CBRE
Invesco Inks 6 Leases at Premier Office Building in Boston
The transactions totaled 70,000 square feet of new leases and expansions signed by tech, energy, media, logistics and mechanical firms. The 220,311-square-foot property was recently renovated and holds several building certifications.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.
Broward County Business Center Commands $13M
The asset consists of two connected buildings mixing industrial and office spaces. The previous owner renovated the property after acquiring it in 2015.
What’s Next for Emerging Tech Hubs?
Tech companies seeking new office locations should look for “hidden gems”—markets of opportunity with lower costs and a large talent pool, according to JLL’s latest report.
The World’s Priciest Office Markets
CBRE’s annual office occupancy costs report highlights the strengths of gateway cities around the globe, including 12 in the U.S. that were among the 50 most expensive markets.
SGPS Snaps Up Atlanta-Area Medical Office Portfolio
The strategic location and accessibility of the assets will help the new owner fill the properties’ remaining vacancies by attracting tenants focused on surgical and diagnostic specialty centers.
Denver Office Building Trades for $37M
Amstar purchased a seven-story, 131,000-square-foot property in the Cherry Creek submarket of Denver. The company is planning to invest nearly $2 million in various upgrades.
Finmarc Nabs VA Shopping Center
Festival at Manassas, an 117,000-square-foot shopping center in Manassas, Va., traded for $20 million. Bill Kent of CBRE represented the seller, Katz Properties.
CBRE Arranges Sale of San Diego Office Building
Washington Capital Management sold a 40,000-square-foot office building in San Diego for $12.5 million. At the time of sale, the property was fully leased by the University of Southern California.
Mountain Development Grabs Premier Office Building in NJ
The firm has expanded its local footprint with the acquisition of a 170,000-square-foot, Class A office asset in New Providence, N.J. , which was previously owned by Pitcaim Properties.