An affiliate of Triple Net Properties has paid $26.7 million for 2750 Monroe Blvd., a 106,000-square-foot medical office building in Valley Forge, Pa.The affiliate, NNN Healthcare/Office REIT, purchased the property from Lexington Realty Trust, which marketed it through the Philadelphia ...
Dayton Business JournalBradley Associates has paid $14 million for two Dayton, Ohio, office properties totaling 213,000 square feet. The Chicago firm acquired the 130,000-sf 9333 Springboro Pike and the 83,000-sf 9393 Springboro Pike buildings from Lexington Realty Trust. LexisNexis fully ...
Washington Business JournalTishman Speyer Properties has begun developing a pair of office towers totaling 350,000 square feet in Washington, D.C. Tishman acquired the space for the properties, at 1100 and 1150 First St. NE, last year for $60 million from ...
Pittsburgh Business Times (second item)Kirkpatrick & Lockhart Preston Gates Ellis plans to relocate its offices to 200,000 square feet at One Oliver Plaza in Pittsburgh. The international law firm, which has signed a letter of intent for a 15-year lease ...
Boston HeraldBioMed Realty Trust is asking for rents of up to $105/sf for a laboratory/research building it is developing in Boston, marking the first time that asking rents have exceeded $100/sf for any type of space in the city. BioMed, ...
Bixby Land Co. has paid $85 million for Airport Technology Park, a 300,000-square-foot office/research and development complex in Santa Clara, Calif.The Newport Beach, Calif., developer purchased the property from Westbrook Real Estate Partners.The property, on 17 acres at 2770-2890 De ...
Commercial Real Estate Direct Staff ReportNational Office Properties paid $119.8 million for 301 Congress Ave., a 418,338-square-foot office building in Austin, Texas.As reported, the 22-story property was sold by a venture between Crescent Real Estate Equities Co. and Aetna. But ...
A venture between Transwestern Investment Co. and Tishman Speyer is said to have ceased marketing for sale 200 W. Madison, a 928,000-square-foot office building in Chicago. The property was expected to trade for $300/sf, or $280 million, and becomes the ...
The Business Journal of Phoenix Way Commercial Realty has paid $17.7 million for two office buildings totaling 157,000 square feet in Phoenix. Way Commercial acquired the buildings from Farmers Insurance, which uses the facilities for an Arizona headquarters. The insurer ...
Commercial Real Estate Direct Staff ReportManhattan's office market fundamentals strengthened in August, according to Colliers ABR.The vacancy rate for class-A space in all of Manhattan fell to 5.1 percent in August, down 40 basis points from July. Each submarket tracked ...
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