Booz Allen Takes 142,100 SF in DC, VA
March 30th, 2010Booz Allen Hamilton Inc. secured two office leases totaling 142,073 square feet in the Washington, DC, market.
In the biggest deal, the consulting firm signed for 112,078 square feet at Dulles Overlook at 575 Herndon Parkway in Herndon, VA.
An investment…
Regions, and CEO, Feel the Pain in Florida
March 30th, 2010The financial crisis exposed Regions and its chief executive to one of the nation’s worst real-estate markets.
Year’s First CMBS Deal Arrives
March 30th, 2010RBS plans to sell a $500 million security backed by commercial mortgages, the first deal of its type to come to market this year.
PCCP Rides Troubled Lehman Funds Acquisition to National Prominence
March 30th, 2010Following a 13-month competitive bidding process, PCCP, LLC recently took over two Lehman Bros. private-equity mezzanine funds with more than $2 billion in assets. The transaction involving the collapsed New York investment house instantly made the California…
Investors Win on REIT Path
March 30th, 2010Investors seeking high yields were active buyers of real-estate stocks during the first quarter, sending share prices higher despite the industry’s weak economic fundamentals.
Nakheel Chairman Replaced
March 30th, 2010The Dubai government replaced Sultan Ahmed bin Sulayem as chairman of Nakheel, the property developer that the city-state is restructuring along with its one-time parent Dubai World.
Henderson to Build Up Landbank
March 30th, 2010Henderson Land said it intends to increase its development land holdings in Hong Kong in light of its positive view of the city’s property market.
In The Pipeline: CoStar Development and Construction News for March 28-April 3
March 30th, 2010This week’s In The Pipeline focuses on health care — where activity remains brisk, in both the legislative and property development arenas. Much more rare is new development in Harvard Square, where Jones Lang LaSalle says it has landed a leasing assignment…
Cornerstone Sold Three Ballston Plaza for $121.3M
March 29th, 2010Cornerstone Real Estate Advisers LLC sold Three Ballston Plaza, a 304,166-square-foot office property in Arlington, VA, to AEW Capital Management LP for $121.25 million, or approximately $399 per square foot. There were no sale conditions.
Three Ballston…
Cornerstone Sold Three Ballston Plaza for $123M
March 29th, 2010Cornerstone Real Estate Advisers LLC sold Three Ballston Plaza, a 304,166-square-foot office property in Arlington, VA, to AEW Capital Management LP for $123 million, or approximately $398 per square foot.
Three Ballston is a 20-year-old, 16-story…
