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BOSTON—Skanska USA Commercial Development broke ground on Wednesday on the $281-million 121 Seaport office tower here, the third major project the New York-City based firm is building in Boston.
NEW YORK CITY—Midtown Manhattan easily outpaced other New York City submarkets in the second quarter, posting 21 leases in excess of 100,000 square feet.
RICHMOND, VA—Approximately 150 income producing properties located in areas south and east of Richmond are to be sold in an online auction beginning on July 15.
NEW YORK CITY—Ever wonder what keeps New York City real estate executives awake at night? Well, according to a survey, their worries include an interest rate hike, China's slowing growth and another Superstorm Sandy-type event to hit the area.
WASHINGTON, DC—In a deal that has been in discussions for some time, Tishman Speyer has acquired the home of the DC bureau of CBS and an adjoining property. The New York City-based firm plans to build two new office buildings, one of which will serve as the new headquarters for the DC bureau of the “Tiffany Network.”
BOSTON—Houghton Mifflin Harcourt will be relocating its headquarters operations to 162,000 square feet of leased space at Tishman Speyer's 125 High St. office tower here.
NEW YORK CITY—A new report reveals that rents at apartment properties owned by REITs here are commanding significantly higher rents than at privately held multifamily buildings.
ANDOVER, MA—Griffin Capital Corp. of El Segundo, CA reports it has acquired a fully-leased office, research and development building here for $11.5 million, plus closing costs.