Regions
Economy Watch: Employment Stable in Most States
Unemployment rates were higher in August in only eight states, lower in one state, and stable in 41 states and D.C., according to the Bureau of Labor Statistics latest jobs report.
Introducing Irvine’s Tallest Office Tower Yet
Developed in less than two years, 400 Spectrum Center overlooks Orange County from 323 feet in the air—just a few inches more than its sister building, 200 Spectrum Center.
Phoenix Industrial Portfolio Trades for $12M
Lee & Associates brokered the sale of seven industrial assets totaling 95,000 square feet. The portfolio is fully leased to Horizon Distributors Inc. for five years.
SL Green, RXR to Buy Stake in NYC’s Worldwide Plaza
The joint venture will become co-owner of the 2 million-square-foot mixed-use property with the acquisition of a 48.7 percent interest from New York REIT. The deal values the trophy asset at more than $1.7 billion.
Trophy Office Building Coming to DC
Akridge and Stars Investments are teaming up to redevelop two brutalist structures into one freestanding, 100,000-square-foot project situated on one of the city’s most powerful streets.
Priam Capital Acquires Second Indianapolis Office Building
JLL brokered the transaction on behalf the seller, Colony Northstar. The asset is a 116,248-square-foot property located approximately 15 minutes from downtown.
Southern Land Opens First Denver Office
Director of acquisitions Alex Woodin will be in charge of the new location and will relocate from the firm’s Nashville, Tenn., headquarters. Southern Land’s new branch is operating out of WeWork.
Portland Historic Office Buildings Change Hands
NBP Capital acquired the Blagen Block and the New Market Theater in Portland’s CBD. The two buildings are among the few remaining Victorian Italianate buildings in the city.
GSEMA Moves HQ in the Heart of Boston’s Back Bay
Girl Scouts of Eastern Massachusetts signed a long-term lease with A.W. Perry for a new headquarters location at The Berkeley, a recently renovated historic building.
EdgeConneX Furthers International Expansion
The company plans to build its 40th Edge Data Center in Toronto, Canada. The multi-tenant facility will offer high-density power, along with N+1 design for redundancy purposes.