Office news – page 34

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LendingOfficeBSD, KSR Recapitalize 370 Lexington Ave. for $138MJun 9, 2026Broad Street Development (BSD) and KSR Capital completed the refinancing and recapitalization of 370 Lexington Avenue, a recently modernized 317,000-square-foot office tower in Manhattan’s Grand Central submarket. The $138-million recapitalization pays off lender Invesco.DealOfficeNonprofit Embrace Boston Plans Redevelopment of Two Downtown Crossing PropertiesJun 9, 2026Avison Young brokered the sale of two adjoining office buildings totaling 34,300 square feet and located at 33-41 West St. in Boston’s Downtown Crossing for $9.55 million. Principals Brandon Dickason and Jeff Gates represented the buyer, Embrace Boston.DealOfficeCity of San Francisco Adds More Than 500K SF to Footprint at Hudson Pacific Office TowerJun 9, 2026The City of San Francisco is more than doubling its presence at 1455 Market St., an office tower once home to Uber.OfficeAI Firm Altana Relocates and Expands to 62K SF at Vornado’s Penn 2Jun 9, 2026The New York Knicks and the San Antonio Spurs weren’t the only ones making moves in Manhattan’s Penn District this week, as an artificial intelligence data firm quadrupled the size of its headquarters in a relocation to the neighborhood from one of Brooklyn’s premiere office…DealOfficePartnership Acquires 549,170 SF Pinnacle Tower Office Building in North DallasJun 9, 2026DALLAS — A partnership between Estein USA and Vanderbilt Office Properties has acquired Pinnacle Tower, a 549,170-square-foot office building in North Dallas. The seller was New York Life.Representative imageTenantsOfficeHudson Cos., Broadway Builders Sign 18,200 SF Office Lease in Manhattan’s Flatiron DistrictJun 9, 2026NEW YORK CITY — The Hudson Cos. Inc. and its affiliate, Broadway Builders LLC, have signed an 18,200-square-foot office lease in Manhattan’s Flatiron District. The joint tenancy will occupy the entire 12th floor at 902 Broadway under an 11-year lease.OfficeVocon’s Tom Vecchione Is Ahead of the Changes in Office DesignJun 9, 2026New York City’s office market has ebbed and flowed a lot over the past 40 years, but Vocon’s Tom Vecchione knows how to navigate the shifting seas.Representative imageOfficeIn Life Sciences Real Estate, Times Are Tough. That Spells Opportunity for Some.Jun 9, 2026The life sciences market has been sailing into a perfect storm since the pandemic, when lab space was flying off the shelves and investors began staking a claim in the asset class as a hedge against vacancies in office and retail.TenantsOfficeJodi Poirier Elevated to Lead Combined U.S. Office Leasing Platforms at ColliersJun 8, 2026Colliers U.S. said Monday that Los Angeles-based Jodie Poirier has been appointed as president, Occupier Services & Agency Leasing | U.S. to oversee both its occupier and agency leasing businesses.DealOfficeCBRE Represents TPG Angelo Gordon in Sale of Offices on Long Island’s North ShoreJun 8, 2026The 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.TenantsOfficeMedia Agency Mediaplus Group Signs 10K-SF Lease at 432 Park Avenue SouthJun 8, 2026A media consulting firm is doubling the size of its New York City office with a new headquarters on Park Avenue South, Commercial Observer has learned.LendingOfficeBroad Street Development and KSR Capital Seal $138M Recap for 370 Lexington AvenueJun 8, 2026Broad Street Development has closed a $138 million refinancing and recapitalization of 370 Lexington Avenue, a 317,000-square-foot office tower in Midtown Manhattan, Commercial Observer has learned.Representative imageDealOffice601W Secures $132M to Buy Brookfield’s Downtown L.A. Office TowerJun 8, 2026Another of the last few towers that once made up Brookfield’s expansive but distressed office portfolio in Downtown Los Angeles has a new owner.DevelopmentOfficeCraig International Helming $200M McKinney Office RedevelopmentJun 8, 2026Craig International won the bid to redevelop the former Globe Life corporate headquarters locaed at 3700 S. Stonebridge Drive in McKinney, TX.DealOffice601W Acquires 1.4M-SF DTLA Office Tower at Steep DiscountJun 8, 2026Northwind 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 imageDealOfficeJLL Negotiates 75,000 SF Office Lease at APEX at Legacy in PlanoJun 8, 2026PLANO, 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.TenantsOfficeResnick Secures 117K SF of Office, Retail Leases at 250 Hudson St.Jun 5, 2026Jack Resnick & Sons secured 119,000 square feet of new office and retail leases at 250 Hudson St., bringing occupancy at the Hudson Square office tower to 99%.DealOfficeOlmstead, Vertex Acquire Repositioned 1916-Vintage Midtown OfficesJun 5, 2026Olmstead 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.DealOfficeRoadside Development, Hudson Bay Capital Acquire Bethesda TowersJun 5, 2026Roadside 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.DealOfficeOlmstead Buys 19 West 44th Street From Savanna at a 45% HaircutJun 5, 2026Savanna 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.