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Fully Leased Boston-Area Office Asset Changes Hands
A joint venture between Rubenstein Partners and Nordblom Co. sold the roughly 140,000-square-foot Class A property in Reading, Mass. Cushman & Wakefield negotiated the deal.
J.P. Morgan, JBG Smith Sell DC Office Tower for $385M
Ponte Gadea, the investment arm of billionaire Amancio Ortega, purchased the 401,000-square-foot building at 1501 K St. NW.
HFF Secures NoVa Office Building Refi
The owner of 7600 Leesburg Pike in Tysons, Va., received a $32 million floating-rate mortgage to both refinance its 2014 acquisition loan and renovate the Class B asset.
Pickard Chilton-Designed Project Breaks Ground in Tokyo
The 3.3 million-square-foot mixed-use Y2 is scheduled to reach completion in 2022. The property is expected to include premier office space, a 98-key hotel and an elementary school.
DC’s Warner Center Commands $377M
JBG Smith sold the historic Pennsylvania Avenue property. The 583,453-square-foot Class A office asset was 98 percent leased at the time of the sale.
HRT Expands World Trade Center Footprint
The fintech company has signed a 136,000-square-foot lease at 3 World Trade Center with Silverstein Properties, less than three years after taking the 57th and 58th floors of 4 World Trade Center.
PwC Issues Positive Capital Markets Forecast
The company’s latest financial markets report shows that economic conditions will support further growth, but at a decelerating pace. Trade policies and rising interest rates will be the main disruptors going forward.
JLL Arranges $95M Loan for NYC Office Portfolio
East End Capital teamed up with a family office to purchase and reposition three Manhattan buildings totaling more than 225,000 square feet.
Morgan Properties Buys PA Office Complex
HFF facilitated the sale of Millennium I, II and III, a three-building campus located in Conshohocken, a northwestern suburb of Philadelphia.
Historic Houston Office Property Gets $53M Refi
On behalf of Contrarian Capital Management and Cameron Management, JLL Capital Markets arranged the loan from MetLife Investment Management.