Office
Belay, Harbor Associates Buy 2 Office Assets for $57M
In separate joint ventures, the partners acquired properties totaling 302,000 square feet in Denver and the suburban Los Angeles city of Glendale, Calif.
CBRE Brokers HQ Relocation for Jostens
Brian Fogelberg and Mark McCary directed the lease on behalf of the tenant. The new office spans across three floors at Minnesota Center.
Daishin Securities Acquires NYC Office Tower for $195M
ASB Real Estate Investments sold the 21-story landmarked Midtown office asset on behalf of its $7.3 billion Allegiance Fund, its core investment vehicle.
JLL Spark Invests in AI-Powered Workspace Optimization
The proptech division of commercial real estate services firm JLL spearheaded a $1.5 million funding round for the VergeSense sensing platform.
Shorenstein Buys San Diego Office Towers
Sorrento Towers North & South comprise 565,000 square feet across four buildings. Cushman & Wakefield advised the new owner on the transaction.
Top 10 Office Buildings With Highest Vacancies in the Twin Cities
Large corporate tenants have left behind considerable blocks of vacant space in the suburbs and relocated closer to the downtown areas, while landlords were upgrading undesirable buildings within city limits in order to attract and accommodate tenant needs.
GreenOak JV Pounces on the Lion Building
JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million.
European Credit Agency Evaluates WeWork Growth
The report from Scope Ratings and Scope Risk Solutions examines the ability of the high-profile coworking space provider to maintain its growth rate and the risks it poses to building owners.
Holder Properties Completes Blackbaud’s NC Headquarters
The office campus comprises 172,000 square feet and was designed to meet LEED Gold standards. The firm will also provide property management and office services.
Work Begins on Final Wade Park Office Building in Raleigh
Developer Dominion Realty Partners has once again teamed up with Prudential Global Investment Management for the construction of Wade V, which will take some 20 months to complete.