Office CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
More Office Stories
Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way.
Latest Atlanta & Southeast Office Stories
Raleigh, NC-based Highwoods Properties, Inc., has completed the acquisition of the 650 South Tryon building in Charlotte, NC for $203 million. The 18-story property, “Legacy Union SIX50,” is within Charlotte CBD’s Legacy Union mixed-use development. Highwoods’ total investment includes $5.2 million of anticipated leasing capital expenditures to bring the property to stabilization and is net …
Cushman & Wakefield has arranged a new 51,042-square-foot lease at Northcreek Office Park in Atlanta, GA for Cleveland Electric Company. The company will occupy three floors in Building 100 within the complex and is building a creative outdoor patio space for its employees. Aileen Almassy and Melanie Garlock with Cushman & Wakefield represented the building …
Latest Boston & New England Office Stories
Newmark has completed seven leases totaling more than 30,000 square feet at 211 Congress Street in the Financial District of Boston, MA. The 11-story office building totals 80,000 square feet. Jason Cameron, Jim Brady and Liam O’Connor represented the property, which is owned by an affiliate of Drucker Associates. The asset is managed by Lincoln …
JLL has arranged a $230-million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling 262,000 square feet in Somerville, MA. Brett Paulsrud, Henry Schaffer and Mike Shepard of JLL represented DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance America to secure the non-recourse construction loan with …
Latest California Office Stories
Cushman & Wakefield has brokered the $4 million sale of a mixed-use office and residential property in downtown Encinitas, CA. The unique two-story building totals 3,400 square feet and houses four office tenants and a residential tenant. A&W CA, LLC purchased the property from E & E Properties as part of a 1031 exchange. “The …
Lewis Retail Centers, a shopping center developer in California and Nevada, has unveiled Town Center at the Preserve, a retail and office neighborhood center in Chino, CA. The development, encompassing 170,000-square-feet is expected to open in the summer of 2023. “This center offers vibrant Main Street retail, including an active street front, mixed-use units and …
Latest Chicago & Midwest Office Stories
(Updated with additional information) 601W Companies has secured a total of $215.1 million in financing for its redevelopment of 801 S. Canal St. in Chicago’s Southwest Loop as multi-tenant office space. Bank OZK provided a $147.5-million senior loan, while Lionheart Strategic Management LLC, a Fisher Brothers affiliate, originated a $67.6-million investment in the form of …
Chicago-based global architecture firm Goettsch Partners has named James Zheng as CEO, while Paul De Santis joins James Goettsch as co-design directors for the practice. As the primary partners in the firm, the three have worked closely together for more than 17 years. Goettsch will continue to serve as chairman while Zheng now assumes the …
Latest Florida & Gulf Coast Office Stories
Dacra has secured a $43.6 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Scott Wadler, Matthew Nihan and Michael Basinski of Berkadia arranged the financing on behalf of Dacra, a pioneer of the Miami Design District that owns well over one million square feet. LMF provided a 10-year, fixed-rate …
CBRE has arranged the sale of Wells Fargo Center, a Class A 393,649-square foot office building in Tampa, FL. The buyer is an investor group led by the Feil Organization, a division of which will manage the property. Dale Peterson, Christian Lee, Tom Rappa, Joe Chick and Kristen McFarland Hagen of CBRE represented the seller, …
Latest Global Office Stories
Sustainability has been a watchword for Hines since Gerald Hines founded it in 1957—even if, as the company’s Peter Epping points out, “It wasn’t called sustainability then, or ESG or any other acronym. For him, it was the durability of the buildings and the quality, their longevity and what impact they would have on the …
While many of the world’s leading commercial real estate markets in North America, Western Europe and Australasia are becoming more transparent, most other countries struggle to maintain the pace of transparency improvement. These findings are according to the biennial, proprietary Global Real Estate Transparency Index (GRETI) from JLL and LaSalle, which provides a benchmark of market …
Latest Lenders Office Stories
Latest National Office Stories
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young brand and the deal is expected to close in September. The acquisition includes more than 20 million square feet and 235 team …
Sustainability has been a watchword for Hines since Gerald Hines founded it in 1957—even if, as the company’s Peter Epping points out, “It wasn’t called sustainability then, or ESG or any other acronym. For him, it was the durability of the buildings and the quality, their longevity and what impact they would have on the …
Latest New York & Tri-State Office Stories
Lee & Associates NYC represented Lucid Management and Capital Partners LP, a specialized fixed-income asset management firm, in a 3,900-square-foot office lease at 295 Madison Ave. in Midtown. Lucid will occupy the entire 39th floor as its global headquarters. Lee NYC previously represented the firm in 2021 when it moved into this space as a …
Avison Young has been named exclusive leasing agent for Ivanhoé Cambridge’s 85 Broad St., a 1.1 million-square-foot, 30-story, class-A office building in Lower Manhattan’s Financial District. A New York-based Avison Young team led by Keith Caggiano, with Todd Korren, Patrick Steffens and Rachel Rosenfeld, as well as Harry Klaff, global president of clients, will represent …
Latest Phoenix & Southwest Office Stories
Federal Realty Investment Trust paid $53.6 million for Scottsdale Forum, a 214,000 square foot office in Scottsdale, Arizona. The property was sold by CapRidge Partners for what amounted to $251 a square foot. Built in 1988 and recently renovated, the ornate office building is situated on 7.13 acres at 6263 N. Scottsdale Rd. It’s adjacent …
Breakthrough Properties has acquired 9.3 acres in order to construct a four-building life science campus in Boulder. The company is planning a 164,000 square foot office, lab and flex development named Boulder 38 by Breakthrough. Breakthrough Properties is joining forces with Tishman Speyer and Bellco Capital. Located at 38th Street and Arapahoe Avenue, the campus …
Latest Seattle & Northwest Office Stories
Medical supply company Bttn is growing, signing a new lease at 424 2nd Ave. W in the Lower Queen Anne neighborhood of Seattle. Colliers facilitated the agreement for the 28,500-square-foot space, a significant expansion from Bttn’s original location on Canal Street in the Fremont District. “This additional space will be the catalyst for our continued …
Beam Reach Partners has unveiled KANON, a proposed 740,000-square-foot, two-tower, 16-story office development in Bellevue, WA. The project, which is located just steps away from the new Downtown light rail stop, is expected to break ground late in 2023 for a mid-2026 delivery. “We are excited to introduce this thoughtfully designed project that will be …
Latest Texas Office Stories
The oil and gas equipment company has been situated in North Houston for the last five years. But next year Baker Hughes will be moving to new offices at 575 Dairy Ashford Road, off the Katy Tollway within the Houston Energy Corridor. Their news offices will consist of about 130,000 square feet of space, a …
The Texas Hill Country town of 6,000, about an hour NW of Austin, is going to start growing fast, very fast. The town council recently approved a new mixed-use development, which will include 1,300 homes, 264 multi-family units and commercial and retail space. It’s going to be called Legacy Crossing and it’s situated on 546 …
Latest Washington DC Office Stories
Mesirow has led the $275-million financing of NASA’s Washington, DC headquarters. The property is owned by Hana Alternative Asset Management and managed by Ocean West Capital Partners. Proceeds from the financing provided the partnership with attractive fixed rate pricing on debt to be repaid on an interest only basis until the loan’s 2028 maturity date …
Savills has hired David Fitzgerald as managing director. He will represent tenants in transaction management, lease negotiation, project management, portfolio optimization and budget forecasting from the company’s office in McLean, VA. In addition to tenant lease and transaction management, Fitzgerald will work closely with the firm’s key business functions such as portfolio strategy, workplace and …