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BRIDGEWATER, NJ-O'Connor Capital Partners' 300,000-sf 400 Crossing Blvd. has 180,000 sf currently available Sanofi-Aventis occupies the rest of the building and all of an adjacent building.
HOUSTON-Five-year tenant, Sullins Johnston Rohrbach & Magers, stays put in Phoenix Tower, adding about 10% to the class A office after taking a look at other options in the Greenway Plaza and Galleria submarkets.
ATLANTA-The locally based REIT sells off two more office buildings and eight ground leases for $247.5 million at the 2.5-million-sf, eight-building, 285-acre Wildwood Office Park. Cousins sold four other park buildings in September to Atlanta-based Wells REIT II for $172.5 million. Area brokers tell GlobeSt.com UBS Realty Investors of New York, a division of the UBS banking conglomerate, is the buyer.
ALLENTOWN, PA-Within two weeks of buying the 607,000-sf warehouse at 860 Nestle Way, the Malvern, PA-based REIT pays $40.5 million to LaSalle Investment for the fully-leased buildings at 200 and 250 Boulder Dr. here.
WASHINGTON, DC-The US Department of Transportation headquarters building at 400 7th St. will undergo a $150-million upgrade, says property owner David Nassif Associates. The 1.3-million-sf property will be vacated by the DOT when its new home in the Southeast Federal Center on M Street reaches completion in 2006.
WASHINGTON, DC-Chicago-headquartered law firm Sonnenschein Nath & Rosenthal LLP increases its presence at 1301 K St. by restructuring its lease and bringing its total occupancy to 108,000 sf from 80,000 sf. The firm is now the lead tenant at the building.
LONDON-Westfield, the Australian shopping center specialist, has formally entered the race for Chelsfield with a euro 793 million ($977 million) offer for the equity of the company. Rival developer, Multiplex, may now step up the bidding war between two of Australia's biggest property companies.
SAN FRANCISCO-An affiliate of Houston-based Hines Interests acquires 101 Second St., a 387,000-sf building completed in 1989, and 55 Second St., a 379,000-sf building completed in 2002. The sale marks Cousins' sixth disposition so far this year.
SACRAMENTO-Two days after announcing that its US Core Office Fund paid $287 million for two Downtown San Francisco office buildings totaling 766,000 sf, the Chicago-based company says its US Office Value Added Fund also has acquired Sacramento-area assets, paying $69.5 million for Capital Center II/III, a 10-building, 529,000-sf portfolio of low-rise office space located in Rancho Cordova.
CHICAGO-Hines US Office Value Added Fund pays $131 per sf for the 10-building, 529,000-sf Capital Center II and III in Rancho Cordova, CA, the only asset Trizec Properties, Inc. had in the Sacramento market.