News

March 12, 2017

Office Lease Up (March 13) Blue Shield Signs 200,000-SF Lease in Planned Move from San Francisco to Oakland

In one of the largest office leases in Oakland on record, Blue Shield of California will move its corporate headquarters into 200,000 square feet at 601 City Center, a project finally under development by Shorenstein Properties and MetLife Inc. after b…

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March 10, 2017

CoStar’s People of Note (Mar. 10)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: New York City, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tuc…

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March 9, 2017

Edens Breaks Ground on New Mixed-Use Development in Old Town North

Columbia, SC-based retail real estate developer Edens broke ground yesterday on a new mixed-use development to be constructed in the Old Town North area of Alexandria, VA. Located at 530 First St., the project will incorporate 232 apartments and app…

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March 9, 2017

Transwestern Bolsters DC Brokerage with Team from HBW Group

Transwestern expanded its tenant and landlord advisory service lines in the Mid-Atlantic with the hiring of four brokers from Rockville, MD -based general contractor, HBW Group. Ethan Bernardi joins Transwestern as senior vice president. The 18-year…

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March 8, 2017

Greystone Rolling Out its First CMBS Offering

Greystone, a New York-based multifamily and health care finance firm, is preparing to roll out its first loan securitization offering. A subsidiary, Greystone Bridge Holdings Inc., will be offering a commercial mortgage backed securities offering ca…

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March 7, 2017

Washington Property Co. Gears Up for Fourth Solaire-Branded Multifamily Development

Washington Property Co. (WPC) will soon break ground on the latest in a string of Solaire-branded developments and its second in the Ripley District in Silver Spring, MD. Standing 20 stories tall, Solaire 8250 Georgia Ave. will consist of 338 studio…

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March 7, 2017

Regency Centers to Develop New Wegmans-Anchored Retail Project in Chantilly

National shopping center owner, operator and developer Regency Centers Corp. (NYSE: REG) has begun construction on a new 180,000-square-foot retail development at the intersection of US-28 and Westfields Blvd. in Chantilly, VA. Named The Field at Co…

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March 7, 2017

IBM Renews +22,000 SF in Reston

International Business Machines Corp. (IBM) has agreed to stay in its offices at 11107 Sunset Hills Rd. in Reston, VA. IBM will continue to occupy 22,639 square feet on the fifth and sixth floors of the building. The six-story building totals 101,1…

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March 6, 2017

Law Firm O’Donoghue & O’Donoghue Leases Top Floor of Chevy Chase Plaza

The top floor of Chevy Chase Plaza, a 250,155-square-foot, nine-story office building located at 5301 Wisconsin Ave. NW in Washington D.C.’s Friendship Heights area, has been leased by the law firm of O’Donoghue & O’Donoghue. The firm’s new 16,809-square-foot office allows for up to 30 windowed offices and includes private terraces. Located on the corner of Wisconsin Ave. NW and Jenifer Street NW, the building incorporates a contemporary design…

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March 3, 2017

Lee & Associates Targeting Several East Coast Markets for Expansion

Lee & Associates CEO Jeffrey Rinkov said his firm is committing additional resources and tapped one of its top broker-owners to direct a major push to expand its East Coast presence. According to Rinkov, the firm’s primary recruiting focus will be in Boston, Washington D.C., Charlotte, Raleigh Durham and Miami, with plans to increase market share in another dozen or so Eastern US markets over the next two years. The Los Angeles-based broker…

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