Office
Three Companies Ink Subleases in Fort Lauderdale
Health insurance provider Garrett Laughlin will relocate from its current home on East Broward Boulevard, while auto parts seller WBR Group and law firm Adams and Reese will open their first offices in the city.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.
CBRE to Buy Majority Stake in Caledon
Caledon manages some $7 billion of assets for institutional investors through a combination of direct investments and primary funds. Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions.
Foster + Partners Opens Dubai Office
With projects like the Index and two new Apple stores, the company’s new office will provide a regional base for the practice to serve clients in the UAE.
River City Chosen for Spec Office Development
The Rebkee Co. and developer Serabi are in the early stages of a plan to raze an existing warehouse at 949 Myers St. If plans are approved by the city, a 63,800-square-foot, three-story office building will rise on the site of the former Interbake Foods property.
C&W to Lease, Manage Atlanta Trophy Office Tower
The new owner acquired the property in early May and chose Cushman & Wakefield’s team of experts to spearhead leasing and management efforts.
Amazon Web Services Creates 1.5K Jobs in VA
The cloud services division of Amazon.com will take over the 406,855-square-foot Class A building at 13200 Woodland Park Road in Herndon, Va. One Dulles Tower features 406,855 square feet of office, 3,500 square feet of retail and a 10,000-square-foot data center.
Skanska Invests $49M in Sweden Office Project
Construction is set to start in the second quarter of 2017 and completion of Epic is slotted for the third quarter of 2019.
Manhattan’s GM Building Lands $2.3B Refi
Boston Properties has completed a $2.3 billion refinancing of the 50-story, 2 million-square-foot trophy tower. The financing includes interest-only payments and matures in 2027.
C&W Selected to Market Brinker HQ
Brinker International is set to relocate within the Cypress Waters development in Dallas in spring 2019. Cushman & Wakefield will be in charge of marketing the 110,000-square-foot office building.