Office
SLC Office Campus Changes Hands
The Muller Co. has teamed up with Cerberus Capital Management to acquire Canyon Park Technology Center, a 924,634-square-foot campus in Orem, Utah.
Embracing the Creative Office Concept: Tools and Benefits
Olive Hill Group’s Tim Lee spoke to CPE about luxury amenities that have become the norm and the most in-demand facilities for Millennials and Gen Z.
PPL Corp. Acquires Safari Energy
The transaction will not alter PPL’s core business strategy, but will allow it to take part in the growth of distributed energy resources, including energy storage.
AY Closes $8M Sale of WPB Office Asset
Carrier Corp. is the only tenant of the 37,392-square-foot The Atrium. The asset changed hands within 45 days of hitting the market.
Skanska Invests $41M in Poland Office Campus Expansion
The High5ive complex will be the largest office development in the city of Krakow, totaling around 753,000 leasable square feet across five buildings.
Retail Properties of America Sells Last Office Asset
Schaumburg Towers in Schaumburg, Ill. comprises 895,400 square feet across 20 floors and sold for $86.6 million, a $51.4 million difference since the company purchased the campus in 2004.
Meridian Arranges $240M Loan for NYC Office Tower
The Hakimian Organization will utilize the proceeds to refinance 636 11th Ave., a 560,000-square-foot property fully leased to advertising and public relations firm Ogilvy & Mather.
Charles Schwab Opens 50-Acre Campus, Expansion to Follow
San Francisco-based Charles Schwab opened its new 469,000-square-foot campus in Austin, Texas, as it aims to expand its presence in the state.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
Top 8 Office Completions in Kansas City
During the last 12 months, the metro added almost 1 million square feet of new office space, most of the projects favoring the dynamic College Boulevard business corridor in the Overland Park submarket.