Office
WeWork Signs 56 KSF Downtown Houston Lease
The coworking giant will occupy floors 25 and 26 at the 1.1 million-square-foot 609 Main at Texas. The deal brings the asset’s occupancy to 92 percent.
EXAN Capital Buys DC Trophy Office Asset for $119M
Akridge and Alcion Ventures sold the 104,000-square-foot property at 1701 Rhode Island Ave. NW, formerly known as the YMCA National Capital building. Coworking giant WeWork occupies the entire structure.
Marcus Partners Sells Connecticut Offices for $30M
The Boston-based private equity firm acquired the Westport, Conn., complex in 2014 and invested $5 million in a capital improvement program.
DivcoWest Buys NYC Trophy Building for $310M
The company has added a second Manhattan office asset to its portfolio with the acquisition of a 283,700-square-foot tower from Boston Properties.
The New Workplace: A Millennial Designer’s Perspective
MKDA’s Emma Tessler on the open office, generational differences and the coolest new products at this year’s NeoCon.
Sacramento LEED Platinum Office Asset Commands $127M
The Evergreen Co. purchased the 385,844-square-foot Class A high-rise in the city center through a partnership with UAIC Development Corp.
Ryan Cos. Acquires MN Office
The four-story property encompasses more than 75,000 square feet and last traded as part of a $250 million portfolio deal.
Chinese Coworking Giant Seeks US IPO
Beijing-based UCommune is reportedly aiming to raise as much as $200 million through the offering, as China’s flexible office sector shows signs of overheating.
Transwestern, C-III Capital Pay $60M for Phoenix Office
The joint venture paid cash for the 218,254-square-foot Class A mid-rise in the five-building Camelback Esplanade campus north of downtown.
Salt Lake City Metro Office Park Breaks Ground
Building 1 of the 540,000-square-foot development in Draper, south of Salt Lake City, is slated for completion early next year. The sustainable property will feature 60 electric car charging stations.