Group completed the acquisition of 712 Main St. in Houston’s CBD, in a deal that marks the first time the landmark property has been offered for sale on an individual basis since its construction in 1929....More
Winthrop Realty Trust has announced that the existing mortgage loan secured by the 942,000-square-foot, office and retail property located at One South State Street in downtown Chicago has been refinanced....More
In the largest new downtown San Jose lease of the year, technology startup Apigee Inc. has signed a deal to lease 41,000 square feet at Equity Office’s 10 Almaden where it could employ upward of 250 people....More
Call it a marriage of convenience or one borne of necessity, but the General Services Administration appears to have found a new use for the Coast Guard's former headquarters in Buzzard Point that was going to sit empty and cost the government millions of dollars in wasted rental payments.
The GSA is putting the finishing touches on an occupancy agreement that would let the Navy move into the 600,000-square-foot Transpoint building at 2100 Second St....More
Grosvenor Americas, of San Francisco, has acquired a group of 11 Class A office buildings in Bothell, Wash., a Seattle suburb, from owner/developer Schnitzer West LLC for $167.5 million, the parties announced late Tuesday....More
Ivanhoe Cambridge, the real estate arm of one of Canada’s largest pension funds, continues to expand its U.S. office holdings with the acquisition of the majority stake in 1211 Avenue of the Americas in Manhattan for $850 million....More
Brandywine Realty Trust, of Radnor, Pa., and an affiliate of The Shooshan Co., of Arlington, Va. have formed a joint venture to build a 426,900-square-foot office building in Arlington’s Ballston submarket, Brandywine announced Monday....More
Decision day for Apple Campus 2 is Tuesday. That's when the Cupertino City Council will vote on the massive spaceship campus — either to let the tech giant move forward or to halt it in its tracks....More