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Office news – page 57
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Crypto Exchange Coinbase to Invest $30M to Expand Office at One Madison AvenueCoinbase, a leading cryptocurrency exchange platform, has plans to invest a total of $30 million to expand and revamp its office at SL Green Realty’s One Madison Avenue just east of Madison Square Park.
Wentworth Property Picks Up 238K-SF Office Campus Near TSMCWorkspace Property Trust has offloaded a 238,000 square foot office complex on Phoenix’s north side. Wentworth Property paid $26.7 million for the office campus. The campus includes two three‑story buildings with 39,750‑square‑foot floor plates.
Representative imageXceed Office Signs 22,450 SF Lease in Houston’s Galleria DistrictHOUSTON — Xceed Office, a provider of executive suites, has signed a 22,450-square-foot lease in Houston’s Galleria district. The space spans a full floor within 5POP, a 28-story, 566,773-square-foot building.
Workspace Property Trust Sells Two-Building, 238,500 SF Office Campus in PhoenixPHOENIX — Workspace Property Trust has completed the disposition of a two-building office campus in Phoenix. An affiliate of Wentworth Property Co. acquired the property for an undisclosed price.
Representative imageNewmark Brokers $38.2M Sale of Land Site, Office Building in Westwood, CaliforniaWESTWOOD, CALIF. — Newmark has arranged the sale of 10918-10926 Le Conte Avenue, a land site with a 9,647-square-foot office building in Westwood. An undisclosed buyer acquired the asset from Le Conte Westwood Development for $38.2 million.
Gantry Secures $10.2M Refinancing for Terminal Sales Office Building in Downtown SeattleSEATTLE — Gantry has secured a $10.2 million permanent loan to refinance the historic Terminal Sales office building in downtown Seattle. Located at 1932 1st Ave., adjacent to Pike Place Market, the 11-story, 92,400-square-foot building was originally delivered in 1925.
Foth Relocates to 23,500 SF Office Space at Historic Carpenter Building in Des MoinesDES MOINES, IOWA — Foth, an engineering services firm, has relocated to the historic Carpenter Building in downtown Des Moines. Savills managed the lease negotiations, project management and office build-out for the 23,500-square-foot space.
Representative imageCredit Union Buys Houston Office BuildingThis property previously traded in 2023 for $101 million. The post Credit Union Buys Houston Office Building appeared first on Commercial Property Executive.
Representative imageUber Expands by 86K SF at 3 World Trade CenterRide-sharing giant Uber Technologies has taken up a bigger parking space at 3 World Trade Center. Uber has expanded by 86,071 square feet at the Silverstein Properties-owned office tower in Manhattan’s Financial District, according to a March office report from CBRE.
Development Site Across from UCLA Fetches $38M in Off-Market SaleNewmark completed the $38.2-million sale of 10918-10926 Le Conte Avenue, a 1.16-acre land site with a 9,647-square-foot office building in Westwood.
Kidder Mathews Brokers Sale of 12K-SF Auburn Showroom, Service FacilityKidder Mathews brokers Matt McLennan, SIOR, CCIM, and Peter Wooding successfully completed the sale of the 11,900-square-foot showroom, office, and service facility located at 1743 W Valley Hwy S in Auburn, Washington.
Work Apparel Brand Relocates Headquarters to Wilmington, MA Office ParkBRUNT Workwear, a rapidly expanding Massachusetts-based work boot and apparel company, has committed to 56,000 square feet of R&D, warehouse and office space at 301 Ballardvale St. in Wilmington, MA.
Friedman Properties Secures River North Office Lease Expansion with Law Firm Bartlit BeckFriedman Properties, a Chicago-based real estate investment and development firm, announced the completion of an 80,000-square-foot lease renewal and expansion with Bartlit Beck LLP at Court House Place, located at 54 W. Hubbard St. in Chicago’s River North neighborhood.
Representative imageMoishe Mana Buys Discounted Downtown Miami Office Tower for $110MMoishe Mana’s shopping spree continues. The Miami-based real estate investor paid $110 million for an office tower in Downtown Miami, nabbing a nearly 14 percent discount from the property’s last trade eight years ago.
Representative imageDeutsche Bank Refis Delaware Office Tower With $41M CMBS LoanBuccini Pollin Group (BPG) has secured a $41 million loan to refinance an office tower in Wilmington, Del., that formerly housed a portion of DuPont’s headquarters, Commercial Observer has learned.
Loan Sale Platform mTrade, Nonprofit LeverageEd Sign Leases at 20 West 55th StreetSkyline Developers has two new tenants moving to its office building at 20 West 55th Street, Commercial Observer has learned.
KBS Spins Off Houston HighriseKBS sold 1800 Bering, a 171,510-square-foot, 10-story Class A office building located in Houston, Texas. The property was acquired by local private equity firm DML Capital. 1800 Bering is located just west of The Galleria.
Newmark Retained to Lease Office Portion of Downtown Brooklyn Mixed-UseNewmark has been retained as the exclusive leasing agent on behalf of Capstone Equities and BH3 Management, at 385 Gold St., a newly constructed, Class A office portion of a mixed-use building in Downtown Brooklyn.
Class A Office Campus Trades in Central CTCushman & Wakefield arranged the sale of The Campus at Greenhill, a Class A office campus located at 108 Leigus Rd. in Wallingford, CT to KS Partners, LLC for an undisclosed sum.
Forman Capital Provides $26M Loan for Indianapolis-Area Office ComplexForman Capital closed a $25.78 million bridge loan for Penn Mark I & II, a two-building complex with 242,481 square feet of combined office space located in Carmel, Indiana, within the Indianapolis MSA.