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Shorenstein Snags US Bank Tower in Sacramento
With help from JLL, a joint venture between David S. Taylor Interests and Britannia Pacific Properties sold the 25-story Class A office high-rise at 621 Capitol Mall.
Tenants on Property Management
CPE and Kingsley Associates partner to see how renters feel about how their spaces are managed.
JV Snags IL Office Park for $129M
Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer.
Sector on the Mend in Houston
The metro’s office market has grown substantially in recent years, but faces a few challenges, such as the ongoing recovery from the drop in oil prices, a sometimes-unconstrained development pipeline, as well as the effects of Hurricane Harvey.
Hudson Pacific to Sell 4 Office Assets for $255M
Different buyers will purchase the properties, which are located in premier markets in Northern and Southern California. The proceeds will go toward value-add acquisitions.
DTLA Creative Campus Lands $122M Financing
George Smith Partners and Dekel Capital arranged the equity-and-debt package for Urban Offerings and ESI Ventures. The sponsors will use the proceeds to develop a 250,000-square-foot Class A project in the city’s Fashion District.
MetLife Investment Lines Up $73M Refi for Manhattan Office
ATCO Properties & Management is using the loan to recapitalize its 18-story building at 240-246 West 35th St. in the Garment District.
Multiplex Lands $1B Australia Hospital Contract
The Sydney-based contractor will spearhead the construction of the 1 million-square-foot anchor building at Westmead Redevelopment in New South Wales. Upon completion, the 12-story facility will be the tallest hospital building in Australia.
Art Basel Boosts Miami Hospitality
Founded in 1970 in Switzerland, the Modern and contemporary art fair landed in South Florida in 2002. It has improved hospitality demand, CBRE research shows, with unprecedented increases recorded in December 2017.
Vista Grows Silicon Valley Footprint With $113M Purchase
Cushman & Wakefield’s Northern California team marketed the property on behalf of the seller, The Carlyle Group.