Office
PNL Cos. Sells Suburban PA Office Building
The company received $15.5 million for Malvern Executive Center, a Class A property in Malvern, Penn., purchased five years ago through foreclosure.
Driverless Car Firm Signs 48 KSF Pasadena Lease
A CBRE team represented landlord EverWest Real Estate Investors in the transaction valued at $11.4 million with the San Francisco-based GM Cruise.
Admiral Capital Group Buys 2 Dallas-Area Office Assets
Totaling 260,000 square feet, the purchase included Duke Bridges III in Frisco and Parkwood Place in Plano. Stream Realty Partners will handle leasing and property management.
Atlanta Adaptive Reuse Project Opens Doors
Conversion work at the property began in March 2018, funded by nearly $10 million in construction financing from The State Bank and Trust Co.
New-Model Ford Gets Energy Makeover
The architects for the Ford Foundation Building’s $200 million makeover shed light on its sustainable highlights.
JV Completes DC Office Transformation
Akridge and Stars REI partnered on the 102,000-square-foot boutique office building, which replaces two Brutalist-style properties originally built in the 1970s.
Ardent Cos. Receives $284M for Atlanta Acquisition, Refi
A real estate debt fund associated with Brookfield Asset Management provided the floating-rate loan. An HFF and Cushman & Wakefield team worked on behalf of the borrower.
TransPerfect Relocates Global HQ to Manhattan’s Nomad Tower
The company signed a long-term lease with Global Holdings Management Group, which has owned the Midtown South trophy high-rise since late 2016.
NJ’s New Generation of Workspaces
Michael Sommer, executive vice president at Edison Properties, reveals how one of the largest office projects underway in Newark, N.J., acts as a catalyst for the revitalization of the area’s office space inventory and more.
Denver-Area Office Asset Sells for $18M
The seller, City Office REIT, had purchased the three buildings totaling nearly 200,000 square feet in mid-2014 for more than $25 million.