Office
Cousins, TIER REITS to Merge in $7.8B All-Stock Deal
The deal, expected to be completed in the third quarter, would create the preeminent Sun Belt office REIT, with 21 million square feet of Class A trophy office properties in hot markets like Austin and Atlanta.
St. John Properties’ LEED Asset Count Reaches 50
Since initiating its LEED program a decade ago, the Baltimore-based commercial real estate company has developed almost 3 million square feet of Gold, Silver or Certified space.
Rosendin Electric Relocates, Expands in Texas
The Pflugerville Community Development Corp. Board of Directors approved a seven-year deal with the California-headquartered company to relocate its facilities to Pflugerville, 20 miles north of Austin.
IMO Expands Chicago Footprint With Downtown Lease
Following a headquarters relocation to a nearby suburb, the technology company leased 13,424 square feet in a Class A high-rise building.
Transwestern to Lease Corpus Christi MOB
Senior Vice President Ken Adams and Senior Associate Licia Shreves will provide health care leasing services for the 105,000-square-foot Corpus Christi Medical Tower.
RXR Realty Lands $182M Refi for NYC Asset
The 665,000-square-foot office property, 470 Vanderbilt, is located in the Clinton Hill neighborhood of Brooklyn. Meridian Capital Group arranged the financing.
Partnership Sells MOB on Chicago’s North Side
Stanton Road Capital purchased the five-story lakefront medical office building from CarVal Investors and Zeller Realty Group.
Charlotte CBD Office Building Sells for $41M
Anchored by Bank of America, the 10-story property constructed in 1987 last changed hands less than three years ago. CBRE brokered the latest transaction.
Pinterest Inks 490 KSF Lease in San Francisco
The popular website will be the anchor tenant at Alexandria Real Estate Equities’ 88 Bluxome St., in the SoMa neighborhood.
New York Life REI Originates $94M for Bay Area Office Asset
The 20-year mortgage will be used to finance the redevelopment of Westlake Realty Group’s nine-story, 118,000-square-foot headquarters in San Mateo.