Office
Allianz Buys Into NYC Skyscraper for $384M
The German insurer purchased a minority stake in the 1.5 million-square-foot office condo leased to WarnerMedia within the new 30 Hudson Yards tower. The majority owner is a joint venture of the Related Cos. and a third-party investor.
Phoenix Office Building Commands $48M
Mainstreet Capital will provide property management services for the four-building complex. Cushman & Wakefield, which brokered the sale, will retain the leasing.
Corporations, Not Startups, Drive Coworking Surge
Enterprise users are shaking up the real estate industry by demanding better spaces for their employees, say executives at flexible office firms WeWork, Industrious and CommonGrounds Workplace.
Savills Launches Coworking Platform PIVOT
The fully integrated service will be rolled out exclusively in the U.K. and will offer an all-inclusive price point for tenants.
Atlanta Office Property Trades for $120M
Farallon Capital Management and Crocker Partners intend to invest in renovations of the common areas and amenities at the 646,471-square-foot former headquarters of The Home Depot.
Houston Office Portfolio Trades in Energy Corridor
LNR Partners previously purchased the two-building, 176,000-square-foot Parkview complex out of foreclosure in 2017. JLL facilitated the disposition on behalf of the seller.
Skanska Agrees to $152M Helsinki Office Sale
The 190,000-square-foot development, set to become the headquarters for the European Chemicals Agency, is under construction and anticipated to be delivered by the end of 2019.
Big Tech Reveals Smart Building Strategies
Experts from Facebook and Google provide insights on optimizing user experiences at this year’s Realcomm conference in Nashville.
Magnolia Capital JV Buys Nashville Office Portfolio
The two Class B properties traded for $32 million. The buildings add up to more than 125,000 square feet and are located in the Brentwood submarket.
WeWork Takes 89 KSF at Florida’s Tallest Office Building
The lease encompasses four floors at Miami’s Southeast Financial Center and increases the coworking giant’s footprint of existing and planned locations in the city to 750,000 square feet.