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SL Green Realty Corp. reported an increase in demand from tenants in its second-quarter earnings call.
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Newmark Knight Frank is marketing two New Jersey office buildings for separate sellers.
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Brokers are noticing an uptick in sales driven by expected tax increases, particularly an anticipated 5% increase in the capital gains tax.
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Office space in the Washington, D.C., metro area will be in enormous demand through 2012 as a result of the finance and healthcare reform legislation that has led to the creation of new jobs and federal agencies.
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Los Angeles’ South Bay office market is picking up. CB Richard Ellis-owned Tramell Crow is shopping 898 Sepulveda Blvd while Alliance Commercial Partners is selling an interest share in nearby Walnut Plaza.
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Amstar is making another run at selling Torrance Pointe, a three-building office complex in Torrance, Calif.
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Brookfield Properties and Wealth Capital Management are each shopping significant office properties in Washington, D.C. Brookfield is selling 1225 Connecticut Avenue N.W. while Wealth Capital is set to tout 2300 N Street N.W.
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CB Richard Ellis Investors has acquired Sterling Plaza and Preston Commons, two Dallas-area properties, via its US Strategic Partners fund.
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Tenant representation specialist Cresa Partners is cautioning clients to be aware of the risk of leasing space in a distressed office building.
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Wealth Capital Management is set to put 2300 N Street N.W. in Washington, D.C., on the market.