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.
Rising Ground Inks New Lease for 27,000-Square-Foot Brooklyn Office Space
Rising Ground, a prominent human services organization, is relocating its downtown Brooklyn office to 111 Livingston St. The nonprofit has signed a 15-year lease for 27,147 square feet on the 19th and 20th floors of the building.
Cabot Properties Snaps Up Major Inland Empire Industrial Portfolio
Cabot Properties has acquired a four-property industrial portfolio in southern California’s Inland Empire for $202 million. The portfolio, totaling nearly 670,000 square feet, was previously owned by an affiliate of Blackstone’s Link Logistics.
Joint Venture Acquires Springfield Commons Shopping Center
The property includes roughly 120,000 square feet of suburban Washington, D.C., retail space and was nearly 80% leased at the time of purchase. Its new owners expect to bring leasing to nearly 100% in the short term.
TRG Development & Grandview Partners Secure $100M Loan for Dallas Industrial Park
Grandview Partners and TRG Development obtained nearly $100 million in financing for Core45, a 1.64-million-square-foot industrial park in Wilmer, Texas. Benefit Street Partners provided the loan that will be used to refinance existing debt acquired by the property in December 2021.
CIM Group Forecloses on Manhattan Boutique Office Owned by Arch Companies
CIM Group — a real estate lender, developer and operator — has foreclosed on an Arch Companies-owned boutique office space in Manhattan. This action follows months of turmoil for Arch, including internal disputes and financial difficulties.
Miami Office Tower Changes Hands in Historic Sale
The commercial property changed hands in an all-cash transaction that was one of the biggest sales to close in the state of Florida, to date.
Rockpoint Sells Stake in San Diego Business Park
Rockpoint has sold its stake in the San Diego business park located in the submarket of Otay Mesa on Sanyo Avenue to acquisition partner Badiee Development, marking the third investment this joint venture handled together.
Blue Owl Capital Grows Presence at Seagram Building
Blue Owl Capital has significantly expanded its footprint at RFR Holding’s iconic Seagram Building. The firm renewed its existing lease for 168,597 square feet on floors two through six and added an additional 70,076 square feet on floors 16 through 19.
Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million
A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.
Clarion Partners Secures Refinancing for Boston-Area Life Sciences Property
Clarion Partners has secured a $94 million loan to refinance Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston.Â
