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Research Triangle Office Building Changes Hands in $58M Deal
Global medical device company Align Technology, a tenant of Forty540 since it opened in 2017, acquired the asset in Morrisville, N.C., from its developers.
Tishman Speyer Adds Financial Firm to NYC Tower
AllianceBernstein has signed a lease for 189,000 square feet at The Spiral, a 2.8 million-square-foot office property in Midtown Manhattan.
Sterling Organization Sells FL Shopping Center for $38M
The company sold Pembroke Place, a 158,800-square-foot, grocery-anchored property in metropolitan Fort Lauderdale, to Longpoint Realty. A CBRE team acted on behalf of the seller.
It’s Yield vs. Caution in New Investor Intention Survey
Investors are caught between the pursuit of yields and the realities of a late-cycle market, all overshadowed by macroeconomic worries, CBRE reports.
New Courtyard by Marriott to Open in Indiana
Indianapolis developer MHG Hotels owns and manages the new four-story, 97-key business hotel in Speedway, set to debut later this week.
Skanska Adds Dropbox as Tenant at Seattle’s 2+U Tower
The San Francisco-based tech company becomes the third major tenant at the 38-story, mixed-use waterfront tower in the city’s CBD.
Major Renovations Planned for Houston Office Tower
Keppel-KBS US REIT’s 400,000-square-foot building will feature upgrades intended to maximize the property’s appeal to multiple generations of workers.
Clarion Acquires Logistics Player Gramercy Europe
The $50 billion New York-based real estate investment manager has augmented its $16 billion, 700-property logistics portfolio by buying a majority stake in the European platform.
Flag Luxury Lands Equity Partner for $508M NYC Project
EB5 Capital made a $125 million investment in the 250-key Ritz-Carlton development, which is currently under construction in Manhattan’s NoMad area.
Thor Equities to Buy Paris Office Building for $56M
The asset, located in the popular Saint-Germain district, is considered an architectural landmark and is occupied by French bank Société Générale.