Deals
Focusing on commercial property transactions? Stay up to date with the latest investment sales and lease agreements across all major commercial property types: Both traditional and flexible office space properties, retail spaces, industrial real estate, life sciences, data centers, and more.
BXP Lands $1.2 Billion Construction Loan for Midtown Office Tower
Boston-based BXP’s planned 930,000-square-foot tower at 343 Madison Ave. has secured a $1.2 billion construction loan, a massive chunk of the estimated $2 billion needed to complete the development of 46-story prime office space in Manhattan, N.Y., situated near Grand Central Terminal’s Madison Concourse.
Major Industrial Deal: PCCP & Stonemont Acquire $1B+ Portfolio From Blackstone
A joint venture between PCCP and Stonemont Financial Group has officially finalized the acquisition of a massive, 5.9-million-square-foot industrial portfolio from seller Blackstone. The off-market transaction closed on July 29 for upwards of $1 billion with advisory services provided by Eastdil Secured. Financing for the purchase was arranged through debt from JP Morgan and Wells Fargo with Eastdil Secured advising on the debt execution, as well.
NVIDIA Inks 27,600-Square-Foot Lease at Downtown D.C. Office Building
Artificial intelligence chipmaker NVIDIA has signed a 27,600-square-foot sublease at Douglas Development’s Woodies Building, located at 1025 F St. NW. The transaction marks the Santa Clara, Calif.-based company as the latest technology giant to secure premier office space in Washington, D.C. amid a broader trend of demand concentrating within the market’s most prestigious properties.
Hollywood Studio Headed Toward Distress Sale After Default on $357 Million Loan
Hackman Capital Partners is expected to bring Television City back to the market. The financial pressure on Hackman Capital is substantial as a lender group led by Deutsche Bank filed a notice of default last month claiming they were owed more than $357 million.
Law Firm Loeb & Loeb Increases Footprint at Rudin-Owned Midtown Office Tower
Loeb & Loeb, a global law firm with a roster of more than 450 attorneys spanning the United States and Asia, has committed to a long-term expansion of its New York City headquarters. Landlord Rudin secured a 16-year lease extension for its current 160,051-square-foot premises, which occupies the 18th through 21st floors of 345 Park Ave. in Midtown East.
Shorenstein Buys Trophy Office Tower in Nashville, Tenn.
The Moore Building acquisition aligns with the company’s investment strategy, offering durable in-place cash flow and long-term, high-quality tenancy.
Boston Dynamics Inks Office Lease in Boston Submarket
The Boston Dynamics office lease is expected to begin occupancy in mid-2027, with the company planning to consolidate operations into a state-of-the-art robotics and AI center.
Joint Venture Locks Down Nearly $1 Billion in Refinancing for Northern Virginia Data Center
A joint venture between Corscale Data Centers and Affinius Capital has secured a $975 million refinancing package for Project Helios, a newly constructed data center that’s part of the Gainesville Crossing Data Center Campus in northern Virginia. Functioning as a refinancing of the facility’s original construction loan, the transaction stands as one of the largest financing agreements recorded to date for a commercial real estate space in Gainesville, Va.
$138 Million Refinancing & Recapitalization Locked in for 370 Lexington Ave.
A $138 million refinancing and recapitalization has been finalized for 370 Lexington Ave., a recently modernized, 317,000-square-foot Manhattan, N.Y., office space within the city’s Grand Central submarket. The transaction was announced by the New York City-based real estate investment and development firm Broad Street Development (BSD) and real estate investment, development and operating firm KSR Capital.
Google Stays Put, Renews Lease at 315 Hudson St.
Google is maintaining its massive presence in Hudson Square, finalizing a renewal for its 410,556-square-foot headquarters at 315 Hudson St. This commitment underscores the technology giant’s ongoing Manhattan office space investments, even as it adjusts its broader real estate footprint.
