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Investicore Acquires 14-Building Charlotte Office ComplexInvesticore Holdings purchased a 14-building 568,811-square-foot Charlotte complex for $64 million. Ares was the seller. The Charlotte Business Journal reports the 42-acre park, called ThExchange, is 60% occupied. One building is entirely vacant.
Newmark Arranges Acquisition Financing for 1.7 MSF BRiC Office Campus in South FloridaBOCA RATON, FLA. — Newmark has arranged an undisclosed amount of acquisition financing for Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office and research-and-development campus located at 5000 T-Rex Ave. in Boca Raton.
Representative imageQSAC Signs 25,268 SF Office Lease in The BronxNEW YORK CITY — Quality Services for the Autism Community (QSAC) has signed a 25,268-square-foot office lease in The Bronx.
Rivani Lands $114M Refi For Playboy HQ Building: The South Florida Deal SheetRobert Rivani finalized $114.3M to refinance a Miami Beach mixed-use project he touted as offering "Class-X" office.
CUNY Buys Historic Bronx Post Office For $201MThe university system leased the property last year for a new community college campus.
AI Companies Sign Full-Florr Leases at Repositioned Flatiron District BuildingCushman & Wakefield arranged two full-floor office leases totaling 16,734 square feet at 61 W. 23rd St. in Manhattan’s Flatiron District, bringing the recently repositioned property to full occupancy.
CBRE Arranges Valencia Office Sale for Harbor AssociatesCBRE facilitated the $32-million sale of Commons at Valencia, a two-building Class A office campus totaling approximately 157,189 square feet, located at 25124 and 25152 Springfield Court in Valencia.
Two AI Companies Ink Full-Floor Deals at 61 West 23rd StreetArtificial intelligence firms Normal Computing and Inspiren have inked full-floor office leases at 61 West 23rd Street in Manhattan’s Flatiron District.
Representative imageSantander Bank, Washington Capital Provide $113M Debt for Chicago Office ConversionCommonwealth Development Partners and Triangle Capital Group have secured $113 million to finance the conversion of an empty 25-story office building at 500 North Michigan Avenue into 384 mixed-income rental apartments in downtown Chicago.
Nashville Investor Acquires 95K-SF Mixed-Use DevelopmentAn affiliate of LBX Investments bought a retail and office development in West Nashville. The development has about 95,000 square feet of space. The Nashville Business Journal reports the company paid $37.5 million for the Stateline in The Nations.
Tesseract Capital Sells Apartment Property in Modesto, California for $26.6MMODESTO, CALIF. — San Francisco-based Tesseract Capital Group has completed the sale of The Marc at 1600 in Modesto to an undisclosed family office for $26.6 million.
RIVANI Lands $114.3M Refi on Miami Beach Office/Retail ProjectRIVANI obtained a $114.3 refinancing of a newly completed 165,170 square foot office and retail destination near Lincoln Road in Miami Beach. Berkadia’s Brad Williamson, Scott Wadler, Michael Basinski, Mitch Sinberg and Matthew Robbins secured the financing on behalf of RIVANI.
CBRE Arranges Sale of 91,306 SF Office Building in Camp Hill, PennsylvaniaCAMP HILL, PA. — CBRE has arranged the sale of West Shore Office Center, a 91,306-square-foot office building in Camp Hill, a southern suburb of Harrisburg. The seven-story building at 214 Senate Ave.
Representative imageProMedia Signs 27,780 SF Office Lease in Manhattan’s Hudson SquareNEW YORK CITY — ProMedia has signed a 27,780-square-foot office lease in Manhattan’s Hudson Square area. The production and media infrastructure company has committed to a full floor at 250 Hudson Street for the next 15 years.
Office Owners Pulling Back On Flexible Leases As AI Clouds Future Of WorkManhattan landlords are pulling back on lease flexibility, but AI is causing uncertainty around tenants' future space needs.
Rhone Signs 40K-SF Headquarters Lease with RFR in StamfordPerformance apparel brand Rhone has leased 40,000 square feet of office space at RFR’s 300 Atlantic St. in Stamford, CT.
SoCal Family Office Snaps Up Apartments in Competitive Modesto SubmarketThe Mogharebi Group (TMG) represented Bay Area-based Tesseract Capital Group in the sale of The Marc at 1600, a 100-unit multifamily community located at 1600 Standiford Ave. in Modesto. The buyer was a private family office from Southern California, which paid $26.6 million.
Corebridge Financial Refis Meatpacking Office Property With $293M LoanA joint venture between Aurora Capital Associates and William Gottlieb Real Estate has sealed a $293 million loan to refinance a mixed-use asset in Manhattan’s Meatpacking District, according to a release.
Newmark Closes 180K-SF of Leases in Spring Office ComplexNewmark announces approximately 180,000 square feet of new leasing activity at 10000 Energy Drive in Spring, Texas over the past 16 months. The leasing momentum, which includes six headquarters commitments, brings the Class AAA, 10-story office property to nearly 90% occupancy.
Worth & Associates Acquires 108,116 SF Office Complex in San AntonioSAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood.