Riviera Point Breaks Ground on Office Center

Riviera Point Holdings LLC broke ground on the Professional Center at Riviera Point, a 70,000-square-foot office complex in Miramar, FL. Located at the intersection of University Drive and the Florida Turnpike, the four-acre site will be comprised of two four-story office buildings. T
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G4S Government Solutions Renews 29,000 SF at Fairway Office Ctr

G4S Government Solutions, formerly known as Wackenhut Services, renewed its lease of 28,692 square feet in the Fairway Office Center at 7121 Fairway Dr. in Palm Beach Gardens, FL. Fairway Office Center is a three-building complex totaling 224,000 square feet of office space constructe
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Digital Realty Trust Pays $123M for Dallas Office Park

Digital Realty Trust Inc. (NYSE: DLR) picked up 819,000 square feet at an operating data center and office campus in Lewisville, TX, for $ 123 million or $ 129 per square foot. Brookfield Real Estate Opportunity Fund I sold Convergence Office Center, which is about 40 minutes north of
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American Welding Society Sells Miami Office Bldg

The American Welding Society sold its office building at 550 LeJeune Rd. in Miami, FL for $ 4.6 million, or about $ 99 per square foot. The four-story, 46,338-square-foot office building was constructed in 1971. At the time of sale, the property was vacant. It was the previous home to
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GSH Group Opens NYC Office

National Real Estate Investor
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Landlords Poised to Regain Upper Hand In Recovering Office Market

Office space absorption doubled during 2011 as the office-using job base expanded and vacancies declined across nearly two-thirds of U.S. submarkets, CoStar Group reported this week in its Year-End 2011 Office Review & Outlook. The report presented to CoStar clients found that po
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Beijing’s Office Rents Explode 41% Over Last Year

Beijing, China According to a new report by Jones Lang LaSalle, rent of Grade A office and warehouse property increased throughout the whole of 2011: Office – Continued strong demand and ongoing limited available space has significantly boosted rents. Retail – Strong deman
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TPG/CalSTRS Sells 806,004-SF Office Park in Houston

TPG/CalSTRS LLC, an affiliate of Thomas Properties Group (NASDAQ: TPGI), concluded its sale of Brookhollow Central, an 806,004-square-foot, three-building property in Houston, TX. Parmenter Realty Partners, a Miami, FL-based commercial real estate company, acquired the assets for $ 71
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Real Money: Vornado Refinances Two Manhattan Office Bldgs

Vornado Realty Trust in Paramus, NJ, completed a $ 330 million refinancing of Eleven Penn Plaza, a 1.1 million-square-foot Manhattan office building. The 7-year loan bears interest at LIBOR plus 2.35%, about 2.64%. The loan amortizes based on a 30-year schedule beginning in the fourth
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