Office
JV Lands $47M Loan for DC Office Portfolio
Coretrust Capital Partners and Normandy Real Estate Partners tapped HFF to secure financing for the 185,671-square-foot Reston Metro Center One & Two. The floating-rate loan was provided by AllianceBernstein.
Warba Bank Acquires New Englewood Office Asset
This is the third transaction that Bentall Kennedy has completed this year in its role as advisor to the Kuwaiti financial firm.
Pacific Center Changes Hands in Torrance, CA
HFF worked on behalf of the seller, Stream Realty Partners, and procured the buyer. The class A office building currently has eight vacant spaces.
Well-Located Dallas Office Asset Changes Hands
A private investor sold the 32,000-square-foot office building in Dallas to a limited liability company. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller and secured the buyer.
AQUILA Inks Lease Renewal at Austin Office Park
Kristi Svec Simmons and Max McDonald of AQUILA Commercial worked on behalf of the tenant in the lease negotiations. Metadot Corp. is the company behind Das Keyboard, Mojo Helpdesk and Montastic.
DC-Area Office Asset Lands $33M Loan
The six-story property is close to Twinbrook Metro Station and last underwent thorough renovations in 2004. The current owner bought the building in 2005 from JBG Cos.
Empire State Realty Inks 85 KSF at NYC Office Asset
The company secured the American Society of Composers, Authors and Publishers with a long-term lease to occupy four floors at 250 West 57th St. in Manhattan. CBRE represented ASCAP in the negotiations.
Japanese Company Buys NYC Office for $468M
UNIZO Holdings purchased 685 Third Ave., a 31-story building in Midtown Manhattan, from a joint venture between TH Real Estate, an affiliate of Nuveen, and Future Fund of Australia.
L&L Holding, JP Morgan Form JV to Invest $4B in NYC CRE
The new $500 million partnership will acquire and develop properties throughout the Big Apple, with a strong focus on value-add office assets in Manhattan.
True North Expands Canada Office Footprint
The REIT paid $106.1 million to acquire five Class A buildings in Victoria, Greater Toronto, Ottawa, Halifax and Cambridge, offering a combined 492,900 square feet of rentable space.