News
Transwestern Secures Lease in Boston’s South End
Tom Ashe, Patrick Buckley and Jeff Landers worked on behalf of the owner, Legacy Real Estate Ventures, in the lease negotiations.
Economy Watch: Fed Holds Off on Rate Hike
The Federal Open Market Committee did not increase the cost of borrowing at its latest meeting, citing positive expectations about the labor market, including solid job growth and a declining unemployment rate.
Sealy Acquires 650 KSF Ohio Distribution Facility
The owner, Exel Inc., sold the property to Sealy in a $40 million deal, marking the second time in three months the property changed hands.
CBRE Arranges Largest Philly Office Sale
Equity Commonwealth sold the two-building Centre Square complex in a deal that broke the record for the city’s largest-ever office transaction in terms of square footage.
LBG, Aviva Nab Mammoth CA Shopping Mall
The JV aims to implement an entirely new merchandising strategy for the asset as well as extensive rebranding and redevelopment. The property sits on nearly 77 acres of land and offers views of the San Francisco Bay.
Allianz Secures Naming Rights for MLS Stadium
The owners of the Minnesota United FC soccer team have chosen the global life insurance giant—which has local roots in the state—as the sponsor for the new $200 million arena in St. Paul.
Olive Hill Receives Creative Office Financing in LA
The $41 million loan was arranged by Newmark Realty Capital Inc. The LA-based firm acquired the property for $65.6 million last year with plans of upgrading it.
Development Boom Tempers Chicago Rent Growth
The city is preparing to receive a record level of new deliveries, with more than 8,000 units expected to come online this year, Yardi Matrix data shows.
Anchor Health Buys San Diego Hospital Campus MOB
The company purchased the 82,024-square-foot asset in the suburb of La Mesa, Calif., free and clear of existing debt from The Abbey Co.
Parallel Capital Brings New Tenants to Phoenix Office Tower
One of the most notable new tenants at One North Central is Quicken Loans, which will occupy six of the building’s 20 floors. Live Nation, Coleman & Finch and Urban Eye Care ink the other three leases.