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Office news – page 9
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Shorenstein Acquires Preston Center Office Tower: The DFW Deal SheetShorenstein acquires Sherry Lane Place, a key office tower in Dallas' Preston Center.
Electrical Contractor L.K. Comstock Signs 14K-SF Lease at Dumbo Heights CampusThis Dumbo, Brooklyn, office property is about to light up with a new tenant. L.K.
Nuveen Green Capital Supplies $93M C-PACE Loan for Cleveland Office Conversion to W HotelThe increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building.
Cantor Fitzgerald Provides $141M CMBS Loan for Raleigh Office ComplexA joint venture among East West Partners, CBC Real Estate and Affinius Capital has secured $141 million to refinance a 535,000-square foot office campus in Raleigh, N.C., that serves as the global headquarters of Bandwidth, a publicly traded technology firm.
Investment Firm 26 North Relocates to 84K SF at LeFrak’s 40 West 57th StreetAlternative investment management firm 26 North is relocating its New York City offices to LeFrak’s Midtown office tower at 40 West 57th Street, Commercial Observer has learned.
Coworking Firm IWG Takes 22K SF at Cohen Brothers’ 475 Park Avenue SouthCohen Brothers Realty has signed lease deals for a coworking provider and four other tenants at one of its Midtown South office buildings.
Thor Equities Drops $62M on Boca Raton OfficeJoe Sitt’s Thor Equities has paid $62 million for the Two Town Center office complex in Boca Raton, Fla., Commercial Observer has learned.
Diamond Realty Sells Retail, Office Component of Williamsburg’s Dime for $29MThe Dime, a 2020-built residential development in Williamsburg, Brooklyn, has found a new owner for its office and retail space, which includes the entire landmarked Dime Savings Bank of Williamsburg.
Denver Office Property Converts to ApartmentsLofts on Monaco opened to residents in June after Shea Properties spent about a year converting the four-story building into apartments.
Representative imageHouston Bank & Trust Signs 19,600 SF Office, Retail Lease in UptownHOUSTON — Houston Bank & Trust has signed a 19,600-square-foot lease in the city’s Uptown area for its new banking headquarters, trust department and flagship retail banking branch. The space is located within the building at 2603 Augusta Drive, which according to LoopNet Inc.
Shorenstein Adds 300K-SF Dallas Office Tower to DFW PortfolioShorenstein Investment Advisers acquired Sherry Lane Place, a 300,000-square-foot Class AA office tower in the Preston Center submarket of Dallas, Texas. The acquisition marks Shorenstein’s fourth acquisition in Dallas over the past two years.
Representative imageCharlie Health Signs 28,424 SF Office Lease in Midtown ManhattanNEW YORK CITY — Charlie Health has signed a 28,424-square-foot office lease in Midtown Manhattan. The provider of virtual behavioral healthcare services will occupy the entire 21st floor at 2 Park Avenue, a 1.2 million-square-foot building.
Nonprofit Acquires Two Raleigh Office Buildings for Future Schools, HeadquartersRALEIGH, N.C. — Frankie Lemmon School and Foundation has acquired two office buildings located at 4401 and 4501 Atlantic Ave. in Raleigh. The 114,781-square-foot campus will serve as the nonprofit’s future home and will house the Frankie Lemmon School and Lemmon Tree Academy.
After Foreclosure Saga, Charles Cohen Plans Office Complex in Florida’s Dania BeachCharles Cohen is rising from the ashes of foreclosure with plans to build a speculative office complex in Dania Beach, Fla., near Fort Lauderdale’s main airport.
Representative imageWaterfall Asset Management, Delaware Life Provide $64.7M Refinancing for Office Property in Torrance, CaliforniaTORRANCE, CALIF. — Waterfall Asset Management, an alternative investment manager, and Delaware Life have provided a $64.7 million loan facility for the refinancing of The Torrance, a Class A office property in Torrance.
Representative imageOffice’s Real Story Is the Spread Between Prime Space and Everything ElseThe office market is recovering. The data no longer leaves much room to argue otherwise. Net absorption nationally reached 12.6 million square feet in the second quarter, nearly double the prior quarter and the ninth consecutive quarter of positive demand, according to CBRE.
A Wave of New York Office Tower Listings Tests the Market’s RecoveryIn a two-week period this July, Commercial Observer reported on three Midtown office towers hitting the market. First came BXP’s ground lease at 7 Times Square, asking north of $700 million for its slice of the 1.2 million-square-foot tower.
Global Holdings Lands $382M Refi for Midtown TowerPrivate equity firm Global Holdings has secured a $382.4 million refinancing loan for its Midtown Manhattan office tower at 120 Park Ave., with Wells Fargo and German bank LBBW originating the note.
Tishman Speyer Trades Mountain View Office Building for $121.5MTishman Speyer sold 400 Castro Street, a 100 percent leased, Class A office building in downtown Mountain View, California. Spear Street Capital was the buyer in the $121.5 million transaction.
AI Growth Propels Tech to 2nd Place in NYC’s Office Leasing FrenzyTechnology has become New York City’s second most active leasing sector, behind finance, as the AI boom takes an expanding bite out of the Big Apple’s office supply, according to a new JLL report.