Office
German Fund Enters US Market With Boston Buy
The fund was advised by Northwood Investors. Newmark Knight Franks Boston-based debt team oversaw financing for the transaction and NKF has also been retained as the exclusive leasing and management arm for the property.
Vintage NYC Building Scores $430M Refi
The 675,000-square-foot, Class A property was built in 1909 and consists of two contiguous buildings near Union Square, Gramercy Park and Madison Square Park.
NREA, HYM Land $180M in Financing
The loan represents the first step in a long-term development plan and the formation of a strategic lending relationship between the two companies.
Notley’s Center for Social Innovation to Open in 2018
The venue will open in the spring of 2018 and will function as a community of nonprofits and social ventures to encourage collaboration, innovation and entrepreneurship.
First Phase of Upgrades Unveiled at Charlotte Office Tower
The 32-story asset is scheduled to undergo additional upgrades during the next several months, including corridor improvements and changes to retail.
Law Firm Signs Full-Floor Lease at Rudin’s 1675 Broadway
Cushman & Wakefield represented Ballard Spahr in the signing of a 27,000-square-foot lease at the Midtown Manhattan property. The tenant is expected to move from its Third Avenue location next year.
Mack-Cali’s NJ Horizon Center Hits the Market
The REIT named Newmark Knight Frank as exclusive agent for the sale of a six-building office/flex portfolio located in Hamilton, N.J. The sale is part of the firm’s disposition plan of non-core assets.
Dilweg Cos. Snaps Up Tampa Office Portfolio
HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.
Snapsheet Doubles Office Space at New Chicago Address
CBRE represented the tech company in the lease of 52,141 square feet of space at 1 N. Dearborn St., where it will be moving in January 2018.
NGKF Brokers $59M Anaheim Office Building Sale
The property consists of an eight-story office building and a six-level parking structure. The sale was involved in a 1031 tax deferred exchange. NGKF Capital Markets represented both the seller and the buyer in the transaction.