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Office Lease Up (Oct. 12) Apple Preleases 777,170-SF; Now in Talks to Buy Building
Apple Inc. preleased Landmark Investments' entire proposed office project at 222 N. Wolfe Road in Sunnyvale, CA. The 777,170-square-foot, four-story building is not yet under construction but is expected to feature a clover-shaped design. It will be developed...

CoStar's People of Note (Oct. 9)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington D.C., Atlanta, Orlando, Dallas / Ft. Worth, Northern New...

Paramount Completes Buyout of Partner's Interest in 31 W. 52nd
(UPDATE | Oct. 2, 2015):  Paramount Group, Inc. (NYSE: PGRE) has closed on its previously announced acquisition of the remaining 35.8% equity interest in 31 W. 52nd St. from its joint-venture partners Hines and Deutsche Asset & Wealth Management...

Updated: PE Giant Blackstone To Use $8 Billion of New Fund To Acquire BioMed Realty Trust
It didn’t take but a couple of days from closing out its $15.8 billion raise for its latest global real estate fund for Blackstone Group to earmark almost half of that amount to announce a deal to acquire BioMed Realty Trust Inc. The two firms entered...

GSA Awards National Leasing Contracts Covering Up to 40 Million SF
The U.S. General Services Administration (GSA) this week awarded nine GSA Leasing Support Services (GLS) contracts to six brokerage firms across the country, including a pair of small businesses. Formerly called the National Broker Contract, the revised...

ULI/PwC Survey: More Investors Shifting Focus to '18-Hour' Cities
U.S. and global property investors surveyed by PwC and the Urban Land Institute (ULI) are increasingly bullish on secondary markets such as Nashville, Charlotte and Austin, which edged out around-the-clock gateway cities such as San Francisco, Los Angeles...

MetLife Takes Stake In 43-Story Office Development Near San Francisco's Massive Transbay Project
Insurer MetLife has joined Chicago-based developers The John Buck Co. and Golub & Co. in contributing to San Francisco's torrid pace of office development, taking an equity stake in a 43-story office tower being built next to the massive Tranbay Transit...

Japanese Real Estate Investors Returning to U.S. Shores
With little fanfare, Mitsui Fudosan Co. has recently become more active in investing in U.S. real estate, announcing plans to develop several multifamily projects over the next two years, including its first real estate project in Seattle, and appearing...

Two of Mexico’s Top Real Estate Investors Team Up To Acquire U.S. Office Properties
Palisades Mexico Partners (PMP), a joint venture between Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors LLC, and Sergio Argüelles, president/CEO of Monterrey, Mexico-based real estate development company FINSA, has...

Construction of First Hudson Yards Skyscraper Rises to Full Height, VaynerMedia Signs as Latest Tenant
Social media marketing firm VaynerMedia will move its corporate headquarters to 10 Hudson Yards, the first office tower at the redeveloped rail yards to officially reach vertical completion, rising to 52 stories and 895 feet tall. VaynerMedia joins...

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