Featured
Navigating the New Opportunity Zones
Initial reviews of the federal Opportunity Zones Program suggest that it presents attractive incentives to infuse capital into underinvested areas. Do those opportunities outweigh the new initiative’s challenges?
Banyan, Oaktree Capital Buy Tampa Trophy Tower for $110M
Cushman & Wakefield represented Alliance Partners HSP in the sale of Tampa City Center, a 38-story, 757,425-square-foot downtown office building.
Zamir Equities Buys 560 KSF Cleveland Office High-Rise
In a deal facilitated by HFF, American Landmark Properties Corp. sold 1111 Superior Ave. four years after having acquired the asset half-full for $19.5 million.
Globe Corp. Sells Industrial Portfolio in Metro Chicago
Green Door Capital and Citimark have teamed up on the acquisition of seven properties totaling 447,059 square feet, with an average occupancy rate of 93 percent.
Boston’s 121 Seaport: Behind the Signature Design
The high-rise has an elliptical silhouette, shaped by the need to avoid building over the transit tunnel and to reduce wind drag. Phil Casey, principal at CBT Architects, shares details of the design process, along with some current office trends.
Tech Office Leasing in NYC Continues at Torrid Pace
Office leasing in Manhattan by tech companies exceeded 1 million square feet for the ninth consecutive year, according to CBRE.
PNY Technologies Sells NJ Industrial Property
In a sale/leaseback deal arranged by Cushman & Wakefield, Turnbridge Equities and Harbor Group International have acquired a 540,103-square-foot building in Parsippany.
Belay, Harbor Associates Buy 2 Office Assets for $57M
In separate joint ventures, the partners acquired properties totaling 302,000 square feet in Denver and the suburban Los Angeles city of Glendale, Calif.
CPE Announces the Distinguished Achievement Award Winners
Commercial Property Executive and Multi-Housing News hosted an event on Oct. 25th to announce the winners of the 2018 CPE Distinguished Achievement Awards and MHN Excellence Awards. To find out more, see our complete coverage of this year’s awards program.
MP Boston Begins Construction on $1.4B Mixed-Use Tower
The company broke ground on Winthrop Center, a next-generation development that will bring office space, residential units, retail, dining and commercial space to downtown Boston.