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Office: deals – page 11
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CBRE Represents TPG Angelo Gordon in Sale of Offices on Long Island’s North ShoreThe CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer, in collaboration with Philip Heilpern of CBRE’s Long Island office, completed the $22.5-million sale of the leasehold interest in 50 Jericho Quadrangle in Jericho, NY.
Representative image601W Secures $132M to Buy Brookfield’s Downtown L.A. Office TowerAnother of the last few towers that once made up Brookfield’s expansive but distressed office portfolio in Downtown Los Angeles has a new owner.
601W Acquires 1.4M-SF DTLA Office Tower at Steep DiscountNorthwind Group, a Manhattan-based real estate private equity firm and debt fund manager, originated a $132-million first-mortgage acquisition loan secured by 333 S.
Representative imageJLL Negotiates 75,000 SF Office Lease at APEX at Legacy in PlanoPLANO, TEXAS — JLL has negotiated a 75,000-square-foot office lease at APEX at Legacy, a 220,000-square-foot building located at the intersection of Dallas North Tollway and Sam Rayburn tollways in Plano.
Olmstead, Vertex Acquire Repositioned 1916-Vintage Midtown OfficesOlmstead Properties, in partnership with Vertex, has acquired 19 W. 44th St., a 302,000-square-foot Midtown Manhattan office property, for an undisclosed price. The seller was Savanna, represented by Will Silverman of Eastdil Secured.
Roadside Development, Hudson Bay Capital Acquire Bethesda TowersRoadside Development, in partnership with Hudson Bay Capital, announced the acquisition of Bethesda Towers, a 600,000-square-foot, three-building office campus in downtown Bethesda, Maryland. The seller, Moore & Associates, will continue to oversee property management.
Olmstead Buys 19 West 44th Street From Savanna at a 45% HaircutSavanna has sold 19 West 44th Street for a steep loss nearly nine years after acquiring the 18-story Midtown Manhattan office building for $195 million, Commercial Observer has learned.
Representative imageKislak Negotiates $10M Sale of Northern New Jersey Office BuildingPARSIPPANY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $10 million sale of a 131,346-square-foot office building in the Northern New Jersey community of Parsippany. The building sits on an eight-acre site at 959 U.S. Route 46.
Representative imageSoJo Spa Owner Buys Office and Retail Building at 893 Broadway for $31MSoJo Spa Club owner Hyun Jun An has purchased 893 Broadway in Manhattan’s Flatiron District for $31 million, according to property records made public Wednesday.
CBRE Arranges Sale of 53K-SF Office, Surgical Center Lease in PennsylvaniaCBRE has arranged the sale of 1600 Manor Drive, a 52,622-square-foot office and surgical center located within the New Britain Corporate Center in Chalfont, Pennsylvania. Pruthi Properties purchased the property from an affiliate of Equus Capital Partners, Ltd. for $12 million.
Santa Clara Office and R&D Campus Trades for More Than $300MEllis Partners and Boston-based investment manager The Baupost Group have finalized the purchase of Great America Commons, a pair of Class-A office and R&D buildings totaling approximately 635,000 square feet and located at 4555-4655 Great America Pkwy. in Santa Clara.
Cushman & Wakefield Brokers Sale of 87,030 SF Multi-Tenant Office Building in PhoenixPHOENIX — Cushman & Wakefield has arranged the sale of Fairmount Place, an 87,030-square-foot office property in Tucson. First & Center LLC sold the asset to Albuquerque SNF LLC for $11.5 million. Located at 4001 N. 3rd St., the four-story building is divided into 31 suites.
Chinatown Service Center Acquires 25,320 SF Office Building in San Gabriel, CaliforniaSAN GABRIEL, CALIF. — Chinatown Service Center, a nonprofit, has purchased an office building located at 526 W. Las Tunas Drive in San Gabriel from 211 LA for $8.2 million.
87K-SF Phoenix Office Building Trades in PhoenixCushman & Wakefield represented First & Center LLC in the sale of Fairmount Place, located at 4001 N. 3rd St. in Phoenix. Albuquerque SNF (Skilled Nursing Facility) acquired the property for $11.5 million.
Koeppel Rosen Negotiates Five Leases in Midtown SouthKoeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, secured five new office leases totaling 15,474 square feet at 1261 Broadway, an 11-story building in Manhattan’s Midtown South neighborhood.
Representative imageColliers Brokers $5.2M Sale of Vacant Office Building in Parsippany, New JerseyPARSIPPANY, N.J. — Colliers has brokered the $5.2 million sale of a vacant office building in the Northern New Jersey community of Parsippany. Automotive insurance company DOWC previously occupied the three-story building at 199 Pomeroy Road, which according to LoopNet Inc.
SL Green Sells 49% Stake in 346 Madison Avenue to Mori Building Co.SL Green Realty has sold a 49 percent stake in 346 Madison Avenue to Japanese developer Mori Building Company at a gross valuation for the office tower of $175 million, SL Green announced Wednesday.
DFW Land Acquires 120K-SF Dallas Office PropertyNorthwood Investors sold 8020 Park Lane, a 120,923-square-foot Class A office property located within The Shops at Park Lane mixed-use district in Dallas, Texas, to buyer DFW Land. The transaction follows DFW Land’s prior acquisition of 8070 & 8080 Park Lane.
Tampa Developer Razing Offices, Building Condos/Hotel RoomsStock Development began demolition of the office building at 601 N. Ashley Drive to build a 40-50-story, luxury condominium tower that will also include hotel rooms. The Tampa Bay Business Journal reports the company paid $40 million for the property in 2025.
Capstone Equities Acquires 140 Crosby Street for $51MCapstone Equities has taken ownership of a SoHo office building after moving to foreclose on it last year.