Business Specialties
LA-Area Office Asset Sells for $51M
A New York-based company acquired the two-building property and is set to renovate it for media, tech and entertainment tenants.
JV Picks Up Raleigh-Area Office Park
Pinnacle Financial Partners provided financing for the acquisition of the two-building portfolio in Cary, N.C. Avison Young will lead the leasing efforts.
Showpad Triples Office at One North State in Chicago
Within one year, the Belgium-based sales enablement firm more than tripled its footprint at One North State in Chicago. CBRE and Cushman & Wakefield arranged the transaction.
Related Cos. Signs Law Firm to FL Office Tower
The law firm will occupy more than 12,000 square feet at the 300,000-square-foot, Class A office building in West Palm Beach, Fla.
CommonGrounds Workplace Expands Footprint
The coworking spaces total 41,717 square feet and are the second and third locations opened by the company this year.
Lightstone Lands $70M in EB-5 Funding for Manhattan Hotel
On track for a September opening, the property is the third Moxy-brand hotel in Manhattan developed by Lightstone in partnership with Marriott.
Airport-Area Office Project Kicks Off in Dallas
Staubach Capital provided equity, while First United Bank originated debt financing for the two-building development, which is slated for completion in 2020.
Lendlease to Lead Google’s $15B San Francisco Bay Project
The Australian developer will spearhead the transformation of the tech trailblazer’s land holdings into three live-work-play communities. The properties will include office space, hotel accommodations, retail options and thousands of homes.
South Florida Retail Asset Commands Royal Price
InvenTrust Properties Corp. paid $97 million for a Costco-anchored shopping center in Royal Palm Beach. CBRE negotiated the deal on behalf of the seller.
Nation’s Largest Offshore Wind Agreement Winners
Empire Wind and Sunrise Wind development projects of Equinor, as well as Bay State Wind—a joint venture of Ørsted and Eversource Energy—are slated for completion by 2024.