Norges Bank Real Estate Management purchased the Paris property Vendôme Saint-Honoré for $1.05 billion on December 16. The seller, Trajan Luxembourg S.a.r.l and Trajan Luxembourg II S.a.r.l (both controlled by Irish businessmen John Magnier and JP McManus) reportedly purchased the … Continue reading →
Vornado Realty Trust will spin off and merge some of its DC area portfolio with The JBG Companies to form JBG Smith Properties. The new REIT will include 11.8 million square feet of office space, 4,451 multifamily units and a … Continue reading →
Japan-based Unizo Holdings Co. Ltd. recently acquired The Executive Building, a 332,022sf, class A office building located at 1030 15th Street NW for $228 million ($686.70/sf). Completed in 2008, the 12-story, LEED Gold property is 93 percent leased. Tenants include … Continue reading →
Clinical-stage biopharmaceutical company Novavax, Inc. has signed a lease to occupy Alexandria Technology Center – a 147,051sf Class A flex R&D building located in Gaithersburg, MD. The initial lease term is 13 years with a starting rent rate of $22.25/sf. … Continue reading →
Investment volume in the central London office market dropped to £2.2 billion for the first three months of 2016. This is less than half of the £4.6 billion recorded in the last quarter of 2015 Erection official site viagra uk … Continue reading →
The Washington Post moved to One Franklin Square (1301 K Street NW) over the weekend. The newspaper, owned by Amazon.com Inc. founder Jeff Bezos, leased about 300,000sf at the 627,511sf Class A office building owned by Hines. The Washington Post’s former … Continue reading →
Cambridge Property Group, LLC recently purchased the 128,571sf mixed-use property at 1250 23rd Street NW on behalf of its affiliate Galaxy, LLC, in partnership with Westport Capital Partners. Built in 1989 and renovated in 2010, the Class B building sold for … Continue reading →
Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial, Inc. has purchased 500 Eighth Street NW from Boston Properties for $318 million ($977.38/sf), according to the Washington Business Journal. Built in 2007, the ten-story, … Continue reading →
Class A office vacancy in Santiago reached 7.8 percent in Q2-2015 – up from around one percent in 2012, according to The Wall Street Journal (citing CBRE data). Class B vacancy reached 13.1 percent last quarter Milk is a cialis for … Continue reading →
Eleven million square of office space in Montgomery County, MD was vacant as of Q2-2015, according to a report by Partners for Economic Solutions. In mid-2014, the county’s office inventory included 11 buildings that were either completely or almost completely … Continue reading →