Deals
Netflix Preleases Hollywood Office Project
The entertainment giant has leased more than 350,000 square feet at Kilroy Realty’s Academy on Vine mixed-use development. Occupancy is expected to begin in phases in 2020.
Arcapita Expands Cleveland Industrial Footprint
The global company partnered with Weston to acquire seven facilities totaling more than 650,000 square feet. Weston will be in charge of leasing and managing the portfolio.
Friedman Closes Detroit Office Deal
The building is located in the Central Business District and was sold at auction. Alan Stern and Steven Silverman represented both sides in the transaction.
BLT Enterprises Sells San Diego R&D Facility
The company acquired the asset in 2017 and repositioned it to achieve a record price per square foot for an industrial asset in the Kearny Mesa submarket.
Downtown Philly Office Asset Adds New Tenant
Clarifi has leased more than 7,000 square feet on the fifth floor of a premier asset owned by Nightingale Properties, joining a roster of tenants comprising Spector, Gadon & Rosen and MakeOffices.
Bloomberg Inks 460 KSF Lease Renewal in Manhattan
The finance and media giant will continue to occupy 75 percent of Global Holdings’ office tower on Park Avenue near Grand Central Terminal.
Phillips Edison, Northwestern Mutual Form $415M JVs
The two seeded joint ventures, Grocery Retail Partners I and II, own a combined portfolio of 20 shopping centers anchored by leading grocers.
Blue Stone Acquires PA Office Asset
Newmark Knight Frank’s Capital Markets team represented the seller, Delaware Valley Real Estate Investment Fund LP, in its disposition of 1001 Adams Ave., a 137,000-square-foot building in Audubon.
WeWork Expands Presence in NYC
The global network of workspaces signed a 61,375-square-foot lease with Winter Properties LLC, taking the entire office component of a Class A building in Greenwich Village.
Cerberus JV Acquires Bucharest Office Campus
The Landmark is the only office campus of its size in north Bucharest, with nearly 250,000 square feet of leasable space, as well as additional retail space.