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A Coworking Pioneer’s Prediction: Exponential Growth
Servcorp has been in the coworking business since the sector’s inception. These days, the company’s COO, Marcus Moufarrige, is examining the changing landlord-tenant relationship and its potential to fuel the segment’s continued expansion.
Major Miami Mixed-Use Project Reaches Completion
With the last temporary certificate of occupancy in place, Integra Investments concluded the development of the 1.2 million-square-foot Aventura ParkSquare in Aventura, Fla.
Group RMC Lands $63M for Chicago Office Purchase
JLL Capital Markets arranged the loan through Morgan Stanley, to facilitate the company’s acquisition of a three-building Class A campus in the metro’s East-West corridor.
Walker & Dunlop Structures $120M for Miami Portfolio
Graham Cos.—which owns 1.2 million square feet of retail, industrial, office and multifamily space in Miami Lakes, Fla.—will use the proceeds to fund additional development projects in the area.
Cress Continues Western US Shopping Spree
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.
Priam Capital Enters Tampa Bay Office Market
The Nashville-based company acquired an eight-building portfolio totaling roughly 435,000 square feet. Cushman & Wakefield facilitated the transaction on behalf of the seller.
Top 10 Austin Medical Office Buildings
Yardi Matrix rounded up the largest MOBs in the Austin metro area, as the state capital is home to a well-established medical sector and is one of the fastest-growing markets in the U.S.
Boston Hotel Project Receives $300M Loan
New Boston Hospitality and Omni Hotels & Resorts will use the financing, provided by a syndicate of banks, to construct a 1,055-key luxury property.
Adventus Expands Atlanta-Area Office Footprint
The Canadian company paid $73.3 million for TownPark Commons, a four-building campus in Kennesaw, bringing its portfolio to more than 1 million square feet in the region.
Transwestern Sells Houston Trophy Asset
A Mexico-based equity fund acquired the recently completed Westway Plaza. At the time of sale, the 313,000-square-foot office building was fully occupied.