Shorenstein Acquires Tishman-Owned SoHo Office for $132.5 Million
Tishman Speyer completed the sale of a 12-story, Class A, boutique office space in Manhattan, N.Y.’s SoHo neighborhood for $132.5 million with an estimated price per square foot of $866. Newmark’s Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Avery Silverstein and Joshua King represented the seller during the negotiations.
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Shrinking Pipeline Makes Room for Over-Supplied Markets to Increase Absorption in Following Years
The significant reduction in office deliveries over the past few years leaves a void of best-in-class office offerings and creates an opportunity to fill this need with fully amenitized, class A+ space in prime locations.
King Street Locks Down $238M Refinancing for Research Triangle Campus
King Street Properties has obtained a $238 million loan to refinance debt for one of its industrial developments within North Carolina’s Research Triangle. Starwood Property Trust provided the capital for the first phase of an eventual 950,000-square-foot life sciences campus in Morrisville, N.C.
Tishman Speyer to Transform Chrysler Building Into World-Class Boutique Office
The extensive building improvement and hospitality program announced by Tishman Speyer aims to breathe new life into the 1.3 million square feet of Manhattan office space at the iconic skyline staple on Lexington Ave.
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