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Archive for the Category ‘Development’

SL Green Completes Pieces of $416M Transaction Announced in October

SL Green Completes Pieces of $416M Transaction Announced in October

In two separate transactions, SL Green finalized previously announced deals in its prime hunting ground, Midtown New York City.

Jamestown, Rockwood Spend $390M for NYC’s 530 Fifth Ave.

Jamestown, Rockwood Spend $390M for NYC’s 530 Fifth Ave.

Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.

Hines, JP Morgan Acquire Dallas’ Plaza at Legacy Office Complex

Hines, JP Morgan Acquire Dallas’ Plaza at Legacy Office Complex

Eight years after selling The Plaza at Legacy in Plano, Texas, Hines has welcomed the 215,000-square-foot office property back into its portfolio.

Data Center Operator Picks KC for New $32M Facility

Data Center Operator Picks KC for New $32M Facility

CoSentry, an Omaha-based provider of data center, cloud computing, co-location and managed-Internet services, has purchased a 57,500-square-foot former light industrial building in Lenexa, Kan., for use as a data center.

Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi

Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi

Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.

Studley, Boyd Execs Form D.C. Tenant-Representation Firm

Studley, Boyd Execs Form D.C. Tenant-Representation Firm

Three real estate industry veterans have joined forces on the launching of a new services firm, Serten Advisors, designed to provide commercial real estate services exclusively to tenants in metropolitan Washington, D.C.

Lucescu Closes Phase Two of $166M Scottsdale Promenade Sale

Lucescu Closes Phase Two of $166M Scottsdale Promenade Sale

In a $66 million deal that completes the second phase of the Scottsdale Promenade sale, Lucescu Realty has sold the Promenade Corporate Center to Excel Trust, a publicly traded REIT.

Marriott Buys NYC’s Clock Tower for $165M, Plans New Luxury Hotel Brand

Marriott Buys NYC’s Clock Tower for $165M, Plans New Luxury Hotel Brand

After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million.

Will 3 WTC Be 80 Stories, or Just Seven? Yes!

Will 3 WTC Be 80 Stories, or Just Seven? Yes!

While there’s been speculation as to whether 3 World Trade Center will cap at seven stories, rather than its planned 80, the project’s goal is still very much alive, according to Silverstein Properties’ CEO Larry Silverstein.

Trammell Crow, USAA Break Ground on 700 KSF Industrial Facility in Pennsylvania

Trammell Crow, USAA Break Ground on 700 KSF Industrial Facility in Pennsylvania

Following on the heels of reports that call for an uptick in industrial activity for 2012, Trammell Crow and USAA Real Estate have announced the groundbreaking on a 700,000-square-foot Class A spec distribution facility at Mountain Creek Distribution Center in Carlisle, Pa.

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