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Office news – page 7
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AI Legal Platform Orbital Signs Full-Floor Lease in Flatiron DistrictJLL arranged an 11,185-square-foot office lease for Orbital, the AI platform for real estate legal work, at 40 W. 25th St. in Manhattan’s Flatiron District.
Energy Company Opens 125K SF Newton Office: The Boston Deal SheetThe energy firm expanded its office footprint by 75%. Also in the Deal Sheet, Anthropic signs a Cambridge lease, and a Lexington project lands financing.
Piedmont Buys Virginia Office for $53M — Double Its 2024 Sale PriceA joint venture has unloaded an office building in Northern Virginia for nearly twice what it paid to acquire the property just two years ago in the depths of post-pandemic distress.
Hines And Rialto Close Office Credit Fund At $1.1BThe two national real estate investment management firms closed their U.S. office credit fund after securing more than 120 investors.
Representative imageSummit RE Negotiates Sale of 209,476 SF Office Building in Carrollton, TexasCARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998.
Representative imageAffinity Group Food Service Signs 13,000 SF Office Lease in Bedford, MassachusettsBEDFORD, MASS. — Affinity Group Food Service NE has signed a 13,000-square-foot office lease in Bedford, a northwestern suburb of Boston.
Insignia Revamping Discounted Atlanta-Area Office PropertyInsignia plans to spend over $10 million to revamp a large office complex in Vinings that was formerly Home Depot’s headquarters. The property at 2727 Paces Ferry has approximately 640,000 square feet of office space. It has two 18-story towers.
Representative imagePiedmont Realty Trust Acquires Office Building in Arlington, Virginia for $56.3MARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket.
Partners Inks Leasing Deal for Houston’s Intercontinental CenterPartners Real Estate has been selected as the exclusive leasing agent for Intercontinental Center, a nine-story, 200,250-square-foot Class A office building at 15600 John F. Kennedy Blvd. in Houston.
Representative imageHines and Rialto Credit Partners’ Debt Fund Closes at $1.1BReal estate asset managers Hines and Rialto Capital announced Monday the final close of its office-focused credit fund Hines Rialto Credit Partners, which reached $1.1 billion in investor commitments.
Developer Seeks Permit For Denver Energy Center Conversion ProjectDeveloper Asher Luzzatto plans to transform a Denver office tower into 386 residential units, bringing more housing to the city.
Northern Virginia Office Tower Sells For Double Its 2024 PricePiedmont Realty Trust purchased the 189K SF office building at 4075 Wilson Blvd. for $52.7M.
PGIM Refis Manhattan Office-to-Storage Conversion With $57M LoanA joint venture between Mequity Companies and Flatiron Equities Real Estate has sealed a $57 million loan to refinance an office-to-storage conversion project in Midtown Manhattan, Commercial Observer has learned.
Endeavor Breaks Ground on 198,000 SF Office, Retail Project Near Downtown AustinAUSTIN, TEXAS — Endeavor Real Estate Group has broken ground on 5th & Walsh, a 198,000-square-foot office and retail project near downtown Austin.
Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And WhereThe investment giant closed a $435M office purchase last month, and Oxford U.S. Head of Investments Ankit Bhatt spoke to Bisnow about its plans for more deals.
AmTrustRE Completes 360 Lexington Avenue RepositioningAmTrustRE has completed a comprehensive modernization at 360 Lexington Ave. in Manhattan. Led by preeminent New York-based architecture firm MdeAS Architects, the project reimagines the 268,000-square-foot office building as a modern, hospitality-driven workplace.
Office Revenues Are Failing To Keep Pace With ExpensesOffice operating expenses exceed revenue growth, impacting NOI. Rising costs persist post-pandemic.
HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood PortfolioThe investors secured another year to pay off the mortgage tied to a 2.2M SF studio and office portfolio.
Andreessen Horowitz to Open West Palm Office for Defense-Tech BetsVenture capitalist behemoth Andreessen Horowitz is opening an office in West Palm Beach, Fla., which will focus on defense-tech investments.
Representative imageSL Green Sells Lower Manhattan Office Building for $226MNEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has sold 110 Greene Street, a 223,000-square-foot office building in Lower Manhattan, for $226 million.