Office
Bay Area Office Asset Changes Hands
Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.
Gladstone Buys Suburban Philly Office Asset
The firm acquired a 60,016-square-foot office building for $15.45 million. The property has been fully leased to construction contractor Jacobs Engineering Group Inc. since its completion in 1997.
Silicon Valley Project Lands $79M Construction Loan
Development on Broadway Station will start in the third quarter, with delivery expected in the summer of 2019. Chan Zuckerberg Initiative already preleased the entire building.
Medical Company Relocates HQ From NoVa to Baltimore
The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm’s new base is owned by Bernstein Management.
On the Market: 5 Interesting Listings for June
This month’s listings include a waterfront restaurant in Florida and a rustic retail storefront with second-floor condos in New Mexico.
West Coast’s Tallest Building Open for Business
Korean Air and Hanjin Group developed Wilshire Grand Center, a $1.1 billion skyscraper, which brings offices, a luxury hotel and convention space to downtown Los Angeles.
FiscalNote Relocates DC Headquarters
The company will occupy an entire floor, totaling 38,000 square feet, in the Heurich Building. The D.C. Mayor’s office granted FiscalNote a $750,000 incentive to remain in the area.
JV Scores Prime Boston-Area Office Portfolio for $270M
Longfellow Real Estate Partners has teamed up with Morgan Stanley to acquire three Class A office and tech properties totaling 605,873 square feet in Cambridge, Mass. Longfellow will handle the building operations on behalf of the joint venture.
Mammoth 1 MSF San Jose Office Project in Talks
TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has submitted a preliminary review application to the City of San Jose for the development of three six-story buildings.
The Domain Thrives in Austin
TIER REIT is about to begin construction on a 324,000-square-foot, 16-story office building within the booming live-work-play community on the city’s northwest side.