JLL: Trophy Buildings Boosting Rents Citywide

National Real Estate Investor
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Bank Of America Sells Two Palm Beach Buildings for $6M

Kenneth Slater acquired an office at 220 Sunrise Ave. and the retail building at 138-140 N. County Rd., both in Palm Beach, FL, from Bank of America for $ 6,027,500, averaging about $ 222 per square foot. The two-story office building totals 20,846 square feet and was built in 1986 on
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A Tale of Two Buildings: Gamemaker Zynga’s $228M Purchase Underscores Growth Spurt of Social Networking Cos.

One week after Web-based software maker Salesforce.com cancelled its plans to build a massive office complex in San Francisco leaving investors and city officials puzzled, another highly successful Internet company, Zynga Inc., struck a deal to purchase its corporate headquarters in S
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Ventas Buying Cogdell Spencer and its 72 Medical Office Buildings

Ventas Inc. plans to acquire Cogdell Spencer Inc. and its 72 medical office buildings in an all-cash transaction. At closing, Ventas’ investment, including its share of debt, is expected to range from $ 760 million to $ 770 million, before anticipated transaction expenses. The s
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Fund Invests $650M In Emerging Market for Green Retrofits of Aging Buildings

A business consortium has announced the largest single private-sector investment to date in commercial property energy retrofits and upgrades, providing new impetus to the promise of green technology to create jobs and help jump start the economy. The announcement by the consortium fo
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Beacon Capital Wins Bidding for 14 U.S. Office Buildings

Charter Hall Office REIT in Sydney, Australia, executed binding contracts to sell its interest in 14 U.S. office buildings for $ 1.71 billion to entities affiliated with Beacon Capital Partners LLC. The gross sale price represents a $ 35 million (or 2%) premium to the Dec. 31, 2010, b
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