NEW YORK
Boston Properties to Acquire 510 Madison
By Andrew Deichler
Boston Properties said last week that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe.
The REIT has agreed to a purchase price equal to…
Full article: CoStar’s Deals of Note (Aug. 29 - Sept. 4) ...
SOUTH FLORIDA
Sunstone Picks Up Royal Palms Hotel for $117M
By Heather Sellers
Sunstone Hotel Investors acquired the Royal Palm Hotel at 1545 Collins Ave. in Miami Beach at a foreclosure auction.
The gross purchase price was $126.1 million,…
Full article: CoStar’s Deals of Note (Aug. 22-28) ...
Net absorption for the overall Birmingham office market was negative (1,674) square feet in the second quarter 2010. That compares to negative (133,579) square feet in the first quarter 2010, negative (53,135) square feet in the fourth quarter 2009, and…
Full article: MARKET TREND: Birmingham’s Office Net Absorption is Negative in Q2 ...
NEW YORK
Allianz Global Investors Leases 213,000 SF at 1633 Broadway
By Esther Prince
Allianz Global Investors signed a 20- year lease for 213,000 square feet at 1633 Broadway in Manhattan. The German financial services company is taking floors…
Full article: CoStar’s Deals of Note (Aug. 15-21) ...
The office vacancy rate in the Birmingham market area was 10.8% at the end of the second quarter 2010. The vacancy rate was 10.8% at the end of the first quarter 2010, 10.5% at the end of the fourth quarter 2009, and 10.4% at the end of the third quarter…
Full article: MARKET TREND: Birmingham’s Office Vacancy Holds Steady in Q2 ...
The office vacancy rate in the Birmingham market area was 10.8% at the end of the second quarter 2010. The vacancy rate was 10.8% at the end of the first quarter 2010, 10.5% at the end of the fourth quarter 2009, and 10.4% at the end of the third quarter…
Full article: MARKET TREND: Birmingham’s Vacancy Holds Steady in Q2 ...
LONG ISLAND
Long Island Apartment Portfolio Sells for $229.8M
By Esmerelda McKie
In the Long Island Market’s largest multifamily transaction this year, Eagle Rock Management LLC acquired seven apartment communities totaling 1666 units in Carle…
Full article: CoStar’s Deals of Note (Aug. 8-14) ...
During the second quarter 2010, no new space was completed in the Birmingham market area. This compares to one building totaling 6,322 square feet that was completed in the first quarter 2010, nothing completed in the fourth quarter 2009, and 76,000 square…
Full article: MARKET TREND: Birmingham’s Office Deliveries and Construction in Q2 ...
During the second quarter 2010, no new space was completed in the Birmingham market area. This compares to one building totaling 6,322 square feet that was completed in the first quarter 2010, nothing completed in the fourth quarter 2009, and 76,000 square…
Full article: MARKET TREND: Birmingham’s Deliveries and Construction in Q2 ...
CHICAGO
KBS Acquires 300 N LaSalle for $655 Million
By Andrew Deichler
In Chicago’s largest commercial real estate transaction this year, KBS REIT II has acquired 300 N LaSalle St. for $655 million, or $503 per square foot, according to an SEC filing…
Full article: CoStar’s Deals of Note (Aug. 1-7) ...