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Real Capital Solutions Acquires Minneapolis Office Property for $34MMINNEAPOLIS — Real Capital Solutions (RCS) has acquired 3701 Wayzata Boulevard, a 308,681-square-foot office property in the Urban West End neighborhood of Minneapolis, for $34 million.
Survey Reports Robust Leasing and Design Investments in the Legal Office SectorUnlike many other office-reliant industries, the legal sector is doing quite well due to strong demand for services, continued revenue growth and a commitment to in-person work.
Post Brothers President Matthew Pestronk On D.C.’s $750M Office ConversionOne of the markets that has struggled the most with office real estate’s long post-pandemic correction happens to be home to one of the nation’s biggest conversion projects.
Midtown Office-to-Resi Conversion Secures $480M FinancingMadison Realty Capital originated a $480-million loan to Yellowstone Real Estate Investments for the conversion of 1740 Broadway, a 523,051-square-foot, 27-story office building located along Broadway between 55th and 56th streets in Midtown Manhattan, into a 420-unit luxury…
Madison Realty Capital Lends $480M on 1740 Broadway Office-to-Resi ConversionYellowstone Real Estate Investments has secured a $480 million loan to convert a Midtown Manhattan office building at 1740 Broadway into luxury apartments and condominiums.
Representative imageJLL Arranges Refinancing of Portion of Old Parkland Office Campus in Uptown DallasDALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of six office buildings totaling 288,217 square feet within the historic Old Parkland campus in Uptown Dallas.
Madison Park Development Tops Off on First of Four Parcels in Nubian SquareMadison Park Development Corporation (MPDC) and the Mayor’s Office of Housing topped off construction at the 75 Dudley St. development in Nubian Square.
Law Firm Fenwick & West Signs Lease Extension, ExpansionKoeppel Rosen LLC announced that law firm Fenwick & West, LLP has expanded its office footprint at 902 Broadway with a new 18,200-square-foot lease expansion and extension.
Global Holdings Wraps Work on 99 Park Avenue RepositioningGlobal Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, has completed its $30-million strategic repositioning of 99 Park Ave., a 600,000-square-foot Class A office tower near Grand Central Terminal.
Morgan Stanley Pursuing Uptown Office Tower VentureWhile a decision is not final, Morgan Stanley is considering building an office tower at 2401 McKinney Ave. in Uptown Dallas.
Tucson’s McClure Takes New Role with Western Retail AdvisorsNancy McClure is well known in Tucson as one of the town’s most prolific commercial real estate agents. She is leaving CBRE after spending 36 years with them, and will be in charge of Western Retail Advisors new Tucson office.
GSA Tallies $26B Repair Backlog on Federally Owned Office BuildingsAs the Trump administration moves to sell off federal office buildings, the General Services Administration (GSA) has tallied nearly $26 billion in maintenance needs, Bloomberg News reported. The backlog includes 62 buildings that require repairs costing $100 million or more.
Law Firm to Take Up 7 Floors of Nashville HighriseHolland & Knight has relocated its Nashville office to Symphony Place, one of Nashville’s premier office towers. Occupying seven floors and 145,000 square feet, the Firm will be Symphony Place’s anchor tenant. Highwoods Properties is the building owner.
Bradford Allen Closes 60K-SF Office Lease in LincolnshireBradford Allen has executed a 60,000-square-foot lease with office supply retailer Quill at 300 Tri State International Drive in Lincolnshire, Illinois.
Dallas Office Highrise Hits the MarketThe Newmark Group has the listing for North Dallas’ Hillcrest Tower, a 168,000-square-foot office property at 12720 Hillcrest along Interstate 635. The property is 97% leased.
Representative imageMarcus & Millichap Brokers $7.1M Sale of Two Long Island Office BuildingsROSLYN, N.Y. — Marcus & Millichap has brokered the $7.1 million sale of two office buildings totaling 28,714 square feet in the Long Island community of Roslyn. The buildings sit on a 1.5-acre site at 200-220 S. Service Road.
Investor Offloads Dunwoody Office Park for $27MGrubb Properties sold the 284,000 square foot Park at Perimeter Center East to Network Realty Partners for $27.15 million. The Atlanta Business Chronicle reports Grubb is moving its Atlanta office from that Dunwoody property to an office it owns at 2400 Lake Park Drive in Smyrna.
The Malin Establishes NoHo Presence with GFP Real EstateThe Malin, a hospitality-driven workspace operator, has signed a long-term lease for the entire fifth floor at GFP Real Estate’s 10 Astor Place in NoHo. The tenant will occupy approximately 19,400 square feet at the historic office property under a 15-year lease.
2 Park Avenue Signs 165K SF of Office LeasesJLL arranged 165,361 square feet in a series of leasing transactions at 2 Park Ave., a 1.2-million-square-foot Midtown South office tower owned by Hadson Realty, the real estate arm of privately held fashion company Haddad Brands.
Flexible Office Operator Kiln Signs on for Full Floor at OCVIBE’s The WeaveOCVIBE, a 100-acre mixed-use district under development in Anaheim, said Monday that Kiln, a hospitality-driven coworking and flexible office operator, has committed to a full floor at The Weave, OCVIBE’s mass timber office building.