Office
Economy Watch: Office Absorption Posts Strong ’17
Vacancy declined in a variety of markets, and top metros posted significant gains in rental rates, Transwestern reports.
McGuireWoods Relocating NYC Office
The firm has signed a 15-year lease to occupy 41,900 square feet at 1251 Avenue of the Americas, a 54-story office tower Mitsui Fudosan America Inc. owns in Midtown Manhattan.
Morning Calm Acquires Baltimore Office Asset
TIER REIT Inc. sold the 280,000-square-foot building at 500 East Pratt St., which marks the buyer’s third acquisition in the metro in just over a year.
Equity Office Secures New Tenant at Chicago Office Building
Gartner Inc. will be moving its Midwest operations to one of Equity’s River North Point’s assets in order to accommodate its business expansion.
Majestic Asset JV Nabs 2 LA-Area Office Buildings
Equity Office Property Trust sold the 94,000-square-foot Westlake Gardens. NKF Capital Markets negotiated the deal on behalf of the seller.
ASB to Sell Infomart Dallas for $800M
The 1.6 million-square-foot data center and office complex the company purchased in 2005 will soon come under Equinix Inc.’s ownership, in a cash and stock transaction.
Top 10 Office Developers in the Northeast US
In this region, companies strive to deliver massive office buildings featuring high-end amenities, with Manhattan’s Hudson Yards mega-campus leading the way.
Brookfield Sells SoCal Office Asset
Atlantic Pearl Investments purchased the Class A, 78,000-square-foot Long Beach property. CBRE negotiated the deal on behalf of the seller.
Hall Capital Snags $36M SC Office Asset
CBRE represented the seller, a partnership between Trinity Capital Advisors and Durlach Associates, in the disposition of Faber Plaza, a five-story Class A office building in Charleston.
R&B Realty Readies for Miami Office Groundbreaking
The developer plans to break ground on The Gateway at Wynwood in the next 90 days, and has retained Colliers’ Stephen Rutchik to spearhead leasing efforts at the property.