National Commercial Real Estate News From CoStar Group
Duke Realty Sells Stake in 3.3 Million-SF Portfolio
Indianapolis-based Duke Realty Corp. sold its 20 percent stake in 17 commercial buildings it jointly owned with majority stakeholder Chambers Street Properties. Chambers Street, a Maryland-based REIT, now owns 100 percent of the more than 3.3 million-square-foot portfolio.
The assets include 16 office properties and one warehouse/industrial building. They are:
*The Landings I and II and McAuley Place: three structures totaling...
Google to Double Seattle Area Presence By 2015
Google, Inc. is proposing to construct two new buildings totaling 180,000 square feet as it seeks to double its Kirkland campus operations in Seattle to stay competitive with Amazon and Microsoft as all three companies roll out cloud-based Internet products.
The new buildings will provide space for 1,000 additional workers that Google plans to add in the Seattle area to augment the existing workforce of 1,000 employees at the Internet giant's Kirkland...