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Goldberg Sells Union Center Plaza Office Space Building for $90 Million

Filed under: Commercial Real Estate News, Office Blog — meena @ 3:53 am

First Potomac REIT has recently picked up 248,576-SF of office space in an off-market deal with Stephen A. Goldberg Co.
Bethesda, MD-based owner/developer Stephen A. Goldberg Company recently sold a 12-story, 248,576-square-foot office space property that is located at 840 First Street NE in Washington, DC, to First Potomac Realty Trust for $90 million ($362 per [...]

PNC Bank Becomes Largest Office Space Tenant at Chicago’s One North Franklin

Filed under: Commercial Real Estate News, Office Blog — meena @ 3:14 am

In a recent lease expansion, PNC Bank is set to occupy 116,000 square feet of office space in Chicago’s One North Franklin, making the company the building’s largest tenant.
PNC Bank has recently expanded, extending the company’s lease at downtown Chicago’s One N. Franklin – with the plans to occupy approximately 116,000 square feet by the [...]

After Regaining Florida Office Spaces, Grubb & Ellis Exploring Possible Company Sale

Filed under: Commercial Real Estate News, Office Blog — meena @ 3:09 am

After reacquiring its Tampa and Orlando office spaces, Grubb and Ellis is looking into potential strategic alternatives for the company’s future, including the sale of the entire company.
In November 2010, the commercial real estate advisory firm Grubb & Ellis reacquired the Tampa and Orlando office spaces, which had previously been changed/converted to independent affiliates from [...]