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Department of Defense Inks 24K-SF Deal at Former Long Island HQ of 1-800-FlowersThe U.S. Department of Defense is opening a new regional office in the Long Island hamlet of Carle Place, N.Y. The department, which is seeking approval this year from Congress to rebrand as the Department of War, signed its new lease at 1 Old Country Road in Nassau County.
Ben Brown, Brookfield’s Real Estate Chief, On REITs, Housing, Office and HospitalityBen Brown is the first to admit it: “I drink my own Kool-Aid.” Brown is co-president and head of real estate in the Americas for Brookfield — and, if you were going to drink a company’s Kool-Aid, you couldn’t do much better.
Revealed: The Banks Powering Private Credit's CRE Lending BoomMichael Lavipour still remembers the bank office where executives laughed him out of the room. It was 13 years ago, and the head of lending for Affinius Capital was on the hunt for a credit facility to support the investment management firm’s real estate...
Representative imageSPORTFIVE Signs 18,038 SF Office Lease in Midtown ManhattanNEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building.
NAI Hallmark Arranges $14.7M Sale of Butler Pointe Office Building in JacksonvilleJACKSONVILLE, FLA. — NAI Hallmark has arranged the $14.7 million sale of Butler Pointe, a five-story, 151,815-square-foot office building located at 4500 Salisbury Road in Jacksonville.
Tristan Lends Goldman And Edge JV £340M To Complete London OfficeTristan Capital Partners has provided £340M in senior real estate debt to a joint venture between Goldman Sachs Alternatives and Edge Technologies to refinance the existing construction facility and fund the remaining costs to complete Edge London Bridge. Edge...
Midwood Buys Mixed-Use Building Across From Former Downtown Brooklyn Macy’sA four-story office and retail building across the street from the former Macy’s department store in Downtown Brooklyn has traded, Commercial Observer has learned.
Denver Office Market Posts Best Absorption In 4 YearsDenver’s office market is still recovering from the pandemic, but second-quarter reports indicate it is shifting toward stabilization with positive net absorption. Office tenants took approximately 119,700 SF more than they vacated in Q2, according...
Rubicon Point Acquires Three-Building Office Complex Near Apple HeadquartersRubicon Point Partners (RPP) has acquired Wolfe Square, a Class A, 117,795-square-foot multi-tenant office and medical campus located adjacent to Apple’s global headquarters in Cupertino.
Fashion Platform Orly Inks 20K-SF Office Lease at 20 West 33rd StreetConsumer products and fashion platform Orly has leased 20,014 square feet of office space at 20 West 33rd Street in Midtown South, according to the landlord broker. The deal, first reported by Traded, was signed with landlord JLA Home two weeks ago.
Austin Office Tower Trades for $151MBrandywine Realty Trust sold downtown Austin’s 405 Colorado tower for $151 million. Chris Price at Partners was quoted in LinkedIn saying the buyer was Hines and that the 25-story tower is 100% leased.
Hines Pays $151M To Buy Austin Office Tower From BrandywineHines is returning to the office market with a $151M bet on Austin. The global real estate investment management giant acquired a 206K SF office at 405 Colorado St. from Brandywine Realty Trust as it selectively targets trophy office assets with high...
Brookfield Eyes Stake In $3.5B Manhattan Office CampusBrookfield is in talks to take a 10% stake in Hudson Square Properties, a 13-building office complex on the West Side of Manhattan. The deal would value the 6.2M SF campus, which is positioning itself as a nucleus for tech and media tenants in the city,...
Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5MNEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million.
Representative imageEnergy Capital Partners Signs Office Lease Expansion in Lower ManhattanNEW YORK CITY — Energy Capital Partners has signed an office lease expansion in Lower Manhattan.
CP Group Signs 35,000 SF of Leases at CapRock Office Campus in Bethesda, MarylandBETHESDA, MD. — CP Group, along with a fund managed by DRA Advisors, has signed six leases over the past three months at CapRock, a 709,313-square foot office property located in Bethesda.
DC Office Market Shows Renewed MomentumWashington, D.C.’s office market saw renewed leasing momentum in Q2, led by several large law firm transactions after a slower start to the year, according to a recent report by Colliers.
Bowser Unveils Suite Of Proposals To Revamp D.C. Housing PolicyD.C. Mayor Muriel Bowser is leaving office in six months, but she’s full steam ahead on her effort to revamp the city’s housing policy.
Representative imageAI Tenants’ Office Demand Surges 85% Year-Over-YearArtificial intelligence companies’ demand for office space has increased 85% year-over-year, VTS reported.
PGIM Sells Coral Gables Office Campus for Nearly $100MPGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capital were the buyers of the 348,473-square-foot property.