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NASHVILLE-The state of Tennessee is outsourcing facility management and operation of its owned and leased properties to Chicago-based Jones Lang LaSalle in the hopes it can save $50 million in the next five years.
TYSONS CORNER, VA-Washington Real Estate Investment Trust says it plans to spend between $30 million to $35 million to upgrade its 7900 Westpark Drive building here.
NEW YORK CITY-The 16-story office building 251 Park Ave. South here will be sold via auction on August 28 by order of the New York State Supreme Court.
NEW YORK CITY-Ivanhoe Cambridge, which last week purchased the Wells Fargo Center in Seattle for $390 million, has along with a partner acquired a 49% stake in 1211 Avenue of the Americas here.
NEW YORK CITY-Recently commercial real estate investors have broken what had been the $1-billion ceiling for trophy high-rise office buildings, despite the fact that office rents in Manhattan remain sluggish.
SILVER SPRING, MD-The County Council will begin the debate tomorrow on the proposed changes to the county's zoning ordinances aimed at making the county more urban friendly.
MAPLE SHADE, NJ-After its mixed-use project on Main Street here received some local criticism, RPM Development Group has put the project on hold for now.