Brokerage
Alta Properties Offloads Atlanta Office for $27M
The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.
Lexington Realty Trust Signs 21 KSF Tenant in Houston
The tenant, a home construction firm, will occupy the first floor of the REIT’s 155,000-square-foot office building in the Energy Corridor submarket.
St. John Properties Inks 3 Baltimore-Area Leases
The firm signed American Pool Enterprises, USA Marble and Granite LLC, as well as Erickson Living to new spaces totaling 35,000 square feet.
Tech Office Leasing in NYC Continues at Torrid Pace
Office leasing in Manhattan by tech companies exceeded 1 million square feet for the ninth consecutive year, according to CBRE.
CBRE Brokers HQ Relocation for Jostens
Brian Fogelberg and Mark McCary directed the lease on behalf of the tenant. The new office spans across three floors at Minnesota Center.
Top 10 Office Buildings With Highest Vacancies in the Twin Cities
Large corporate tenants have left behind considerable blocks of vacant space in the suburbs and relocated closer to the downtown areas, while landlords were upgrading undesirable buildings within city limits in order to attract and accommodate tenant needs.
European Credit Agency Evaluates WeWork Growth
The report from Scope Ratings and Scope Risk Solutions examines the ability of the high-profile coworking space provider to maintain its growth rate and the risks it poses to building owners.
EDGE Fitness Expands into Michigan
The company will open two new clubs in Farmington Hills and Sterling Heights by the fourth quarter of 2019, as it works to expand into the Midwest and the Pennsylvania metro area.
Avison Young Completes Chicago Industrial Lease
The tenant, Cycle Logistics, is consolidating its distribution space by deciding to operate from Elk Grove Village, Ill. The landlord of the property is Ella Holdings.
Austin Office Lands Coworking Tenant
Spaces will be occupying 53,000 square feet of AFIAA’s 123,000-square-foot, Class A, five-story office building in the city’s central business district. This is the global coworking provider’s first Austin location.