Business Specialties
Coworking to Overtake Tech as Office Leasing Driver
The flexible office sector generated 10.1 million square feet of activity in the first half of 2019, while providers like CommonGrounds, Spaces and WeWork continue bold expansion programs, JLL reports.
Welltower Adds to MOB Growth Spurt
The company has agreed to pay $140 million to buy a 270,000-square-foot complex in Berkeley Heights, N.J., from its tenant, which will continue its occupancy under a new 20-year lease.
Lincoln Equities Inks Flurry of Leases in New Jersey
Morgan Stanley was among the firms signing deals at three office complexes the company owns in Morristown.
Trammell Crow to Develop 700 KSF Baltimore Distribution Facility
Along with partner Diamond Realty Investments, the developer secured construction financing for the project. North East Commons, located in a Maryland Enterprise Zone, will be eligible for tax credits.
KKR Buys Atlanta Tower in $205M Deal
The global investment firm acquired the controlling interest in the office building from Banyan Street Capital, which has owned the property since 2016.
Metro Miami Office Tower Sells for $19M
The Capstone Group acquired the 11-story, Class A building in West Palm Beach, Fla. Cushman & Wakefield assisted the seller and procured the financing for the buyer.
Four Points by Sheraton Debuts in Poland
The four-star hotel includes five meeting rooms for up to 250 people. Four Points by Sheraton Warsaw Mokotow features smart amenities such as mobile check-in and keyless locks.
Grayson Power Plant Turns to Cleaner Alternatives
The new plan includes a 75 MW, 300MWh battery energy storage system, up to 50 megawatts of distributed solar projects and 93 MW of thermal generation.
Is TOD the Solution for Gridlock-Ridden Miami?
Aaron Stolear, 13th Floor Investments’ associate vice president, elaborates on the impact these developments have on the metro and the company’s new dedicated business division.
WS Development Lands 580 KSF Tenant at Boston Seaport Project
The deal marks the city’s largest life sciences lease in almost a decade, with Foundation Medicine set to occupy the building’s entire lab and office section.