Office
Easterly to Pay $430M for US Government-Leased Portfolio
The REIT is set to purchase a multi-state portfolio encompassing 1.5 million square feet. The deal brings the company’s completed or pending acquisitions to $514.9 million since the beginning of 2018.
HFF Arranges Financing for CO Office Asset
The six-story, Class A office building, which was built in 1998 and renovated in 2017, was 94 percent occupied at the time of the sale.
Richmond Honan Picks Up Atlanta Offices
A joint venture between Pope & Land Enterprises and Noro traded the two buildings for $44 million. The seller bought the property in 2015 for $24.5 million.
Cushman & Wakefield Research Head Offers Forecast for 2020
What’s in store for commercial real estate—slowdown, recession or neither? Revathi Greenwood presents the outlook at NAREE’s national conference in Las Vegas.
Ground Breaks on 1.4 MSF Chicago Office Tower
Howard Hughes Corp. and Riverside Investment & Development Co. have already signed Bank of America to a 500,000-square-foot lease at 110 North Wacker, scheduled for delivery in the fourth quarter of 2020.
Phoenix Investors Acquires PA Mixed-Use Asset
The 402,000-square-foot property in Athens is the former Ingersoll Rand manufacturing plant. The facility will undergo extensive renovations to become a Class A modernized property.
Encore Development Group Nabs MI Office Space
Founder Jason Hamama plans to redevelop the Troy asset and lease the full ground floor to a food retailer. The new tenant will join Japanese restaurant Benihana in the building.
Largest US Passive House Office Project Coming to Chicago
Just around the corner from Google’s new Midwest headquarters, the upcoming 12-story building is scheduled for completion in the first quarter of 2020.
KKR, Parkway Properties Buy 522 KSF Miami Office Tower
The joint venture partners purchased the 30-story building in the city’s central business district from PGIM Real Estate, which had owned the property since 2013.
Hines Sells 300 KSF Green Building in Phoenix
In the city’s largest office deal so far this year, an affiliate of New York Life Real Estate Investors acquired an eight-story asset in the Camelback Corridor.