Advancing the business of Commercial Real Estate

Archive for the Category ‘Regions’

Digital Realty Trust Breaks Ground on 214 KSF Data Center in Virginia

Digital Realty Trust Breaks Ground on 214 KSF Data Center in Virginia

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.

BioMed Realty Trust Signs Aveo Pharmaceuticals to 126 KSF Office Lease

BioMed Realty Trust Signs Aveo Pharmaceuticals to 126 KSF Office Lease

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.

Glimcher Acquires Blackstone’s Interest in 1 MSF Hawaii Retail Center

Glimcher Acquires Blackstone’s Interest in 1 MSF Hawaii Retail Center

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 Purchases Silicon Valley Site for $200M Development

Kilroy Purchases Silicon Valley Site for $200M Development

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 Purchases 10.3-Acre San Jose Retail Center

American Realty Advisors Purchases 10.3-Acre San Jose Retail Center

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 One Faneuil Hall Trades for $40M

Boston’s One Faneuil Hall Trades for $40M

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.

San Francisco’s Fairmont Hotel Sells for $200M

San Francisco’s Fairmont Hotel Sells for $200M

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.

JLL Wins 1 MSF Office-Management Contract in Cleveland

JLL Wins 1 MSF Office-Management Contract in Cleveland

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.

Panama Canal to See New $600M Container Terminal

Panama Canal to See New $600M Container Terminal

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.

Four Deals Above $20M Show ‘The Market Is Getting Better for Financing’

Four Deals Above $20M Show ‘The Market Is Getting Better for Financing’

Ranging from $20 million to $60 million, four financing deals for a variety of commercial real estate properties are indicators that capital is beginning to flow again for midsize and larger projects.

ADVERTISEMENT