National Commercial Real Estate News From CoStar Group
Taconic Acquires Historic Movielab Bldg in West 50s Neighborhood
Taconic Investment Partners LLC has acquired the former Warner Brothers "Movielab" Building at 619 W. 54th St. in New York City for $112 million, or about $343 per square foot, from KBS Realty Advisors.
The 10-story, 326,863-square-foot creative office building was constructed in 1930 as a film editing and processing facility. Today the building is nearly 92 percent occupied by tenants in a range of industries including media, advertising, fashion...
Excel Trust Closes on $263M Retail Portfolio
Excel Trust, Inc. (NYSE: EXL), a real estate investment trust specializing in community and power centers and grocery-anchored neighborhood retail, has acquired six shopping centers for approximately $262.8 million. The portfolio includes a single property in Richmond, VA and five retail properties in Orlando, FL.
West Broad Village in Richmond is a mixed-use center with 385,897 square feet of retail and commercial space, with an additional 339...
US Bancorp Renews 400,000-SF Lease
U.S. Bancorp has renewed its 395,493-square-foot headquarters lease at 800 Nicollet Mall in Minneapolis, MN. The ten-year deal will commence in June 2014.
US Bancorp Center is a 30-story, 1.03 million-square-foot, class A office building located on 1.2 acres in Minneapolis's central business district. The building was constructed in 2000, and US Bancorp has occupied space in the office tower ever since. The property features a noteworthy indoor...