Office
WeWork Scores $4.4B Investment
SoftBank Group and the SoftBank Vision Fund will purchase new shares in the collaborative workspace company, while also financing its growth in China, Japan, Southeast Asia and Korea.
Most Sectors Near Peak, But Crash Unlikely: RCLCO
A strong economy and healthy property market fundamentals will sustain positive operating and investment performance into 2018, the advisory firm projects in a new report.
Davis Cos. Buys 137 KSF MA Office Asset
KBS Realty Advisors sold the 137,000-square-foot property, which is located at 625 Mount Auburn St. in Cambridge, two miles west of Harvard Square and less than one mile from Mt. Auburn Hospital.
North SF Office Asset Changes Hands
Sunhill Enterprises LP purchased a 16,900-square-foot office building in San Francisco’s North Beach neighborhood. The property features upgraded and newly remodeled second and third floors.
Northwestern Mutual’s New HQ Opens in Milwaukee
The 1.1 million-square-foot project on Lake Michigan will house about 2,400 employees, relocating them from the company’s downtown and Franklin campuses.
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
doTerra Expands Corporate Campus in Utah
The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.
JLL Facilitates HQ Relocation for Houston Company
INOVA Geophysical inked a 37,715-square-foot lease in Sugar Land, Texas, a suburb of Houston. The seismic company’s new headquarters will be just three miles from its former office.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.
JV Snags $60M Newport Beach Office Asset
NKF’s Capital Markets team represented the seller, TA Associates, in the disposition of 4400 MacArthur, a nine-story office building located within the master-planned Koll Center Newport.