News
Meridian Buys AZ Medical Center for $5M
The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.
McKnight Realty Lands $42M in Pittsburgh Office Refi
HFF secured a first mortgage loan through Starwood Mortgage Capital and a mezzanine loan through Morrison Street Capital for a Class A office tower located in the city’s central business district.
Perkins+Will Hires Director of Business Development
Brigitte Beltran will be in charge of identifying and implementing workplace strategies for corporate clients. She will collaborate with the company’s director of interior design and the science and technology regional practice leader.
Colliers Appoints New Senior Managing Director
With nearly three decades of real estate experience, Thomas Shirock will focus on strengthening the New York Tri-State Consulting Group’s business lines.
Times Square Office Tower Gets 2 New Tenants
Knotel and Poke Signature will occupy office and retail space, respectively, at the 20-story 9 Times Square, which was recently repositioned by owner American Realty Capital New York City REIT.
Santander Bank Building in Cambridge Trades for $30M
The transit-proximate property was constructed in 1928 and is surrounded by 20 million of square feet of office and laboratory space.
Economy Watch: Employment Stable in Most States
Unemployment rates were higher in August in only eight states, lower in one state, and stable in 41 states and D.C., according to the Bureau of Labor Statistics latest jobs report.
Introducing Irvine’s Tallest Office Tower Yet
Developed in less than two years, 400 Spectrum Center overlooks Orange County from 323 feet in the air—just a few inches more than its sister building, 200 Spectrum Center.
SL Green, RXR to Buy Stake in NYC’s Worldwide Plaza
The joint venture will become co-owner of the 2 million-square-foot mixed-use property with the acquisition of a 48.7 percent interest from New York REIT. The deal values the trophy asset at more than $1.7 billion.
Trophy Office Building Coming to DC
Akridge and Stars Investments are teaming up to redevelop two brutalist structures into one freestanding, 100,000-square-foot project situated on one of the city’s most powerful streets.