News
U.S. Bank Sells NoVa Office Property
The bank sold the approximately 67,000-square-foot Class B building for $10 million, having taken control of the asset through a foreclosure in mid-2017.
Savanna Buys, Repositions Manhattan Asset
The 126,256-square-foot office property will undergo a $21 million capital improvement program that will include upgrades to the lobby, roof, facade and seventh-floor vacant space.
JLL Strengthens South Florida Retail Team
Rafael Romero is joining the company as senior vice president, while Katie Fernandez-Espinosa comes on board as vice president. The duo made the transition from Continental Real Estate Cos.
Boston Trophy Tower Commands $455M
Skanska’s 450,000-square-foot, LEED Platinum-certified asset opened in June. The office portion is fully leased to Alexion Pharmaceuticals and PTC.
Related Cos. Adds New CFO
David Zussman has stepped up as the company’s most recent executive. He will succeed Michael Brenner, who will continue to serve as executive vice president.
CBRE Forecasts Solid 2019 for CRE
Although specifics differ widely across sectors, most major categories should continue to benefit from favorable economic conditions.
How Will the $1B Apple Campus Impact Austin’s CRE?
The tech leader’s planned 3 million-square-foot facility will have a significant influence on the local multifamily, retail and office markets.
NorthStar Realty Europe Sells Frankfurt’s Trianon Tower
The 737,360-square-foot iconic office building in the German banking center’s CBD changed hands for about $758 million. Cushman & Wakefield advised on the deal.
Developers to Bring $150M Office Project to Atlanta
Atlantic Capital Properties and Gateway Ventures have secured $68 million in financing to build a 175,000-square foot office building in Atlanta’s emerging West Midtown market.
Blackstone Expands Manhattan Lease to 575 KSF
The firm has called 345 Park Ave. home for the last three decades and will soon occupy a total of 16 floors in the Rudin family-owned office tower.