News
Oxford Properties Acquires Australian Office Fund for $2.4B
The real estate arm of OMERS purchased 19 office assets in Sydney, Melbourne, Brisbane, Perth and Canberra from Investa Property Group. Oxford and Investa will manage the portfolio jointly.
Top 10 Office Completions in Los Angeles
Inventory is expected to grow by 2 million square feet by the end of 2018, with significant additions in the CBD, Hollywood and Jefferson Corridor submarkets.
Google Unveils $1 Billion Manhattan Campus
The tech giant announced it will occupy 1.7 million square feet at three locations in the Hudson Square neighborhood to create Google Hudson Square.
Tackling the Future of Retail Design
At ICSC’s annual New York Deal Making event, a diverse panel of industry leaders shared strategies for blending the most attractive elements of experiential retail, technology and traditional brick and mortar.
Cleveland Office Tower Receives $100M Refi
Located in the waterfront district of the city, the 23-story Ernst & Young Office Tower features 465,000 square feet of leasable space.
Bedrock Breaks Ground on $820M Detroit Mixed-Use
The 1.4 million-square-foot downtown development is the latest milestone in the rebirth of the city, which emerged from bankruptcy in December 2014.
Clarion Partners Acquires $282M NYC High-Rise
The Midtown Manhattan office building recently underwent $30 million in capital improvements. Newmark Knight Frank represented the seller, Blackstone’s EQ Office affiliate.
Times Square Tower Reaches Full Capitalization
UBS led a new round of equity financing to achieve $2.5 billion for the groundbreaking of TSX Broadway in Midtown Manhattan.
Lease Term Key for Net-Leased, Bank-Occupied Assets
Such properties, if well-located and occupied by a credit tenant, remain attractive to investors even at this point of the cycle, Avison Young reports.
2018 Cap Rates
National cap rate performance comparing a three-month and 12-month basis-point change across all property sectors, updated quarterly.