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Office news – page 46
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Representative imageStoneX Signs 21,904 SF Office Lease Expansion in Midtown ManhattanNEW YORK CITY — StoneX has signed a 21,904-square-foot office lease expansion in Midtown Manhattan. The global financial services firm is taking additional space on the 32nd floor at 230 Park Avenue, bringing its total footprint to 94,742 square feet.
Related California, McCourt Forge JV for San Francisco Office/Hotel TowerRelated California said Monday it has formed a joint venture with Los Angeles-based McCourt Partners to develop the Jackson, a 41-story office and hotel tower planned for 530 Sansome St. in San Francisco.
Spear Street Capital Acquires Office Property at 74 Eighth Avenue for $51MSpear Street Capital, an operator of office properties in the U.S., Canada and Europe, has purchased a 10-story office building in Manhattan’s West Village for $50.5 million, property records made public Friday show.
AI Firm Adaptive Security Subleases BarkBox’s 51K-SF Office at 120 BroadwayDog treat and toy subscription company BarkBox is subleasing its 51,220-square-foot office in Manhattan’s Financial District to a cybersecurity firm, Commercial Observer has learned.
Joint Venture Breaks Ground on 300,000 SF Office, Retail Project in Uptown DallasDALLAS — A joint venture that includes BDT & MSD Partners, Trammell Crow Co. and The Retail Connection has broken ground on Knox & McKinney, a 300,000-square-foot office and retail project in Uptown Dallas.
Representative imageWelcome Group Opens New Office Headquarters in Uptown HoustonHOUSTON — Local developer Welcome Group has opened a new, 18,445-square-foot office headquarters in Uptown Houston. The space, which is located on the 12th floor of the roughly 275,000-square-foot building at 515 Post Oak Blvd., represents an expansion for Welcome Group.
PGIM Furnishes Loan to Refinance Beacon Capital’s One Brattle SquarePGIM’s real estate business has provided a $58.5-million floating-rate loan to refinance One Brattle Square, a mixed-use office and retail property in Cambridge, MA. The core loan was provided to an affiliate of Beacon Capital Partners.
Cushman & Wakefield Hires Dr. Miguel Rodriguez as Head of Data Science, Geospatial AnalyticsCushman & Wakefield announced that Dr. Miguel Rodriguez has joined the firm as Head of Data Science & Geospatial Analytics, based in the firm’s Washington, D.C. office.
CSC Real Estate Secures $108M Construction Loan for Conversion at 770 Second AvenueOffice-to-residential conversion mania still has a firm hold on Manhattan.
Southern Land Starts Work on Upper Kirby Office, Apartment ProjectSouthern Land Company broke ground on its first Houston development at 2811 Kirby Drive in the Upper Kirby district.
JLL Arranges Sale of 458,617 SF Office Campus in Jacksonville, Buyer Plans RedevelopmentJACKSONVILLE, FLA. — JLL Capital Markets has arranged the sale of 8000 Baymeadows Way, a 458,617-square-foot office campus located in Jacksonville’s Butler/Baymeadows submarket.
Rubenstein, Vision Partners Refinance Parsippany Office CampusA joint venture partnership between Rubenstein Partners, L.P. and Vision Real Estate Partners secured an $80-million refinancing of LATITUDE, a 35-acre, two-building trophy office campus in Parsippany, NJ.
Engineering Firm Hatfield Group Takes 5K SF at GFP’s 307 West 36th StreetTwo architecture firms have landed on the 16th floor of GFP Real Estate’s 18-story office tower at 307 West 36th Street in Manhattan’s Garment District.
Office Delinquencies Near Record High in MarchFitch Ratings’ overall U.S. CMBS delinquency rate increased 15 basis points to 3.43% in March from 3.28% in February, driven by a surge in new large-balance office delinquencies that outpaced resolutions.
CityPlat Acquires 95K-SF Cary Office ParkA Cary office campus sold for $3.1 million less than the seller paid for it in eight years earlier.
Avison Young to Market Alpharetta Office AssetAvison Young has been retained to market a two-building, 318,945-square-foot, Class A suburban office park located in Alpharetta, Georgia, for sale.
Apollo Global Management Platform Company Inks 50K-SF Lease at 590 Madison AvenueA platform company within the Apollo Global Management umbrella has inked a 10-year, 50,000-square-foot office lease across two full floors at 590 Madison Avenue, Commercial Observer has learned.
Oak Funding Refis N.J. Office Campus With $80M LoanA joint venture between Rubenstein Partners and Vision Real Estate Partners has sealed an $80 million loan to refinance a suburban office asset in central New Jersey, Commercial Observer has learned.
Blackstone Lands $154M Refinancing for Miami Office TowersBlackstone’s Perform Properties obtained a $154 million loan to refinance 2 and 3 MiamiCentral, a development made up of a 17-story 196,000 square foot office tower, and one that is 12 stories, with just over 100,000 square feet of office space. Eastdil Secured arranged the deal.
Silverstein Secures High-Profile Leases at DTLA’s US Bank TowerSilverstein Properties announced lease agreements totaling 53,146 square feet at US Bank Tower, its 72-story office tower in Downtown Los Angeles.