With no signs of weakness in Northern Virginia’s data-center market, Digital Realty Trust is preparing to expand its Northern Virginia campus in Ashburn, Va. The REIT has just kicked off construction of a 214,000-square-foot facility at the complex.
With no signs of weakness in Northern Virginia’s data-center market, Digital Realty Trust is preparing to expand its Northern Virginia campus in Ashburn, Va. The REIT has just kicked off construction of a 214,000-square-foot facility at the complex.
Aveo Pharmaceuticals just inked a lease for 126,000 square feet of laboratory and office space at BioMed Realty Trust’s 280,000-square-foot property at 650 E. Kendall St., marking another life-sciences transaction in the Cambridge, Mass., market.
In a transaction valued at approximately $289 million, Glimcher has acquired an 80 percent indirect interest in Pearlridge Center, a 1 million-square-foot shopping mall in the community of Aiea, in metropolitan Honolulu.
Kilroy Realty Corp. continues its expansion into the San Francisco Bay Area with its second Silicon Valley acquisition in three months. The REIT will invest about $200 million in the build-to-suit, 341,000-square-foot office campus for Synopsys Inc.
American Realty Advisors has just snapped up the newly built, 80,000-square-foot retail village at Hunter Properties’ $350 million @First mixed-use development in San Jose.
Boston’s most recent transaction is the $40 million purchase of One Faneuil Hall, an eight-story, 44,287-square-foot retail-and-office building, by a foreign investor.
A consortium of investors led by an affiliate of Oaktree Capital Management, as well as individual investor Michael Rosenfeld and his Woodridge Capital Partners, has just spent $200 million to purchase the iconic Fairmont San Francisco hotel.
Jones Lang LaSalle Inc. has been chosen by Duke Realty to provide a trifecta of real estate services for the company’s 1 million-square-foot office portfolio in metropolitan Cleveland. JLL’s assignment includes agency leasing, property management and project development services.
In the midst of a $5.2 billion upgrade that will allow the passage of shipping vessels currently too large for the Panama Canal, the Panama Maritime Authority has granted permits to a private development group to build and operate a new, $600 million container terminal on the canal’s Atlantic side.