Office
DivcoWest Sells Austin Office Campus
HFF assisted the seller in the transaction and procured the buyer, a joint venture partnership between Vanderbilt Partners and True North Management Group.
Tenants Sign, Extend Leases at Refurbished MA Office Building
The 86,000-square-foot asset is located in Danvers, Mass., and features improved lobbies and common areas, upgraded HVAC and a reimagined landscape.
Friedman Secures Buyer for Detroit Office Building
The five-story, multi-tenant property is located in Detroit’s downtown area and offers 85,539 square feet of office and retail space.
Shanska Sells Oslo Office Building Shares
Entra purchased Skanska’s 50 percent shares in a 103,000-square-foot office building in Oslo, Norway. The property changed hands for roughly $95 million.
KBS Inks 33 KSF at San Francisco Office
Landmark Education and Pentaho both renewed leases at 353 Sacramento. The Class A, 23-story tower offers a total of 284,751 square feet of space, including 8,300 square feet of retail.
VTS Expands Manhattan Lease
The company occupied 15,769 square feet across the entire 11th floor and will now take over another 15,931 square feet on the 10th floor, keeping its headquarters location through 2024.
Laramar Opens Los Angeles HQ
The company will use the 3,100-square-foot asset for its Local platform, which deals with smaller properties. The new branch will focus on Koreatown, West Hollywood, and Echo Park residential assets.
BMG to Consolidate Operations on Music Row
The music company will relocate from two existing Nashville offices to a planned office building that will rise on the site of the Country Music Association’s former headquarters.
Out-of-Favor Assets Offer Higher Yields
Retail and non-CBD office are among the properties offering opportunity for better returns to investors willing to expand their strategies. You just need to know how to unearth their full potential, notes Resource Income and Opportunity REIT Senior Vice President Martin Caverly.
Detroit’s Orchestra Place Changes Hands
Marcus & Millichap closed on the sale of the five-story office building located in the city’s Midtown neighborhood. The buyer was a regional investment group.