Business Specialties
Sabey Data Center Properties Buys Manhattan’s Verizon Building for $120M
Sabey Data Center Properties entered the data center-hungry metropolitan New York market with the closing of a $120 million acquisition of a 29-floor condominium interest in the 32-story Verizon Building, with plans to transform the space into a premier data center location.…
Economy Watch: Wall Street Tanks, but Hiring Improves (a Bit) in July
This morning's jobs number showed a slight improvement, while commodities have followed stocks into negative territory. Commercial real estate prices aren't rising--but at least they aren't falling.…
Cassidy Turley Awarded 7.4 MSF Leasing Assignment for ProLogis in Cincinnati
Cassidy Turley is ramping up its Midwest efforts of late, landing a 7.4 million-square-foot industrial portfolio in the Greater Cincinnati and Northern Kentucky areas.…
CBRE Secures Two Big Contracts Totaling 77 MSF
CBRE has been chosen by HSBC Holdings PLC to take on the role of exclusive global strategic property portfolio manager for the financial company's 72 million-square-foot international portfolio. …
Update: Creating the Big Picture for the WTC Site
At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides. …
Taylor & Mathis to Oversee Leasing of IndCor’s 1.2 MSF Tampa Portfolio
Taylor & Mathis of Florida L.L.C. has picked up a management-leasing contract from IndCor Properties Inc. for 1.2 million square feet in the Tampa area. …
Savanna Signs 60 KSF New Leases on 40th Street in Manhattan
Savanna announced the signing of more than 60,000 square feet of new leases at 104 West 40th Street, representing nearly 30 percent of the building's 210,000-square-foot capacity.…
Guest Column: “Taxonomics” of Tenant Allowances
Negotiated tenant allowances are a key consideration for most commercial leases. Unfortunately, negotiations often overlook tax consequences during the structuring of the lease, creating an unanticipated tax burden for an unsuspecting property owner.…
Plastics Manufacturer Inks 104,300-SF Lease
Phoenix Packaging Operations L.L.C. took the entire manufacturing and distribution facility at 464 E. Chilton Drive in the Arizona city of Chandler.…
Ericsson to Occupy Half-Million SF Near Dallas
Just three weeks after closing its $43.1 million acquisition of the former Nortel Networks Inc. Campus in Richardson, Texas, Pillar Commercial has orchestrated two lease agreements that increase the telecommunication company's occupancy from 200,000 square feet to 460,000 square feet. …
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