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07/17/2014
CoStar's U.S. Composite CRE Price Index Approaches Prerecession Peak Levels
The two broadest measures of aggregate pricing for commercial properties within the CoStar Commercial Repeat Sales Indices (CCRSI)--the value-weighted U.S. Composite Index and the equal-weighted U.S. Composite Index--increased by 0.9% and 1.2%, respectively...

07/16/2014
CBRE Buys U.S. Equities To Bolster its Chicago Presence
In a move to deepen its relationships with major property owners and expand its presence in Chicago, CBRE Group, Inc. acquired U.S. Equities Realty LLC and will combine its Chicago area operations with those of the 36-year-old boutique to expand its leasing...

07/16/2014
Ivy Realty Svcs Sells Princeton Office for $64M
American Realty Capital Global Trust, Inc. has closed on its $63.58 million acquisition of the office building at 100 College Rd. W in Princeton, NJ. Ivy Realty Services LLC sold the Forrestal Greene Corporate Park building at almost $413 per square...

07/15/2014
Room & Board Preleases 485,800 SF in Minneapolis
Room & Board, a Minneapolis-based furniture retailer, has pre-leased 485,000 square feet in the Gateway North Business Center. Located at 6601 NE Queens Ave. in Otsego, MN, the proposed 485,804-square-foot industrial building is expected to break...

07/15/2014
3M Getting Much Bigger Distro Center After Sale/Leaseback
3M Company will nearly double the size of its Ontario, CA distribution center after securing a sale/leaseback arrangement for its current location and striking a build-to-suit deal with Trammell Crow Company for a new facility on an adjoining site. 3M...

07/15/2014
Google Leases 240,000+ SF in San Francisco
Google (NYSE: GOOG) signed a lease deal for 242,640 square feet in the Spear Street Tower in San Francisco, CA. The Plaza includes the 42-story Spear Tower, the 27-story Steuart Tower and a six-story office annex and retail space for a total of 1,458...

07/15/2014
AMN Healthcare Renews 175,000-SF Lease in San Diego
AMN Healthcare Services, Inc. renewed its lease for 174,584 square feet at Del Mar Corporate Center III, located at 12400 High Bluff Dr. in San Diego, CA. The six-story, 208,464-square-foot, 4-Star office building was constructed in 2003 on 9.9 acres...

07/15/2014
U.S. Department of Defense Renews 606,000 SF at Hoffman Tower II
The U.S. General Services Administration (GSA), on behalf of the U.S. Department of Defense, signed a renewal to extend its lease at the Hoffman Tower II building in Alexandria, VA. The renewal, signed for 606,575 square feet, is the largest lease...

07/14/2014
Atlantic City May Need To Find Another Way To Make Money
Fans of HBO’s hit series Boardwalk Empire will likely recall main character Nucky Thompsons’ quote from last season’s ending finale: "The only thing your people and mine have in common, we both know what a dollar's worth and if we can't make it one way...

07/11/2014
Parmenter Sells Iconic Bank of America Tower in Jacksonville for $88 Million
Miami, FL-based Parmenter Realty Partners finalized its disposition of the Bank of America Tower, selling the iconic Jacksonville, FL high-rise for $88 million, or approximately $125 per square foot. The centerpiece of the Jacksonville skyline, the...

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