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HTI to Buy Sibling’s Portfolio for $120M
Following the transaction’s closing, American Realty Capital Healthcare Trust III expects to liquidate and dissolve. The sale comprises 19 properties totaling approximately 468,000 square feet.
What’s Next for Emerging Tech Hubs?
Tech companies seeking new office locations should look for “hidden gems”—markets of opportunity with lower costs and a large talent pool, according to JLL’s latest report.
Atlanta’s ACS Building Commands $166M
Cushman & Wakefield arranged the sale and acquisition financing for the American Cancer Society Building, a 995,700-square-foot property in the city’s downtown.
The World’s Priciest Office Markets
CBRE’s annual office occupancy costs report highlights the strengths of gateway cities around the globe, including 12 in the U.S. that were among the 50 most expensive markets.
Blackstone to Buy Stake in $630M UK Firm
BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.
LA Job Growth Spurs Leasing Surge
Los Angeles-based up-and-coming tech, engineering and financial firms drive the continued demand for office space, while development and leasing remain robust.
Celebrating 30: Kelo v. City of New London
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. Stay tuned for our weekly posts and follow along with us on social media using the hashtag #CPETurns30.
Keeping Millennials in the Workplace
Blurring the boundaries between home and work environments helps employers cater to the restless Millennial workforce, keeping them engaged longer.
DDR, Madison International Recap $1B Retail Portfolio
The joint venture refinanced 52 grocery-anchored shopping centers totaling 7 million square feet. The properties are predominantly located in Florida and elsewhere in the Southeast.
Final Deal Inked for $1.6B Penn Station Addition
The project’s centerpiece will be the conversion of the century-old James A. Farley mail sorting room in Midtown Manhattan into the 255,000-square-foot Moynihan Train Hall.