Office
Top 10 Chicago Office Buyers
Since January, the city has seen several notable transactions despite a rather slow start into the year. Two deals closed at prices surpassing $300 million.
11 KSF Office Sells in Northern NJ
The building, located near train service and highways, will be partially occupied by the new owner. The remaining space is being marketed to both office and retail tenants.
WeWork Signs 86 KSF for 1st Munich Location
Set to occupy four floors in Hines’ OSKAR building, WeWork was advised by NAI Apollo during the lease transaction.
NYU Doubles Presence in Brooklyn
The school will occupy the first two floors of the former MTA headquarters, a 530,000-square-foot office building in downtown Brooklyn. The asset is undergoing major renovations, which are expected to be complete in 2019.
NJ Office Building Receives $26M Financing
Cushman & Wakefield arranged the loan for Hudson Equities Management’s recent acquisition of an office building in Woodcliff Lake, N.J. The asset is set to undergo multimillion-dollar renovations.
South Florida’s Growing Tri-County Office Market
JLL EVP Ryan Nunes talked to CPE about Broward and Miami-Dade counties’ strong capital markets activity in 2015 and 2016, which paved the way for Palm Beach to become more active in 2017.
Onyx Equities JV Expands NJ Office Portfolio
The acquisition marks Onyx Equities’ and Garrison Investment Group’s fifth venture, expanding the joint portfolio to 1.4 million square feet.
APG Acquires $22M Atlanta Office Park
The company purchased Shadowood Office Park from The Ardent Cos. The sale was subject to a $19 million loan held by SunTrust Bank.
LA Office Campus Fetches $117M
NKF Capital Markets represented Rockwood Capital and Marshall Property in the sale of the 203,946-square-foot Class A property to Deutsche Asset & Wealth Management.
Morning Calm Closes Suburban DC Office Value-Add Deal
The nearly 300,000-square-foot park is less than half occupied, but its immediate environs look to be on the verge of a boom.