Office
Economy Watch: Office Sector Faces Softening, Ten-X Commercial Predicts
Demand remains tepid, despite employment growth that tops previous expansions. Ten-X Commercial also identifies the office sector’s top “buy” and “sell” metros.
MCA Signs New Tenant, Sells 6 in Vegas
The company sold five buildings from Lamb Technology Center with a significant profit, and an additional industrial property was disposed of after the tenant defaulted on its contract.
NKF Inks 98 KSF Lease at CA Office Park
Leidos signed a lease to occupy office space at 924 Overland Court in San Dimas, Calif., bringing the two-building office campus to full occupancy.
Rubenstein Partners Buys Stake in DC Trophy Building
The company cashed out $27.5 million for an 80 percent stake and plans to modernize the office property through a series of building and tenant service upgrades.
CBRE to Lease, Manage Charlotte Office Asset
The firm will handle both operations at the recently sold Four Resource Square, an office building featuring more than 150,000 square feet of premier space.
Irgens Snags $80M Financing for Milwaukee Office Tower
Walker & Dunlop Capital Markets secured the non-recourse loan for 833 East Michigan, a 359,000-square-foot, LEED Silver-certified building in the city’s central business district. Completed in 2016, the 17-story lakefront property became the first significant downtown office development in almost a decade.
Nasdaq Relocates HQ to 4 Times Square
The Durst Organization inked a 15-year lease with the company to bring its headquarters to Nasdaq’s current MarketSite location.
Arby’s to Relocate HQ in Atlanta
Columbia Property Trust inked a 12-year lease with the company to occupy 161,000 square feet at Three Glenlake.
Transwestern Closes 142 KSF Texas Leases
WorldVentures expanded its global headquarters to 125,000 square feet at Legacy Tennyson Center, while Affinion Group signed a lease contract for 17,153 square feet.
Northbridge Investment Nabs New Jersey Mid-Rise
HFF’s Investment Advisory team marketed the property on behalf of the seller, an institutional client, and procured the Canada-based buyer.