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.

aerial view of Financial District

Carlo Bellini-Owned Financial District Office Changes Hands in $297 Million Transaction

Carlo Bellini’s 99c has expanded its footprint across New York City with the acquisition of a 1.2-million-square-foot office tower in Manhattan’s Financial District. The company forked over $297 million to buy 180 Maiden Lane from a joint venture between Clarion Partners and MHP Real Estate.

aerial view of Pennsylvania Avenue DC

Sterling Bay Signs Leases with U.S. Travel Association & CEPI in Renovated D.C. Office

A joint venture comprised of Chicago-based Sterling Bay — along with MRP Realty and Declaration Partners — inked two new leases with the U.S. Travel Association and the Coalition for Epidemic Preparedness Innovations (CEPI) for a total of 25,745 square feet at its Washington, D.C. offices at 1899 Pennsylvania Ave.

Westwood California office spaces

Harbor Associates Secures Refinancing of Formerly Distressed Westwood Office

Harbor Associates and F&F Capital Group secured a $36.3 million refinancing loan from Argentic Real Estate Finance. The five-year loan with a fixed interest rate of 7.5% will be used to pay off existing debt on the 158,000-square-foot property located 1640 Sepulveda Blvd.

art gallery

RFR Fetches $560 Million for Upper East Side Property

Aby Rosen’s RFR Holding recently sold 980 Madison Ave. — a mixed-use building on the Upper East Side known for its art galleries — for more than half a billion dollars. The buyer is Michael Bloomberg’s Bloomberg Philanthropies, which intends to convert the property into a family office.

Manhattan aerial view

Hines’ Hudson Square Footprint Reaches 22,000 Square Feet Following Latest Expansion

Hines — a Houston-based real estate investor and developer — is expanding its Hudson Square presence by connecting its existing, 17,000-square-foot office space on the 12th floor of 345 Hudson St. to an additional 15,000 square feet in the adjacent building at 555 Greenwich St. This 12-year lease expansion is part of a joint venture with Trinity Church Wall Street and Norges Bank Investment Management. Hines developed and owns both properties.

Lower Manhattan skyline

Writers Guild of America East Renews Lease for Hudson Street Headquarters

The Writers Guild of America East (WGAE) decided to renew its 16,749-square-foot lease at the Jack Resnick & Sons-owned 250 Hudson Street for an additional 16 years. The 70-year-old labor union will maintain its presence on the seventh floor of building, which has been home to their headquarters since 2010.

aerial view of Geneva Illinois, the highly affluent suburban submarket of Chicago

Geneva Commons Shopping Center Changes Hands

The shopping center includes more than 437,000 square feet of suburban Chicago retail space and is home to a plentiful variety of notable tenants as well as a dynamic mix of amenities.

Chicago East Loop

HOK Inks New 25,000-Square-Foot Lease at One Pru Plaza

Architecture firm HOK has signed a 13-year lease at Wanxiang America Real Estate Group’s One Pru, formerly known as One Prudential Plaza. The company is set to occupy a 25,500-square-foot space on the 14th floor of the 41-story building.

HOK will vacate its current premises at 333 S. Wabash Ave. in Chicago early next year upon the expiration of its 27,000-square-foot lease.

Manhattan office space

Palantir Secures Lease for 140,345 Square Feet at 620 Avenue of the Americas

Data analytics and intelligence firm Palantir Technologies has agreed to a new lease deal at the RXR-owned 620 Avenue of the Americas. The company, which previously leased the space through WeWork, is set to retain its existing footprint of 140,345 square feet within the Chelsea building.

landscape view of the central business district office buildings in Denver

New Owner Swoops in to Save Downtown Denver’s The 410

The 410 office building offers occupants an excellent location in the heart of Denver that is easily accessible and surrounded by a wealth of amenities catering to all tastes and needs.