Business Specialties
LA Job Growth Spurs Leasing Surge
Los Angeles-based up-and-coming tech, engineering and financial firms drive the continued demand for office space, while development and leasing remain robust.
Jersey City Office Building Sells for $20M
Rhodium Capital Advisors acquired 600 Pavonia Ave., an 85,000-square-foot office building situated in Jersey City’s Journal Square neighborhood. The asset is set to undergo $3 million renovations.
Office Evolution Debuts Business Center in Charleston
The business center features professional on-demand office and co-working space among several other amenities suitable for small businesses and entrepreneurs.
Pennsylvania Offices Trade for $23M
Brookwood Financial Partners LLC disposed of three office buildings totaling 150,000 square feet located in suburban Philadelphia and the Lehigh Valley area. The properties are part of a 29-asset portfolio that the firm purchased in 2015.
Fort Lauderdale Office Asset Sells for $3M
The vacant property changed hands in an off-market deal. The new owner plans to renovate the building and bring it in line with Class A office standards.
SGPS Snaps Up Atlanta-Area Medical Office Portfolio
The strategic location and accessibility of the assets will help the new owner fill the properties’ remaining vacancies by attracting tenants focused on surgical and diagnostic specialty centers.
Meridian Provides Tenant Buildout at Illinois Mixed-Use Facility
The project added 10,601 square feet of office space and warehouse improvements to a 112,288-square-foot industrial property in Glendale Heights, Ill.
Newly Renovated Baker Center Opens Doors
The new features of the four-building complex in downtown Minneapolis include a large media wall, a two-story entry atrium, a new amenity floor and a panoramic rooftop deck.
Cullinan Properties Expands Illinois’ Levee District
The new multi-tenant retail building will be located between Panda Express and McDonald’s and will be home to T-Mobile starting this fall.
Ashford Prime Extends Ground Lease for San Diego Hilton
The company has extended the lease at the 394-key property by 24 years, with a new expiration date in 2067. The agreement also provides for a further extension opportunity.