Office
Is It Time for a Change?
Does your property need an update? Or have you recently completed some construction? This month, Commercial Property Executive and Kingsley Associates partnered to find out what tenants think of renovations.
Viking Partners Picks Up Knoxville Office Asset
Parkside Plaza features a strong tenant base and is home to notable companies such as Keller Williams, New Penn Financial and Raymond James.
Fresh Look for Suburban Boston Office Asset
A team led by Margulies Perruzzi Architects transformed National Development’s 100,000-square-foot property into a modernly amenitized building with new elements and a completely different design.
MA Office Property Lands 2 New Tenants
Markem-Imaje will be leasing 14,404 square feet and Dover Corp., its parent company, will be leasing 3,719 square feet, both on the second floor of 65 Grove St. in Watertown.
Skanska Sells Romanian Office Asset
Campus 6.1 is the first phase of a four-building office development in Bucharest. CA Immo purchased the property for $60 million.
Hines JV Refinances Orange County Office Campus
The $144 million financing package will be used to retire existing debt and fund leasing efforts for the 452,203-square-foot Class A office asset.
Pillsbury Winthrop Relocates Manhattan Offices
The international law firm signed a deal with Paramount Group Inc. to occupy nearly 90,000 square feet at a LEED Gold-certified trophy tower.
NY Office Complex Lands $120M Financing
Ginsburg Development Cos. and Robert Martin Co. will use the Bridge Investment Group-funded loan to pay for their acquisition and redevelopment of the existing buildings into a mixed-use development.
HqO Presents New Mobile App
The company introduced its platform at Jamestown’s Innovation and Design building in Boston. HqO’s mobile app offers tenants access to utilities, including visitor registration and parking.
How Does Labor Shortage Impact CRE?
As of January, there were 6.3 million unfilled jobs in the U.S., up 16 percent from 2017. In its report Where Are All the Workers?, JLL notes unfilled positions can lead to lower rents and increasing vacancy across property types.