Capital improvement
Miami CBD Tower to Undergo $10M Reno
One Biscayne Tower added a new tenant amidst the capital improvement program. Law firm Buchanan Ingersoll & Rooney plans to relocate later this year in April.
New York Life Acquires Atlanta Office Tower for $166M
Crocker Partners sold the 433,000-square-foot Prominence in Buckhead. The asset is scheduled to undergo a capital improvements plan to upgrade the lobby, amenities and common areas.
Atlanta Office Sells for $83M
The Brookdale Group, which acquired the nearly 280,000-square-foot Class A asset in 2015 for $53 million, renovated the property in 2016.
Rockbridge Selects New Management for ME Hotel
Interstate Hotels & Resorts will oversee management operations at the 289-key asset in Portland’s Arts District. The historic property opened its doors in 1927.
Equus Capital Acquires Dallas-Area Office Building
The company purchased a 207,000-square-foot Class A property in Plano, which it plans to renovate and rebrand as Gateway of Legacy.
Inland Empire Office Changes Hands
CIP Real Estate traded the building, which contains more than 70,000 square feet of Class A space, for upwards of $20 million.
Swift Real Estate Acquires San Francisco Office Building
The buyer funded the transaction with an acquisition and development loan from a private lender. The 1912-built historic property is almost fully leased.
Clarion Partners Completes $135M Seattle Office Purchase
Kilroy Realty sold the property seven years after acquiring it from HAL Real Estate for more than $100 million.
Google Unveils $1 Billion Manhattan Campus
The tech giant announced it will occupy 1.7 million square feet at three locations in the Hudson Square neighborhood to create Google Hudson Square.
Avison Young to Lease DC Office Asset
The RMR Group has scheduled an extensive 2019 renovation program for the Class A property known as 11 Dupont Circle.