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Microsoft to Demolish, Rebuild Large Section of Redmond HQ Campus
Microsoft Corp. plans to expand and modernize its 500-acre Redmond, WA headquarters, demolishing a dozen buildings and replacing them with 18 taller and larger buildings totaling 6.7 million square feet. In addition to adding capacity for 8,000 more...

Developers, Preservationists Lobby to Save Tax Credit for Historic Renovations
Federal historic tax credits have been an important component of the $70 million renovation of the Wrigley Building in Chicago over the last several years.Credit: North American Properties Commercial real estate appears to fare very well in the House...

Planned $2.5 Billion Riverton Development on Central NJ Waterfront Ready to Go Mall-Less
Marina space will be part of the curated built environment for the 418-acre Riverton waterfront development on the Raritan River in Sayreville, NJ.Credit: North American Properties North American Properties and PGIM Real Estate this week unveiled Riverton...

Brandywine Starts First Phase of $3.5B Schuylkill Yards Master Development
Brandywine Realty Trust (NYSE: BDN) broke ground this week on the first phase of Schuylkill Yards, a mixed-use development expected to total 6.9 million square feet of R&D, office, residential, hospitality and retail properties on 14 acres in University...

Duke Realty Buying 12-Property Logistics Portfolio in CA, FL, NJ
Duke Realty Corp. (NYSE: DRE) has agreed to acquire a 10-building, 3.4 million-square-foot industrial portfolio plus two development parcels in Southern California, Northern New Jersey and Florida from Chicago-based Bridge Development Partners, LLC. The...

Facebook Takes 436,000 SF in San Francisco's Largest Office Lease Since 2014
Facebook, Inc. has leased all 436,000 square feet of office space at developer Jay Paul's 181 Fremont St., a 70-story office tower under construction in downtown San Francisco across from the Transbay Transit Center. The social media giant leased the...

Investors Pay $5M for Two Industrial Development Sites
North Signal Capital and Westport Capital Partners LLC, acquired the two North Pointe Commerce Park development sites located on North Point Industrial Blvd. in Hanahan, SC for $5 million from West Rock Land and Development. The 29.8-acre site is located...

Hanover Ridge Buildings Set to Deliver
NorthPoint Development will complete construction next month on two new industrial buildings within its Hanover Ridge Trade Center at 600 New Commerce Blvd. in Wilkes Barre, PA. Construction started in 2016, and when completed, Bldg 2 will total 842...

Related JV Lines Up $1.5 Billion Contruction Loan for Next Hudson Yards Tower
Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. today announced the closing of a $1.5 billion senior construction loan for 50 Hudson Yards, which represents the final piece in the $3.8 billion financing of the massive development...

Molto Breaks Ground on New 678,000-SF Spec Project in Louisville
Molto Properties, a commercial real estate developer based out of Oakbrook Terrace, IL, has acquired a 30.42-acre site and begun construction on a new 677,685-square-foot logistics center in Louisville, KY. Teaming up with development firm Verus Partners...

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