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Development
Pittsburg to Connect East End AI Corridor
Throughout the last few years, Pittsburgh has been proving itself as one of the most determined comebacks in the U.S. Rust Belt; one of the top mid-sized cities for green commuting; one of this year’s most affordable metros for Millennials…
Notable Closings from Orange County to Midtown Manhattan
This quarter, record-breaking sales abound—from a private seaside compound in Laguna Beach to a historic townhome in New York City, with significant sales in Beverly Hills and Dallas…
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Commercial
Vornado Lands Long-Term Lease at Manhattan Tower
Vornado acquired the asset at 250 W. 34th St. in 1998 for $410 million, according to CommercialEdge. It has since invested an additional $450 million in the redesign and repositioning of PENN 1 and PENN 2. Photo courtesy of Vornado…
DC Office Investment Picked Up Steam in 2024
Washington, D.C.’s office sector ended last year with mixed fundamentals, according to the latest CommercialEdge data. The investment sector saw heightened activity…
Transwestern Buys 1.2 MSF Distribution Center Near Savannah
Building C came online two years ago and features 212 dock-high loading doors and four drive-in doors. Image courtesy of JLL Transwestern…
Life Science Group Opens $100M Center in Michigan
After acquiring 16 acres, Sartorius broke ground on the Center of Excellence in Ann Arbor, Mich., in June 2022. Image by Melanie…
Prescott Group Lands HQ Lease in Houston
An old-school data center building in Houston is getting an upgrade, and coincidentally, the latest tenant to sign is Ezee Fiber, which…
Norges Bank Pays $977M for Office Portfolio
Nuveen Real Estate purchased 501 Boylston St. from Broadway Partners for $370.5 million back in 2007, according to CommercialEdge. Image courtesy of…
Westmount Realty Buys Chicago Portfolio
Westmount Realty Capital has acquired nine light industrial properties in the Chicago metropolitan area. The sellers, Unilev Capital and Mandalay Industrial, were…
PG&E Completes $906M HQ Purchase
Formerly known as Kaiser Center Tower, the property at 300 Lakeside Drive rises 28 stories. Image courtesy of CommercialEdge Pacific Gas and Electric Co. has completed the acquisition of its headquarters building at 300 Lakeside Drive, a 910,000-square-foot office tower…