Office
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
State Farm Insurance Sells NJ Office Asset
The firm sold a five-story, Class A trophy asset in Parsippany to a private buyer. HFF negotiated the deal on behalf of the seller, while Transwestern represented the buyer.
Hudson Yards Officially Opens in NYC
Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.
Law Firm Signs 100 KSF Lease at 55 Hudson Yards
Boies Schiller Flexner took up four full floors within the 1.3 million-square-foot office building. The firm’s new space also features a 4,000-square-foot café.
JV Acquires German Office Asset
Ares Management Corp. and EDF Invest have teamed up to purchase the 629,688-square-foot IKB office building in Düsseldorf from IKP Deutsche Industriebank.
Lincoln Property Completes OC Office Campus Renovation
Katella Office Campus is a two-building, 150,000-square-foot property in Los Alamitos, Calif. The developer used a $21.2 million construction loan to implement the upgrades.
Petrus Partners Sells NC Office Park
CBRE provided assistance in the $23.2 million disposition of the four-building CentrePort Office Park in Greensboro. The asset previously traded in 2006.
San Jose R&D Property Lands $46M Bridge Loan
Working on behalf of Vertical Ventures, NorthMarq’s San Francisco office secured the financing for Hellyer Oaks, a two-building asset totaling nearly 350,000 square feet.
EDGE Hires New Property Management Director
Christina Martin joins the Washington, D.C.-focused firm’s team, building on more than 15 years of asset management experience with Investment Properties.
JV Sells Fully Leased Office Building in Richmond
Cushman & Wakefield | Thalhimer’s Capital Markets Group brokered the $7.5 million sale of Windsor I, a single-story building within the 62-acre Windsor Business Park.