Business Specialties
Deka Group Enters Portland With $48M Buy
The German financial company broke into the local office market with its purchase of a Class A building in the city’s central business district.
LaSalle Investment Management Lands Law Firm for 126 KSF Renewal
Procopio, a business law specialist, extended its lease at a downtown San Diego office tower to 2027. CBRE represented both owner and tenant.
Thor Equities Launches Life Sciences Platform
The company announced the new division, Thor Sciences, as well as the acquisition of a New Jersey life sciences campus for $152 million.
Washington Prime Group Adheres to Solar Rooftop Systems
The retail REIT signed agreements with Safari Energy for the installation of 2.3 MW of solar arrays at coastal state shopping malls.
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.