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Office news – page 56
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Representative imageSteve Cohen’s Point72 Takes 60K SF at Tishman Speyer’s SpiralSteve Cohen’s Point72 Asset Management is expanding its office presence in Hudson Yards.
Representative imageU.S. LawShield Signs 16,071 SF Office Lease at East River in HoustonHOUSTON — U.S. LawShield has signed a 16,071-square-foot office lease at East River, a 150-acre mixed-use project in Houston’s Historic Fifth Ward. The national legal defense membership program will occupy the entire fifth floor of Building C.
Stream Realty Arranges $52.5M Sale of Watergate 600 Office Building in D.C.WASHINGTON, D.C. — Stream Realty Partners has arranged the sale of Watergate 600, a 12-story, 316,000-square-foot office building located at 600 New Hampshire Ave. N.W. in Washington, D.C.’s East End district.
Benderson Launches Redevelopment of 300,000 SF Downtown Tampa Office BuildingTAMPA, FLA. — Benderson Development has begun the transformation of 702 North Franklin Street, a 300,000-square-foot office building in downtown Tampa. The nine-story property was formerly the longtime corporate headquarters building for Tampa Electric (TECO) and Peoples Gas.
Banyan Spends Nearly $40M on Tampa Office ComplexBanyan Street Capital acquired Harborview Plaza, a 206,329-square-foot, Class-A office complex in Tampa, Florida. Banyan acquired the 6.7-acre development from Cousins Properties for $39.5 million.
Representative imageIn Miami, Brickell’s New York-Size Office Rents Drive Suburban GrowthIn a place like Miami, where sea levels are cresting as quickly as one inch every three years, a rising tide can’t help but lift all boats — and the same is true for office rents.
Mackenzie Commercial Tapped to Lease Charlottesville Office PropertyMacKenzie Commercial Real Estate Services has been chosen as the exclusive leasing broker for 375 Greenbrier Drive in Charlottesville, Virginia.
Marx Realty Brings Speakeasy to 10 Grand Central TowerMarx Realty announced a partnership with the celebrated downtown Manhattan speakeasy Please Don’t Tell (PDT), to introduce Highball Ltd. at its 10 Grand Central office tower in Midtown Manhattan. Highball Ltd.
Representative imageSHoP Architects Expands to 56K SF at Woolworth BuildingAn architecture firm is adding 5,486 square feet to its office footprint at one of New York City’s best-known landmarks, Commercial Observer has learned.
Representative imageWatergate Office in D.C. Sells for Just $53MPart of the infamous Watergate complex in Washington, D.C., has sold for over 60 percent less than its 2017 sale price as the seller prepares to formally dissolve later this year.
Representative imageWest Capital Lending Acquires 104,375 SF Office Building in Irvine, California for $23.7MIRVINE, CALIF. — West Capital Lending has purchased 17911 Von Karman Avenue, a five-story Class A office building in Irvine’s Concourse submarket. John Hancock Insurance sold the asset for $23.7 million.
AI Sales Firm Clay Signs 163K-SF Lease at SL Green’s 11 Madison AvenueAn artificial intelligence-driven sales platform is relocating to SL Green Realty’s 11 Madison Avenue. Clay, a firm native to Brooklyn, signed a 10-year, 163,095-square-foot lease on the 14th and 16th floors of the 2.3 million-square-foot office tower.
1540 Broadway Secures 74K SF of New Office LeasesGFP Real Estate and BDT & MSD Partners announced that 1540 Broadway has signed more than 74,000 square feet in new long-term office leases with Pandora Jewelry and Woori Bank New York Agency.
Lender Acquires Irvine Concourse Offices for Headquarters UseNewmark represented West Capital Lending in its $23.75-million acquisition of 17911 Von Karman Ave., a 104,375-square-foot, five-story Class A office building located in the Irvine Concourse submarket of Irvine.
Rapper Pitbull Wants to Replace His Childhood Miami Home With OfficeMiami rapper Pitbull, known for hit songs like “I Know You Want Me (Calle Ocho)” and “Fireball,” wants to replace his childhood home with an office building in Miami’s Wynwood neighborhood to serve as the headquarters of his music label. An entity tied to Pitbull’s Mr.
Credit Union Acquires Houston Office TowerFirst Community Credit Union will soon have a new headquarters. The company acquired the former Noble Energy Center Two, a 470,623-square-foot office tower in Houston’s Vintage Park/Tomball area. Currently, the credit union’s main offices are at 15260 FM 529 Road.
Miami’s One Downtown Trades for $110MMoishe Mana acquired One Downtown, a Class A office tower located at 1 SE 3rd Avenue, for $110 million. PCCP was the seller. The building last sold for $127 million in 2018. CBRE brokered the deal.
Representative imageLargo Capital Arranges $76M in Financing for Office-to-Residential Conversion in Lower ManhattanNEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan.
99 Hudson St. Secures $40M RefiJLL Capital Markets arranged a $40-million refinancing for 99 Hudson St., a 183,958-square-foot office building located in Lower Manhattan’s Tribeca neighborhood. JLL represented the borrower, an affiliate of Olshan Properties. The loan was provided by an insurance company.
Zoller Equity Partners Signs 9K-SF Lease at 600 Lexington AvenueA New Jersey-based private equity firm has signed an office lease in Midtown East.