Deals
Cerberus JV to Repurpose Former Discovery Communications HQ
The partners bought One Discovery Place in downtown Silver Spring, Md., with plans to reposition the property once the building’s sole tenant relocates to New York City.
Clarion Partners Inks 51 KSF Lease at DC Mixed-Use
Cushman & Wakefield represented the owner in its lease negotiations with coworking firm AdvantEdge Workspaces, which will occupy space at Chevy Chase Pavilion.
IKEA to Open First US City Center Store
The new location, which will feature the nation’s first IKEA Planning Studio concept, is scheduled to open in Midtown Manhattan in the spring of 2019.
Square Mile Provides $161M Loan for NYC Office Tower
Borrowers Rockwood Capital and Midtown Equities utilized the financing for the acquisition and repositioning of One Broadway, a 253,000-square-foot, landmark building in downtown Manhattan.
Timbers Resorts Moves HQ to Orlando Metro
Before making the decision to move from Colorado to Winter Park, Fla., the luxury developer considered locations in Dallas, Denver and Atlanta.
Colliers Arranges Land Sale for Solar Farm in Sacramento
The four Sacramento County parcels, about 10 miles east of Sacramento International Airport, received approval in 2010 for a 10-megawatt solar farm.
Biopharma Firm to Relocate NYC Flagship
Syneos Health will occupy 86,498 square feet across two floors in a Brookfield Properties-owned premier office building located within the Brookfield Place complex.
PGA of America to Move HQ to $520M Dallas-Area Development
The golfers’ association will relocate from Palm Beach County, Fla., to Frisco, Texas, where it will occupy a 100,000-square-foot building.
HFF Completes Southeast Houston Retail Asset Sale
Lister Property Co. sold the roughly 14,000-square-foot property to a Chinese family trust. Walgreens is the only tenant of the building.
Western Union Moves to New Global HQ
The company relocated more than 1,300 employees from Englewood, Colo., to two locations in Denver, with most of the space at One Belleview Station in the Denver Tech Center region.