The wire

Larger occupiers drive stronger Kowloon office leasing activity

Dream Office Real Estate Investment Trst (TSE:D.UN) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

BXP Acquires Boston-Area Office Buildings for $30M

Boston-based real estate investment trust BXP has acquired a pair of office buildings in Waltham, MA for a total of $30 million following a rezoning of the area. The REIT paid $17 million for 860 Winter St. and $13 mi…

346K-SF Newport Beach Office Building Trades Hands

Granite Properties sold its 346,300-square-foot office building at 100 Bayview Circle in Newport Beach, California. An L.A. Business First report states the building was 88% leased at the time to 36 tenants. Newmark b…

Reuben Brothers’ Jordana Yechiel On the Firm’s Big Bet on Century City

Century City has long been one of Los Angeles’ most concentrated office districts, but Reuben Brothers is betting that the area’s next chapter will look far more residential, experiential and luxury-driven. At Century…

Investor Duo Inks Refi on 301K-SF Torrance Office Property

Waterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California. Originally constructed in 1988, Th…

Downtown D.C. Office Conversion Secures $176M Loan, New Majority Partner

One of Washington, D.C.’s largest office-to-residential redevelopments has secured a new majority partner and $175.6 million in construction financing. A partnership of Stonebridge , the Bernstein Companies and Criter…

Sagehall Picks Up Chetrit Organization’s 428 Broadway for $47M

An entity linked to New York City-based private real estate investment firm Sagehall has purchased Chetrit Organization ’s office building at 428 Broadway for $47 million, according to city records filed Thursday . Ja…

Manhattan office leasing drops 16% in August but still beats historical averages

JLL Arranges Loan for Refinancing of 121,115 SF Office Building in Southwest Austin

AUSTIN, TEXAS — JLL has arranged a loan of an undisclosed amount for Rollingwood III, a 121,115-square-foot office building in southwest Austin. Built in 2019, the building is one of three within Rollingwood Center, a…

Philly Office Tower Receives $50M in Financing

Accesso Signs Piedmont Health Services to 24,000 SF Office Lease in Durham

DURHAM, N.C. — Accesso has signed a 24,000-square-foot lease with Piedmont Health Services, a North Carolina-based nonprofit healthcare system, in Durham. The tenant will occupy two spaces within two different buildin…

Adirondack Capital Partners Arranges $10.1M Sale of Office Complex in Albany, New York

ALBANY, N.Y. — Regional brokerage Adirondack Capital Partners (ACP) has arranged the $10.1 million sale of Omni Plaza, a 415,000-square-foot office complex in Albany. Located in the state capital’s downtown area, Omni…

Family Office Sells Land Under 575-Unit West San Jose Project for $22.3MM Ahead of Groundbreaking

Six weeks after San Jose cleared the corner of Stevens Creek Boulevard and Saratoga Avenue for 575 apartments, the land itself sold for $22,310,500, with a private family office selling out as the development team con…

Office leasing enters cautious phase as firms reassess expansion plans

News | Professional services firms emerge as driver of office leasing recovery

Industrious Adds 19th L.A.-Area Location at Caruso’s Masonic Temple

Coworking giant Industrious is adding another location in Southern California, this time at one of the more recognizable office properties in Glendale. The flexible office provider has signed for 12,000 square feet ac…

Citadel Credit Closes $50M Philly Office Tower Loan