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HALL Group to Develop 200,000 SF Office Building in FriscoFRISCO, TEXAS — HALL Group will develop a 200,000-square-foot office building at its flagship campus in Frisco, located north of Dallas, that is in the midst of a $7 billion redevelopment.
Midtown East Office Tower Headed for Foreclosure AuctionThe recent momentum of office leasing near Grand Central Terminal was not enough to save one Midtown East office tower from foreclosure.
Washington Trust Provides $47.6M in Financing for Worcester Office-to-Residential Conversion ProjectWORCESTER, MASS. — Washington Trust Co. has provided $47.6 million in financing for an office-to-residential conversion project in Worcester. The project will convert the former Fallon Community Health Plan headquarters at 10 Chestnut St.
George Comfort & Sons Launches Capital Improvements for 44 Wall StreetGeorge Comfort & Sons, in partnership with Gaedeke Group, announced a capital improvement program for 44 Wall St., a boutique office tower in Lower Manhattan’s Financial District.
Gale Associates Opens Rhode Island Office in ProvidenceConsulting engineering firm Gale Associates, Inc. has opened a Rhode Island office at The Foundry in Providence, a nationally recognized historic landmark and one of the city’s most distinctive commercial campuses.
Matthews Hires Thomas Gammino as Executive Vice President in NYCInvestment sales veteran Thomas Gammino is joining Nashville-based Matthews’ New York City office as an executive vice president, Commercial Observer has learned.
Savills Promotes Allyson Bowen to Vice Chair of NY OfficeSavills is elevating Allyson Bowen to vice chair of its New York office after 22 years at the firm.
BHI Lends $170M on Third Avenue Office-to-Resi ConversionA joint venture between Quantum Pacific Realty and MetroLoft has landed $169.5 million of construction financing to execute an office-to-residential conversion in Midtown East, Commercial Observer can first report.
Representative imageLaw Firm Simpson Thacher Finalizes 916K-SF Lease at Extell’s 570 Fifth AvenueGlobal law firm Simpson Thacher & Bartlett has finalized the largest Manhattan office deal signed in May.
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.
Representative imageManhattan Office Leasing Jumped 17% in May: ColliersFor Manhattan’s office leasing market, it’s the climb. Office leasing activity in the borough jumped 17.3 percent month-over-month in May to 4.24 million square feet leased, according to the latest monthly snapshot report from Colliers.
Representative imageTrexquant Signs 23,000 SF Office Lease in Midtown ManhattanNEW YORK CITY — Trexquant has signed a 23,000-square-foot office lease in Midtown Manhattan. The quantitative finance firm is taking the entire 10th floor at 360 Park Avenue South, a 450,000-square-foot building.
Omnissa Inks 56,202 SF Office Lease at Former IBM Campus in Sandy Springs, GeorgiaSANDY SPRINGS, GA. — Omnissa, a Mountain View, Calif.-based enterprise software company, has signed on as the first major tenant at The Barfield, a two-building, 236,191-square-foot office complex in the Atlanta suburb of Sandy Springs.
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.
Columbia Property Trust Lands 50K SF of Leases in Boston’s Back BayColumbia Property Trust, Inc. has secured six leases totaling more than 50,000 square feet at 116 Huntington Ave., its 273,000-square-foot boutique office building in Boston’s Back Bay district.
Related, Oxford Score $1.4B Refi for 10 Hudson Yards10 Hudson Yards, the Far West Side office tower home to L’Oreal USA, has secured a roughly $1.4-billion refinancing, Bloomberg News reported.
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.
Representative imageHunter Point Capital Signs 46,000 SF Office Lease in Midtown ManhattanNEW YORK CITY — Hunter Point Capital has signed a 46,000-square-foot office lease in Midtown Manhattan. The independent investment firm is taking the entire 15th and 16th floors at 360 Park Avenue South, a 450,000-square-foot building.
Speaker Spotlight: Adam Greene of RXRAdam Greene, Executive Vice President of Development at RXR, joined Commercial Observer’s Future of New York Forum to discuss the future of New York City’s real estate market, including the growing momentum behind office-to-residential conversions, the continued demand for…
Law Firm Taft Will Occupy Full Floor in Durst Midtown TowerThe Durst Organization said Thursday that national law firm Taft signed a lease at 1155 Ave. of the Americas for the entire 16,563-square-foot 24th floor to launch its New York office.