Office
DRA Advisors Sells Metro Atlanta Office Park
CBRE brokered the transaction and will retain leasing and management of the 1.2 million-square-foot asset, which includes 21 mid- and low-rise buildings along the I-85 corridor in Chamblee, Ga.
Shorenstein Snags US Bank Tower in Sacramento
With help from JLL, a joint venture between David S. Taylor Interests and Britannia Pacific Properties sold the 25-story Class A office high-rise at 621 Capitol Mall.
Ellis, Intercontinental Break Ground on Bay Area Office Tower
The Key at 12th will contain more than 300,000 square feet of office and retail space, and is expected to be complete by late 2019.
CBRE Lands Management of South FL Office
The office building, containing 100,000 square feet across two stories, was acquired by Fox Ridge Capital in December last year.
C&W Secures HQ Relocation Leases in Ft. Lauderdale
The C&W team of Jeff Holding, A.J. Belt and Christina Stine negotiated leases totaling 12,927 square feet of office space on behalf of tenants Marksman Security and Outer Reef Yachts.
JV Snags IL Office Park for $129M
Equity Office Properties Trust disposed of Central Park of Lisle I and II, an office campus in Lisle, Ill. HFF marketed the property on behalf of the seller and procured the buyer.
PitchBook Signs 34 KSF Midtown Manhattan Lease
PitchBook will occupy two floors in Columbia Property Trust’s 20-story office building, bringing the asset’s occupancy level to 84 percent.
Sector on the Mend in Houston
The metro’s office market has grown substantially in recent years, but faces a few challenges, such as the ongoing recovery from the drop in oil prices, a sometimes-unconstrained development pipeline, as well as the effects of Hurricane Harvey.
Hudson Pacific to Sell 4 Office Assets for $255M
Different buyers will purchase the properties, which are located in premier markets in Northern and Southern California. The proceeds will go toward value-add acquisitions.
DTLA Creative Campus Lands $122M Financing
George Smith Partners and Dekel Capital arranged the equity-and-debt package for Urban Offerings and ESI Ventures. The sponsors will use the proceeds to develop a 250,000-square-foot Class A project in the city’s Fashion District.