Savills Studley
Konica Minolta Consolidates US Operations
The technology and IT services firm sold its Ramsey, N.J., headquarters through a sale-leaseback and acquired an adjacent industrial asset. The new campus will create 400 new jobs and house the firm’s current Connecticut operations.
Savills Studley Office Report: Shifting Concessions
Per the firm’s 2018 Effective Rent Index, rates continue to increase and concessions remain on the downswing in tech-centric cities, while markets dependent on traditional users experience the opposite.
American Bar Association Renews Chicago Lease
A team of brokers from Savills Studley, led by Eric Feinberg and John Goodman, negotiated the lease expansion on behalf of the organization. The agreement includes tenant improvement concessions and lower rent expenses.
StepStone Group Relocates Manhattan Offices
The private equity firm will occupy 30,000 square feet of space on Lexington Avenue to accommodate its business expansion. It has subleased its former location to a law firm.
NKF Brings New Senior Managing Director on Board
Former Savills Studley Managing Director Jim Brown will focus on client relationship, account management as well as defining product and commercial offerings.
JV Buys 199-Key Hotel in Downtown DC
The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.
LA Office Building Commands $196M
NKF Capital Markets represented Lincoln Property Co. in the sale of Wedbush Center, a 21-story tower at 1000 Wilshire in the city’s downtown.
HFF Arranges $160M Sale, Loan for Philly Office Tower
Acting on behalf of Equity Commonwealth, the firm arranged the disposition of the 826,000-square-foot building at 1600 Market St., and secured acquisition financing for the buyer, an affiliate of American Real Estate Partners.
World Class Buys 1.3 MSF Austin Campus
The company purchased the iconic 1.3 million-square-foot 3M Austin Center, where seller 3M will continue to occupy space for the remainder of 2018.
Flatiron Health Lands New NYC Headquarters
Savills Studley negotiated the long-term lease for Flatiron to occupy 108,000 square feet at One SoHo Square in Manhattan, come spring of 2018.