CBRE
CBRE Secures Financing for Silicon Valley Asset
CBRE, on behalf of Vista Investment Group, negotiated a $25.5 million non-recourse loan for Valley Creative Center in San Jose, Calif. The 167,000-square-foot office/R&D campus is located in the heart of Silicon Valley’s Golden Triangle.
Economy Watch: Tech Impact on Office Space Stronger Than Ever
As mobile devices, videoconferencing and other technologies become more commonplace, organizations are increasingly thinking about how they can connect their employees more effectively in the office environment, according to CBRE’s latest Global Prime Office Occupancy Costs report.
Retail Outlook Not So Dire
The retail picture is not as dark as you think, according to a panel at the NAREE Real Estate Journalism Conference. Evolution is bringing new life to empty sites.
CBRE Leases Entire San Leandro Industrial Development
Wayfair and CEVA Freight have inked leases for the 163,000-square-foot property before its completion, as CBRE research points to a high demand for 32-foot clear height and ESFR sprinkler systems.
Uline Inc. Signs 1 MSF Lease Near Atlanta
Ackerman & Co. is developing the bulk distribution center, which is expected to be complete in late 2017. Uline Inc. is scheduled to move in during the first quarter of 2018.
CBRE Secures Loan for Carlsbad Mixed-Use Campus
Mark McGovern, Scott Peterson and Brian Cruz of CBRE negotiated a $16 million loan for the refinancing of a 146,000-square-foot asset in Carlsbad, Calif. Tenants at Carlsbad Commerce Center include Advanced Brain Monitoring, SabreSciences Inc. and GIMDx Inc.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.
Mizuho Consolidates NYC Offices on Avenue of the Americas
The Japanese bank will relocate its U.S. headquarters to the Rockefeller Group’s recently redeveloped 1271 Avenue of the Americas in Manhattan. The firm plans to occupy 148,000 square feet on the building’s below-grade, second and third floors.
NKF Adds LA Managing Director
Alex Bergeson specializes in landlord agency office leasing, tenant representation and investment sales. He joins from CBRE, where he managed a 1.5-million-square-foot office portfolio.
CBRE Secures 1031 Exchange Buyer for LA MOB
The 18,984 square-foot property changed hands for $5.4 million and is fully leased on a long-term basis to Avanti Hospitals.