News
San Francisco’s One Montgomery Terrace Sells for $82M
CBRE arranged the sale of the historic office building in the city’s North Financial District. The firm also secured $76.6 million in acquisition financing.
CommonGrounds Signs 30 KSF Lease in Downtown DC
The coworking company will occupy an entire floor at the Class A office building, marking its first flexible workspace in the market, set to open in early 2020.
Gerard Staudt to Lead New Dispositions Group for Savills
Staudt will be responsible for the company’s new service focused on delivering timely cash flow for clients’ surplus real estate though leasing, sales and sale-leasebacks.
Avison Young Adds Global Director of Research
Nick Axford joins the firm from CBRE, where he served in a similar position for more than five years. He will oversee global research operations across all asset classes.
KC’s Crown Center Nabs New Tenants
Local group PB&J Restaurants will replace the 8,400-square-foot Milano Italian Dining with a Burnt End BBQ restaurant and a full-service Starbucks.
ATXI Completes 1st Phase of Mark Twain Transmission Project
Ameren estimates that its total investment in the project—a 96-mile, 345,000-volt transmission line and substation—will reach $250 million.
Longroad Energy Begins Construction on 243MW Wind Farm
El Campo is one of the largest investments ever made in Knox County, with the total cost of the project estimated at $335 million.
Chicago Investors Break Ground on Fulton Market Office Building
Real estate veterans Bob Wislow and Camille Julmy plan to deliver Fulton East, a 12-story office and retail building, by spring 2020.
San Diego Office Complex Trades for $51M
Parallel Capital Partners bought the two-building asset in the Kearny Mesa submarket from Blackstone affiliate EQ Office. The seller had acquired the property as part of a $3.3 billion portfolio deal.
Music City Office Opens Doors
Panattoni Development demolished the Country Music Association’s former headquarters in 2017 and replaced it with a 107,840-square-foot Class A office.