Business Specialties
Retail Properties of America Sells Last Office Asset
Schaumburg Towers in Schaumburg, Ill. comprises 895,400 square feet across 20 floors and sold for $86.6 million, a $51.4 million difference since the company purchased the campus in 2004.
Meridian Arranges $240M Loan for NYC Office Tower
The Hakimian Organization will utilize the proceeds to refinance 636 11th Ave., a 560,000-square-foot property fully leased to advertising and public relations firm Ogilvy & Mather.
Charles Schwab Opens 50-Acre Campus, Expansion to Follow
San Francisco-based Charles Schwab opened its new 469,000-square-foot campus in Austin, Texas, as it aims to expand its presence in the state.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
Top 8 Office Completions in Kansas City
During the last 12 months, the metro added almost 1 million square feet of new office space, most of the projects favoring the dynamic College Boulevard business corridor in the Overland Park submarket.
Tampa Office Sector Ready for New Development
JLL Senior Vice President Ron Ruffner and David Jacobson of the Jacobson Family explain why timing is perfect for new office projects in the Central Florida market.
Memphis Industrial Portfolio Commands $50M
A partnership between Diamond Properties and funds managed by Ares Management LP acquired 43 buildings in the deal, thanks to $32.5 million in financing arranged by HFF.
Anchor Health Picks Up Charlotte MOB
CBRE represented seller The Bissell Cos. in the transaction, while Capital One facilitated the deal with $11.6 million in acquisition financing on behalf of the buyer.
BWI Airport Sheraton Hotel Changes Hands
Vista Group of Cos. acquired the 203-key Sheraton Hotel Baltimore Washington Airport. The property is a seven-minute drive from the airport, offering a complimentary shuttle service.
SL Green Leases 2 Full Floors at Tower 46
Located at 55 W. 46th St., the 2013-built property comprises 347,855 square feet across 34 stories. Features include column free floors, 14-foot slab heights, in-building parking, floor-to-ceiling windows and a tenant-only fitness center.