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Archive for the Category ‘Office’

Merritt Properties Closes 36-Acre Land Purchase for Office Park Near Baltimore-Area Army Base

Merritt Properties Closes 36-Acre Land Purchase for Office Park Near Baltimore-Area Army Base

Preparing to answer growing demand induced by the federal government’s Base Realignment and Closure process, Merritt Properties wraps up the acquisition of a nearly 36-acre site for the development of a 265,900-square-foot office park in Aberdeen, Maryland.

$135M Financing Deal Closes for 300 Park Avenue

$135M Financing Deal Closes for 300 Park Avenue

The premier office tower at 300 Park Avenue in New York City did not have debt attached to it a few days ago, but it does now.

Wells REIT II Acquires 128,000 SF Office Property in Orlando

Wells REIT II Acquires 128,000 SF Office Property in Orlando

The Orlando market, one of the harder-hit during the recession, is seeing some action.

Cole Nails Down $156M Financing for Microsoft’s Bing Headquarters

Cole Nails Down $156M Financing for Microsoft’s Bing Headquarters

According to Cole senior vice president of structured finance Matthew Donnelly, there was a highly competitive atmosphere for the debt on the property, allowing for favorable rates and terms.

Tishman Speyer Buys Back 19-Acre L.A. Parcel

Tishman Speyer Buys Back 19-Acre L.A. Parcel

The developer has quietly taken the property out of receivership.

Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver

Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver

Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”

Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project

Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project

The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.

Brandywine Snaps Up 1MSF Philly Office in $129M Deal

Brandywine Snaps Up 1MSF Philly Office in $129M Deal

Three years ago, the entire industry would have scoffed at the idea of acquiring the leasehold interest in a premier 1 million-square-foot Philadelphia office building for a measly $129 million, but Brandywine Realty Trust has succeeded in doing just that.

Akridge Lands 120,000-SF D.C.-Area Government Office Property in Steal of a Deal

Akridge Lands 120,000-SF D.C.-Area Government Office Property in Steal of a Deal

Now that Akridge and Rockwood have taken the property off the hands of the U.S. General Services Administration, the federal government’s real estate division, the team plans to submit the building to a major upgrade in order to mold it into a Class A office facility.

Conde Nast May Anchor Ground Zero Skyscraper

Conde Nast May Anchor Ground Zero Skyscraper

When completed three years from now, the skyscraper will be New York’s tallest at 1,776 feet. Should the Conde Nast deal come to pass, the company will likely move from its 800,000 square feet at 4 Times Square in 2014.

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