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5 Questions With Nashville Mayor David Briley
Briley, who is up for re-election next month, talks about major property-related issues—from affordable housing to Opportunity Zones—facing the booming southern city.
Record Numbers at Port of NY, NJ Track Logistics Boom
The seaport logged its highest cargo volume ever, rising to second place nationwide, which bodes well for the thriving local logistics sector.
Shorenstein Sells San Jose Office Campus for $128M
The company acquired the asset in 2015 and invested $30 million in a capital improvement program. The property was fully leased at the time of sale.
USAA Real Estate Secures $140M for DC Trophy Building
JLL Capital Markets facilitated the transaction for 700 Sixth St., a 300,000-square-foot office property in Washington, D.C.’s East End submarket.
Japan’s Consulate General Renews Manhattan Lease
The agreement follows a host of new and extended commitments at 299 Park Ave. since Fisher Brothers announced plans to renovate the 1.2 million-square-foot office tower.
Accenture is New Anchor at Chicago Trophy Tower
The professional services company is more than doubling its footprint at 500 West Madison, which is being rebranded Accenture Tower.
Publicis Groupe Inks 1 MSF Lease at NYC Home
The French advertising and public relations firm has renewed 680,000 square feet and signed on for an additional 280,000 square feet at Hudson Square Properties’ 375 Hudson St. office tower.
What to Expect From Deutsche Bank’s Reorganization
As an overhaul gets under way at the financial services giant, capital markets insiders size up what’s ahead for the company’s commercial real estate lending.
Sprint Closes Sale of 4 MSF Campus
Occidental Management, the new owner, cinched a sale-leaseback deal for Sprint’s 190-acre spread in Overland Park, Kan. The telecom company’s merger with T-Mobile is widely believed to be imminent.
Hines Breaks Ground on Seattle-Area Tower, Amazon Is Reported Tenant
The developer has preleased the entire 347,220-square-foot office building in Bellevue, Wash., reportedly to the e-commerce giant. The sustainable property is slated for completion in the fourth quarter of 2020.