Office
Hempel Cos. Snags Minneapolis Office Asset
AtWater Group sold Concorde Executive Center, a 104,063-square-foot building in the Northwest submarket for $5.5 million. Cushman & Wakefield is in charge with the property’s management and leasing activities.
Founders Properties Snags Columbus Assets for $21M
The deal was a portfolio transaction and it included Northwoods II and 825 Tech Center Drive. The PNL Cos. was the seller.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Knotel Closes $60M Funding Led by Norwest Venture Partners
The “agile workspace” provider sought the financing to expand its global footprint, which now stands at more than 1.7 million square feet.
Austin Office Lands Coworking Tenant
Spaces will be occupying 53,000 square feet of AFIAA’s 123,000-square-foot, Class A, five-story office building in the city’s central business district. This is the global coworking provider’s first Austin location.
WeWork Takes Full-Building Office Lease in Manhattan
The deal marks the shared office provider’s third lease at a Columbia Property Trust-owned building in the borough. The two companies intend to convert the 102-year-old property into boutique office space.
Video: What Are the Industry’s Biggest Challenges?
Professionals attending CREW’s national event in San Diego last week cite such issues as construction costs and the talent wars.
JLL Building in Pittsburgh Adds New Tenant
Texas-based Insperity has opened a new district office in Millcraft Investments’ LEED Silver certified office building, which also houses The Coury Firm and Merrill Lynch.
JV Acquires SoCal Twin Towers for $107M
Equity Office Properties sold the office buildings in Torrance, Calif., to The Ruth Group and Roxborough Group, in a deal handled by Newmark Knight Frank.
Tryperion Partners Sells San Antonio Tech Center
St. Croix Capital Cos. purchased the three-building complex with the help of $11.9 million in acquisition financing. The property is within the University Park on Network Boulevard.