Brokerage
Bessemer Trust Takes 7 Floors at 1271 Ave. of the Americas
The wealth management fund is the fifth major tenant Rockefeller Group announced for the iconic Midtown Manhattan skyscraper, which is undergoing a $600 million redevelopment.
New Calkain Division Targets Institutional, Private-Market Clients
Founder, President & CEO Jonathan Hipp, describes how existing relationships and shifting market dynamics led him to start the brokerage’s capital markets group—NetCMG—in June, along with his plans for growing the new business line.
CREC Lands Miami Office Assignment
The firm will oversee leasing operations at Renaissance Properties’ Class A, 252,244-square-foot Aventura Corporate Center. The owner renovated the office asset following its acquisition of the property in 2016.
CLEAR Moves to EQ Office’s Park Avenue Tower
The tech company signed a 10-year lease at the Plaza District location and will occupy the entire 17th floor until the end of the year.
Should You Turn Your Leases Green?
The Institute for Market Transformation’s Alexandra Harry discusses what to consider.
Why Private Equity Likes Sale-Leasebacks
Industrial assets are particularly ripe for this type of transaction, having accounted for more than half of deal volume in the first half of 2018, up from 35 percent in 2017, noted Krupa Shah, senior vice president of JLL’s capital markets group.
Convene Expands Manhattan Footprint
The flexible workplace and amenity services company signed a 116,000-square-foot lease in Midtown with RXR Realty. Convene now has 20 offices in New York City.
Landsea Homes Relocates HQ to Newport Center
The company leased a total of 10,671 square feet of office space in Newport Beach, Calif., around 15 miles from its former office in Irvine.
NAI Hiffman Arranges Large IL Warehouse Lease Expansion
The tenant, JBS Logistics & Warehousing Inc., will occupy close to 400,000 square feet in the Chicago I-88 Corridor submarket.
Brookfield Properties Lands 73 KSF Houston Office Lease
The landlord closed a lease renewal within the 4.2 million-square-foot Houston Center, at LyondellBasell Tower. Law firm Haynes and Boone will occupy three floors at the property.