News
90 North Makes Promotions at Chicago Office
Martin Ahern and Jay Pacelli, two associate vice presidents with the company, will occupy full vice president positions within the investment and transactions teams.
HFF Arranges Loan for SF High-Rise Expansion
The Swig Co. will use the construction financing to complete a building addition that will increase the size of its office property in the city’s SOMA submarket to 266,000 square feet.
Griffin Capital Snags Recently Completed Phoenix Office Asset
The 271,000-square-foot complex was built-to-suit for the McKesson Corp. last year, with the healthcare company’s lease expiring in 2028.
Calare Snags 511 KSF Boston-Area Industrial Portfolio
CBRE/New England secured acquisition financing for the purchase of two distribution and warehouse properties located in an Economic Revitalization Zone in Merrimack, N.H.
Nonprofit and Public Sector Has Record Year in NYC
While New York City saw a decline in investment sales in 2017, nonprofits and public agencies in the market ended 2018 with a record-high number of sale and leasing transactions, a recent study from Cushman & Wakefield shows.
Economy Watch: More Rate Hikes Likely This Year
The Federal Reserve announced its plans for “gradual” interest rate increases due to the strength of the U.S. economy, according to the recently released Federal Open Market Committee meeting minutes.
NKF Expands Philadelphia VAS Team
The Valuation & Advisory group rapidly grows nationally and locally. NKF’s Philadelphia office hired two veterans with approximately 45 years of combined real estate experience.
Taconic Capital Snags 757 KSF Dallas Office Campus
This purchase marks the firm’s first property in North Texas. The new owner is set to invest in significant upgrades to both buildings and add several tenant amenities.
SL Green to Sell NYC Office Condo for $633M
Along with joint venture partner Ivanhoé Cambridge, the REIT will sell the 674,000-square-foot building to an institutional client of Invesco Real Estate.
Ginsburg Development Acquires NY Office Complex
The firm purchased the property from Robert Martin Co. and plans to convert it into a mixed-use development that will offer office, retail, restaurants and residential units.