Property Types Office
San Francisco's Transbay Officials Lock in Architect with $105M Contract
The board of directors for The Transbay Joint Powers Authority has signed off on an agreement with Pelli Clarke Pelli Architects for the firm's design of the new Transbay Transit Center & Tower, which will feature 1.6 million square feet of office space.
1250 Broadway Closes with $215M Financing via Carlton
The deal for 1250 Broadway in New York City, as previously reported by CPN, has found funding through Carlton Advisory Services, which closed $215 million of acquisition and mezzanine financing for its acquisition, Carlton has announced.
Children's Hospital of Michigan Plans $34 Million Pediatric Outpatient Center
The hospital hopes to ease overcrowding and simplify family visits.
In Philadelphia's Center City, Office Market is Thriving But Jobs Struggle
The district is hitting its stride, according to Center City District's annual State of Center City report.
GE Finances $67M for Offices
GE Real Estate has announced two office financing deals totaling $67 million.
FAA Officials: Planned Boston Tower Must Shrink for Safety
Boston Mayor Thomas M. Menino wanted a 1,000-foot-tower in downtown Boston, but the FAA has ruled it may obstruct aircraft.
town park commons Daniel Corp. Teams Up with MetLife in Atlanta on Office Leasing
Daniel Corp. is expanding its reach in the Atlanta office market and its relationship with MetLife as it takes on management and leasing duties for 890,000 square feet in three MetLife-owned office properties in the Atlanta region.
donovan Second, Third-Tier Cities New Hotspots for Corporate Development: Report
Second-, and even third-tier cities, should be on corporations’ radar screens. They are good places to locate new manufacturing plants, call centers and IT hubs, a study on corporate development hot spots has concluded.
Parkway Properties Forms $750M Discretionary Fund with Teacher Retirement System
Parkway Properties Inc.  has signed limited partnership agreement forming Parkway Properties Office Fund II L.P.,  a $750 million discretionary fund with the Teacher Retirement System of Texas, for the purpose of acquiring high-quality multi-tenant office properties.
BH Properties Acquires Office, Retail Assets in Dallas-Fort Worth Area
BH Properties L.L.C. has acquired nine office and retail properties located around the Dallas-Fort Worth area with a tax assessed valued of approximately $22 million.
801 Travis Goddard Sells Houston Building, Puts Another on Market
Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount.
Financing in Place for Flex Property in Poway
With a $21 million loan in hand from Wrightwood Capital, the Emri Group will acquire a 144,000-square-foot flex building in Poway, Calif., about 20 miles outside of San Diego.
Firm Renews and Expands Lease to Occupy Entire 300,000SF Energy Corridor Building
The Shaw Group Inc. will stay put at 1430 Enclave Parkway now that it has renewed its lease with property owner Piedmont Office Realty Trust.
University of Chicago to Create $200 Million Center Honoring Late Economist
The Milton Friedman Institute will eventually be housed in facilities now occupied by the Chicago Theological Seminary.
Corus, Lehman Bros. Make D.C. Loans
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
Rebuilding Downtown JPMorgan Chase WTC Development Plans in Doubt
Has JPMorgan Chase finally backed off on plans to build an office tower at the World Trade Center site in lower Manhattan?
Adobe to Buy Boston-Area Office Building Upon Completion
In a $44.7 million deal, Adobe Systems Inc. has agreed to purchase Overlook Center in Waltham, Mass., from Normandy Real Estate Partners upon its construction.
Pair of Dallas Office Buildings Acquired by Newly-Launched Thompson National
Less than a month after the launch of Thompson National Properties L.L.C., the firm has acquired two Dallas Class B office buildings as the company’s first acquisition on behalf of the Bruin Fund, a $250 million opportunity fund.
Arent Fox to Relocate D.C. Office
Arent Fox L.L.P. has announced that it will relocate its Washington, D.C., office to 1000 Connecticut Ave. upon the expiration of its current lease in 2012.
CASTO Invests $400M in Puerto Rican Portfolio
Columbus-based CASTO has invested $400 million in 1.7 million square feet of retail and office space in Puerto Rico.
CBRE Investors Closes $2.1B Real Estate Fund
CB Richard Ellis Investors has announced the closing of CB Richard Ellis Strategic Partners U.S. 5 to new investors.  Strategic Partners U.S. 5 consists of two limited partnerships, with raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East.
Partnership Offloads Ridgelea Bank Building in Fort Worth
The 181,601 square-foot building was sold for an undisclosed amount by Dallas-based Cawley Partners and New York-based Greenstreet Real Estate Partners.
Which Way Is Green?
Should the industry adopt a gold standard or maintain options among certification systems?
Chicago Development Officials Green-Light Increased Subsidy for Loop Project
Developer Village Green Cos. wants to redevelop a landmark 45-story office building into 313 apartments.
First Building at 2MSF Suburban D.C. Research Campus Opens
The 120,000-square-foot office building at M Square - The University of Maryland Research Park in College Park, Md., has made its debut.
 

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