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Office news – page 37
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ATG Entertainment Expands to 19K SF at GFP’s 630 Ninth AvenueGFP Real Estate has signed three new deals at its 630 Ninth Avenue office building, also known as the Film Center Building, totaling 24,815 square feet, the landlord announced Thursday.
Sugar Land Developer Reveals Groundbreaking Date for Office-to-Hotel ConversionOn June 4, SLTX Capital plans to begin working to transform the century-old Scanlan building at 405 Main St. downtown into a 140-room hotel with an accompanying restaurant and bar. The hotel will be called Canopy by Hilton Houston Downtown.
Dwight Capital Finances $114M Multifamily HUD Loan in WisconsinDwight Capital has closed a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, an existing 34-story office building, into a 373-unit luxury apartment community.
JBG Smith Begins Office-to-Residential Conversion Project in Metro D.C.ARLINGTON, VA. — JBG Smith and general contractor Davis Construction have begun the conversion of 2200 Crystal Drive, an 11-story office building in Arlington spanning 315,000 square feet.
Law Firm Taft Inks 17K SF at Durst’s 1155 Avenue of the Americas for First NYC OfficeNational law firm Taft has chosen the Durst Organization’s 1155 Avenue of the Americas for its first New York office.
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.
Representative imageBrightTower Signs 13,857 SF Office Lease in Midtown ManhattanNEW YORK CITY — BrightTower has signed a 13,857-square-foot office lease in Midtown Manhattan. The local investment bank and capital markets advisory firm will relocate and expand from its space at 110 E. 25th St.
Representative imageThe Window for Seizing on New York’s Class B and C Office Rebound Is ClosingFor years, the narrative surrounding New York City’s Class B and C office market was overwhelmingly negative. Vacancy was rising. Leasing activity was sluggish. Remote work was ascendant. Institutional lenders were retreating. Distressing headlines dominated the conversation.
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.
Representative imageMedia Company Versant Expands to 250K SF at Former NY Times BuildingNew media company Versant is expanding its former “summer camp” office swing space at 229 West 43rd Street and making it permanent, Commercial Observer has learned.
Lone Star Partners with Harvest Properties to Recapitalize San Francisco’s 600 CaliforniaHarvest Properties and an affiliate of Lone Star Funds have formed a joint venture to recapitalize 600 California St., a 360,000-square-foot Class A office tower in San Francisco’s Financial District.
$300 a Square Foot for a Manhattan Office Is Losing Its Shock ValueThe path to $300-per-square-foot office taking rents in Manhattan began with a glimpse toward the future.
Representative imagePartners Real Estate Brokers Sale of 114,525 SF Office Building in Northeast DallasDALLAS — Partners Real Estate has brokered the sale of a 114,525-square-foot office building in northeast Dallas. According to LoopNet Inc., the seven-story building at 6500 Greenville Ave. was constructed in 1981 and renovated in 2000.
Representative imageCushman & Wakefield | PICOR Brokers $3.3M Sale of Office Building in TucsonTUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 52,000-square-foot office building located located at 100-150 N. Tucson Blvd. in Tucson. Tucson Sam Hughes LLC acquired the asset from Eria LLC for $3.3 million.
Dwight Capital Provides $114M HUD-Insured Loan for Office-to-Apartment Conversion in MilwaukeeMILWAUKEE — Dwight Capital has provided a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, a 34-story office building in Milwaukee, into a 373-unit luxury apartment community.
Family Office Collective Teams with Delshah, A.M. Properties on Midtown Office CondoREALM, in partnership with Delshah Capital and A.M. Properties, has acquired CitySpire, a 377,000-square-foot office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown Manhattan.
Consumer Cellular Leasing 123K-SF Phoenix Office BuildingConsumer Cellular’s Phoenix contingent will be moving into the 123,340-square-foot 8501 Raintree office building in north Scottsdale. The company will bring call center workers, marketing, technical, executive and administrative teams to its new office building.
Three Tenants Sign Office Leases Totaling 36,548 SF at Frisco StationFRISCO, TEXAS — Three tenants have signed office leases totaling 36,548 square feet at Frisco Station, a 242-acre mixed-use development located north of Dallas.