Office
St. Petersburg Office Gets Facelift
Joint venture partners Denholtz Associates and Convergent Capital embarked on an expansive improvement program of the property, after acquiring it in 2016.
New Co-Working Company Opens Irvine Office
MODI Offices established its first location in a 20,000-square-foot building in Jeffrey Business Park. The company plans to open offices in Los Angeles, Portland, San Diego, as well as abroad in Beijing, Tokyo or Seoul.
DC-Area Assets Land $90M in Financing
Citizens Bank arranged the $49 million loan to refinance Georgetown Center in Washington, D.C. and the $41 million loan to finance the Old Centerville retail center in Centerville, Va.
Level 3 to Redevelop Iconic San Diego Building
Upgrades to The Wall, once a 1920s dance hall, will include a custom steel and wood front awning, exposed ceilings, skylights and a green living wall. SBMI Group bought the property last year for $2.8 million.
Ermenegildo Zegna Relocates in Midtown Manhattan
The luxury retailer will occupy 20,132 square feet of office space at SL Green’s 10 E. 53rd St., spreading throughout part of the sixth and the entire seventh floors. JLL brokered the deal.
Jackson Square Office Building Changes Hands in SF
Seth McKinnon and Tyler Meyerdirk of CBRE Capital Markets arranged the sale of the five-story, 15,432-square-foot property in San Francisco. At the time of the transaction, the building was 92 percent leased.
Defense Contractor Changes Base in Maryland
ELTA North America is tripling its footprint from the 7,500 square feet it occupied in Fulton, Md., less than 10 miles away from the new headquarters.
GE Taps Consigli Construction for Historic Boston Asset Renovations
The company will rehabilitate the two, six-story assets that total 95,000 square feet. The campus will be built under the LEED v4 rating, with features including rain water treatment and a vegetated rooftop terrace.
New York Office Asset Changes Hands in $25M Deal
One Lincoln Center underwent a $10 million renovation in 2016 and was 86 percent leased at the time of the transaction. The 17-story asset was built in 1970 and is the tallest building in Syracuse.
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.