Office

WASHINGTON, DC-The partnership purchased the property from a JV between Rockpoint and MRP, and plans to rebuild have been scrubbed in favor or developing new.

NEW YORK CITY-In partnership with WESTMED Practice Partners, Mount Sinai Medical Center will construct an outpatient medical office at One Pierrpont plaza within Forest City Ratner’s MetroTech complex.

FORT LAUDERDALE,FL-CBRE's Marty Busekrus tells GlobeSt.com's Jennifer LeClaire buyer who bought at the bottom are starting to sell.

HAMBURG, GERMANY-Valad Europe has signed a lease renewal deal with Closed GmbH on 57,845 square feet of office and warehouse space at Bottcherhof 1-1a in the Hamburg-Billbrook region.

NEWARK-Gateway Center landlords are protesting Prudential’s plans for a new office tower, while a new report ranks the metro area among the nation’s most expensive for corporate tenants.

PHOENIX-Fresh from a 10-year stint at Inland Real Estate in Chicago, Patrick O'Meara is ready to build up debt and equity financing in Phoenix and to encourage capital investment across all CRE sectors.

WASHINGTON, DC-Congress wants FASB to slow down and consider the potential fall out from the lease accounting convergence proposal.

SACRAMENTO-L Street Lofts, a mixed-use, fractured condominium project, sells with just 10 units being leased for $2.50 per square foot, the highest rental rate in the midtown area.

PALO ALTO, CA-The region reports 2.7 million square feet of office absorption during 2011, which hasn’t been seen since the 1990s dot-com era.

CHICAGO-BDO USA LLP is moving its Chicago office into 33,267 rentable square feet at the PGRT affiliate owned building, while law firm Patton & Ryan up its lease by 3,000 square feet and extend its term.

PALO ALTO, CA-GlobeSt.com ran into Andrew Barnes, one of the two new lead brokers in the office, at the firm’s party at ICSC’s RECon2012, who notes that the firm is looking to build that office over the next few years.

WASHINGTON, DC-Panelists at the upcoming RealShare Washington, DC will discuss what is driving development in the area, the changing nature of office supply and demand, and the outlook of investment sales here.

MIAMI—Blanca Commercial Real Estate's Danet Linares tells GlobeSt.com's Jennifer LeClaire mass transit is Miami’s Achilles heel right now.

NEWARK-Fresh off his new move to Avison Young, the industry veteran will deliver the keynote address at the RealShare New Jersey Breakfast Series on June 5 at the Newark Club.

NEW YORK CITY-Industry sources tell GlobeSt.com’s Jacqueline Hlavenka that the latest executive changes are a sign that the brokerage industry is beefing up its offerings beyond leasing and sales.

BETHESDA, MD-The merger of the Reznick Group and J.H. Cohn will create an organization with a larger public presence, allowing for a greater focus on REITs, David Kessler tells GlobeSt.com's Erika Morphy.

NASSAU BAY, TX-The Houston investor acquires the class B building -- as well as the 238,000-square-foot Monaco Park in Denver -- from LNR through Auction.com.

NEW YORK CITY-The international fashion brand is expanding its footprint to the trendy Hudson Square area, but the company will also maintain its other corporate office on West 19th Street in the Flatiron District, a spokeswoman for Trinity Real Estate confirms.

NEW YORK CITY-The reported purchase price is more than double what Harbor Group International paid for 4 New York Plaza, formerly owned by J.P. Morgan Chase, in January 2010.

ALEXANDRIA, VA-Both buildings, near the Patent and Trademark Office, are close to full occupancy. Eastdil Secured has been retained as the exclusive broker.