Office
Baltimore’s Stadium Square Lands 35 KSF Co-Working Space
Amsterdam-based company Spaces will join Janney Montgomery Scott, a national financial services company, which recently moved into the project’s first office building.
Corporate Headquarters Design Leads the Way in Today’s Talent Wars
People who work at Toyota’s new North American headquarters sometimes feel like climbing a wall, and that’s just fine with management.
Principal Life Insurance Renews Fort Worth Lease
Principal Life Insurance Co. has renewed its 17,000-square-foot lease at One Rigmar Centre in Fort Worth, Texas. JLL negotiated the lease renewal on behalf of the tenant, while Navstar Commercial represented the landlord.
Apollo Commercial Provides $250M for Manhattan Office Project
The finance REIT’s loan is part of the $479 million construction financing package backing Cove Property Group’s Hudson Commons, a 700,000-square-foot office redevelopment and repositioning endeavor in the Hudson Yards/Penn Station submarket.
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
KBS REIT Snares $1B Financing Commitment
BofA, Wells Fargo and U.S. Bank were the joint lead arrangers of the three-year facility, which marks the largest single financing transaction in the company’s history.
Irvine Opens New Chicago Office, Makes Promotion
Beau Rawi, promoted to regional vice president of leasing, together with the company’s Executive Vice President Pamela Van Nort, will lead the team working from the new regional office.
Investcorp Makes $156M Manhattan Office Buy
The firm joined forces with Brickman to acquire two assets totaling 267,000 square feet. The Midtown Manhattan properties are fully occupied by more than 20 long-term tenants.
Under the Radar: 2018 Top Markets
Investors are no longer thinking big in big cities, as secondary markets have stolen the spotlight by offering younger and highly educated workforce, diverse economy and job opportunities. According to the Urban Land Institute and PwC’s Emerging Trends in Real Estate 2018 report, secondary markets have become successful replicas of the competitive metros, but where should you actually focus your attention?
Silicon Valley Office Portfolio Lands $195M
On behalf of Preylock Real Estate Holdings, Meridian Capital Group arranged a seven-year floating-rate loan that features an initial five-year term followed by two, one-year extension options and full-term interest-only payments.