News
Ascend Snags Brooklyn’s LOOK
The 81-key hotel is located in the Red Hook neighborhood, close to Brooklyn Bridge Park, Barclays Center and the Brooklyn Cruise Terminal.
Retail Development: Ease of Access Critical to Success
In an increasingly competitive lending environment, retail developers need to pursue projects in high-quality, accessible locations that will attract top tenants in order to secure financing, notes The Comras Co. President & CEO Michael Comras.
SVN Sells Mixed-Use Asset at Park Place Tower
The 14,856-square-foot office and retail property is located at the ground and second floors of the tower located in Chicago’s Lakeview neighborhood.
Economy Watch: China Named Top Buyer, Seller of US CRE
One-fifth of realtors that participated in the National Association of Realtors latest survey on foreign investment in U.S. commercial real estate said they had closed a sale with an international client in 2016. They also expect increased sales and leasing activity involving foreign investors this year.
Atlanta’s ACS Building Commands $166M
Cushman & Wakefield arranged the sale and acquisition financing for the American Cancer Society Building, a 995,700-square-foot property in the city’s downtown.
The World’s Priciest Office Markets
CBRE’s annual office occupancy costs report highlights the strengths of gateway cities around the globe, including 12 in the U.S. that were among the 50 most expensive markets.
Blackstone to Buy Stake in $630M UK Firm
BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.
Century City Office Asset Changes Hands
Harbor Associates shelled out $14.7 million for the property previously occupied by the Spanish Broadcasting System. The new owner plans a comprehensive rebranding and renovation program.
LA Job Growth Spurs Leasing Surge
Los Angeles-based up-and-coming tech, engineering and financial firms drive the continued demand for office space, while development and leasing remain robust.
Modular Sofa Adds Design, Functionality
Modern Office Furniture’s Zig Zag sofa can be arranged and re-arranged in various formations to accommodate different seating or room layout requirements. The pieces are modular and come fully assembled, offering a pre-built seating concept for lobbies or entryways.