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Office news – page 53
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Cofe Properties Buys Doral Office Buildings for $63MA joint venture led by Ascentris has sold off two buildings within the Westside Plaza office campus in Doral, Fla., nearly two months after launching the multifamily conversion of a third building.
Colliers Lists Largely Vacant Bridgewater Offices for SaleColliers has the listing for CenterPointe III, a Class A, three-story office building located at 1150 Rte. 22 E. in Bridgewater, NJ. The property is available for sale through Ten-X from April 20 to April 22.
Kaufman Investments, Two Sigma Real Estate Snap Up Boutique Office Building for $52MA boutique office building at 40 West 25th Street just changed hands, Commercial Observer can first report.
French Crypto Company Ledger to Open First NYC Office at 817 BroadwayLedger, a Paris-based crypto company, has inked a 3,437-square-foot lease at the Taconic Partners-owned 817 Broadway south of Manhattan’s Union Square, Commercial Observer has learned.
Representative imageForum Energy Technologies Signs 81,138 SF Office Lease Extension in Northwest HoustonHOUSTON — Forum Energy Technologies has signed an 81,138-square-foot office lease extension in northwest Houston. The global manufacturing company that serves the energy sectorwill remain a tenant at Sam Houston Crossing II, a 159,056-square-foot building.
Headlands Technologies, MFA Financial Ink 12K-SF Leases at 520 Fifth AvenueRabina, a New York City-based real estate investment and development firm, announced Monday that it has signed four office deals at its 88-story Midtown office and condo tower at 520 Fifth Avenue.
JLL Secures Lease Assignment for Dallas’s Pinnacle TowerJLL has been selected to market and lease Pinnacle Tower, which was sold by New York Life to Estein USA and Vanderbilt Office Properties (Vanderbilt) earlier this month. The 549,170-square-foot office property is 88% leased and located in the heart of the Lower Tollway.
Weda Lands Refi on 128K-SF Coral Gables OfficesWeda Developers scored a refinancing package on a 128,609-square foot office building in Coral Gables. Cushman & Wakefield’s Jason Hochman and Ron Granite represented Weda in its transaction where they identified Lake Michigan Credit Union as the lender. The loan amounted to $12.
Representative imageWalters, Balido & Crain Signs 5,590 SF Office Lease Expansion in North DallasDALLAS — Walters, Balido & Crain has signed a 5,590-square-foot office lease expansion in North Dallas. The Austin-based law firm now occupies 44,021 square feet at Meadow Park Tower, a 267,779-square-foot building, and is committed through 2033.
Bernard Financial Group Arranges $29.5M Construction Loan for Michigan Office BuildingBIRMINGHAM, MICH. — Bernard Financial Group (BFG) has arranged a $29.5 million construction loan for a new mixed-use office property in Birmingham. Joshua Bernard of BFG arranged the loan on behalf of the borrower, 320 Investments LLC. A life insurance company provided the loan.
BHI Provides $88M Bridge Loan for 845 Third Avenue’s Office-to-Resi ConversionAnother office-to-residential conversion is on its way to New York City, courtesy once again of Nathan Berman’s MetroLoft Management.
BrightSpire Sells LIC Office Building to Pearl Realty at $36M DiscountCommercial real estate investment trust BrightSpire Capital has offloaded an office and retail building in Long Island City, Queens, for $28 million, according to city records made public this week. The price is $36.3 million less than what the building sold for three years ago.
RFR Unveils Plans for Repositioning of Stamford Office BuildingSTAMFORD, CONN. — New York City-based owner-operator RFR has unveiled plans for the repositioning of 300 Atlantic Street, a 300,000-square-foot office building in Stamford.
Representative imagePentaurus Properties Buys 124-Unit Apartment Complex in Matawan, New JerseyMATAWAN, N.J. — Pentaurus Properties, a New Jersey-based family office, has purchased a 124-unit apartment complex in Matawan, located in Central New Jersey.
AREP Opens CityHouse Old Town Office-to-Residential Conversion Project in Alexandria, VirginiaALEXANDRIA, VA. — American Real Estate Partners (AREP) has opened CityHouse Old Town, an office-to-residential adaptive reuse development at 1101 King St. in Alexandria, a suburb of Washington, D.C.
CP Group Inks 32,000 SF of Leases at Caprock Office Campus in Bethesda, MarylandBETHESDA, MD. — CP Group, along with a fund managed by DRA Advisors, has inked six leases over the past six months at Caprock, a 709,313-square foot office property located in Bethesda.
Ford Models Signs Full-Floor Lease for Its New York OfficesKoeppel Rosen LLC announced that Ford Models, Inc., a globally recognized modeling agency, has signed a new 11,986 rentable square foot office lease at 36 E. 31st St. in Manhattan’s Midtown South neighborhood.
Ethos Commercial Advisors Opens Office in Bend, Welcomes Managing Director Ryan NorwoodPortland, Oregon-based Ethos Commercial Advisors announced that Ryan Norwood, CFA, has joined the firm as Managing Director to lead its expansion into Bend, Oregon, further strengthening the firm’s capital markets platform across the Pacific Northwest.
JLL Arranges $24.7M Refinancing for Office Building in Coral Gables, FloridaCORAL GABLES, FLA. — JLL has arranged a $24.7 million loan for the refinancing of 2000 Ponce, a 109,745-square-foot office building in Coral Gables, about five miles west of Miami.
CBRE Arranges Sale of 69,032 SF Office Property in Anaheim, CaliforniaANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction.