Office

The US Senate on Thursday passed a spending bill that will provide a total of $86.2 billion to the U.S. Department of Transportation, which will help fund a number of key transportation priorities for New Jersey.

Just one year after joining TRI as executive vice president and manager of the company's East Bay offices, veteran Edward Del Beccaro has been promoted to San Francisco Bay Area regional manager.

$240 million in acquisition financing was obtained for the Bank of America Tower, a 35-story class-A office asset on behalf of a joint venture of Beacon Capital Partners, Skanska USA and an institutional investor.

The property, situated at 1776 G Street, sold to the building's sole tenant of more than 30 years.

Clarion acquired the 18-story, 491,573-square-foot office tower from a joint venture of The Fallon Company and Barings, on behalf of an institutional investor.

Willis Tower is currently undergoing a more than $500-million renovation, the biggest restorative transformation in the building's 46-year history.

Morre-tec's lease at 181 E. Halsey Road will provide additional space for the selected storage and processing of compounds in conformance with food grade product requirements, NAI James E. Hanson states.

Service Properties Trust sold the 138,558-square-foot, single-tenant class-A office property for $57 million.