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Office news – page 10
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Representative imageRelated Secures $65M Refi for Office Property in L.A.’s South BayThe owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property.
Fidelity to Move HQ to Boston’s Commonwealth PierFidelity will relocate its official headquarters to South Boston’s Commonwealth Pier as the financial services behemoth preps to return its employees to the office full-time.
Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal SheetAlso this week, a joint venture buys Hamilton Square, an office-to-residential project gets a new partner, and a former Brookfield SVP starts his own law firm.
Center City Office Demand Starts Spilling From Trophy To Class-A Despite Debt IssuesCBRE predicts office vacancy in Philly's CBD will peak this year as more Class-A buildings come under new ownership and sign more tenants.
JLL Arranges Sale of 356,514 SF Office Building in OrlandoORLANDO, FLA. — JLL Capital Markets has arranged the sale of Sea Harbor Office Center, a 356,514-square-foot office building located across from SeaWorld in Orlando.
Tishman Speyer Sells Office Building in Mountain View, California to Spear Street Capital for $121.5MMOUNTAIN VIEW, CALIF. — Tishman Speyer has completed the disposition of 400 Castro Street, a Class A office building in downtown Mountain View, to Spear Street Capital for $121.5 million, or $876 per square foot.
Representative imageCadent Signs 50,017 SF Office Lease in Midtown ManhattanNEW YORK CITY — Cadent has signed a 50,017-square-foot office lease in Midtown Manhattan. The AI-powered predictive advertising company will occupy the entire ninth floor at 2 Park Avenue, a 1.2 million-square-foot building.
BXP Acquires Boston-Area Office Buildings for $30MBoston-based real estate investment trust BXP has acquired a pair of office buildings in Waltham, MA for a total of $30 million following a rezoning of the area. The REIT paid $17 million for 860 Winter St.
Y'all Street Continues To Power Trophy Office Momentum In Uptown DallasY'all Street is powering top-tier office growth in Uptown Dallas, driving high rents and new developments.
346K-SF Newport Beach Office Building Trades HandsGranite Properties sold its 346,300-square-foot office building at 100 Bayview Circle in Newport Beach, California. An L.A. Business First report states the building was 88% leased at the time to 36 tenants.
Reuben Brothers’ Jordana Yechiel On the Firm’s Big Bet on Century CityCentury City has long been one of Los Angeles’ most concentrated office districts, but Reuben Brothers is betting that the area’s next chapter will look far more residential, experiential and luxury-driven.
Baby Boomers Help Push Atlanta Medical Space Rents Above Traditional OfficeBoomers' healthcare needs drive Atlanta medical office rents past traditional office space for the first time since the pandemic.
Investor Duo Inks Refi on 301K-SF Torrance Office PropertyWaterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California.
U.S. Office Sales Show 31% Year-Over-Year GrowthOffice was the only one of the traditional CRE sectors that saw pricing increase and transaction volume grow.
Downtown D.C. Office Conversion Secures $176M Loan, New Majority PartnerOne of Washington, D.C.’s largest office-to-residential redevelopments has secured a new majority partner and $175.6 million in construction financing.
Georgetown Waterfront Office-To-Condo Conversion Lands FinancingOne Street Commercial Properties has inked the capital necessary to turn the 70K SF office building at 3333 K St. NW into 22 for-sale condo units and retail.
Sagehall Picks Up Chetrit Organization’s 428 Broadway for $47MAn entity linked to New York City-based private real estate investment firm Sagehall has purchased Chetrit Organization’s office building at 428 Broadway for $47 million, according to city records filed Thursday.
Granite Sells Historic Dallas Office BuildingGranite Properties has sold Factory Six03, a 215,111-square-foot Class A creative office building located at 603 Munger Ave. in the heart of Dallas’ West End. DealCo was the buyer.
Tishman Speyer Completes $340M Refinancing of West Loop Office ComplexTishman Speyer has refinanced The Franklin, a two-tower office complex in Chicago’s West Loop, with a $340 million CMBS loan. The loan was led by JPMorgan with Bank of America and Deutsche Bank serving as co-lenders.
Representative imageJLL Arranges Loan for Refinancing of 121,115 SF Office Building in Southwest AustinAUSTIN, TEXAS — JLL has arranged a loan of an undisclosed amount for Rollingwood III, a 121,115-square-foot office building in southwest Austin.