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.
Bain Capital Forks Over $52 Million for South Florida Industrial Campus
Kurv Industrial, previously known as Bridge Industrial, has finalized the $52 million sale of a warehouse campus in Pompano Beach, Fla., according to official property records. Known as Bridge Point Pompano Beach Commerce Park, the asset is a high-profile industrial space in Pompano Beach, Fla., consisting of three buildings totaling 380,496 square feet. The buyer was Boston-based Bain Capital Real Estate.
SL Green’s 100 Park Ave. Fully Leased Following Latest Deal
Law firm Robinson+Cole signed a 15-year deal for 48,451 square feet at 100 Park Ave. , successfully bringing the Midtown East office tower to 100% leased. The acquisition of this premier office space in Midtown Manhattan, N.Y., underscores the enduring appeal of the Park Avenue corridor for top-tier firms prioritizing high-quality, transit-oriented locations.
Blackstone Secures $154-Million Refinancing for Miami Offices
Blackstone has secured $154 million from CIM Group’s private credit fund to refinance 2 and 3 MiamiCentral, which are part of a premier, mixed-use development in downtown Miami. The high-profile office space in Miami serves as a regional hub for the real estate giant, which operates its own office within the property. Eastdil Secured brokered the transaction for the 339,000-square-foot asset.
How to Calculate and Use a Cap Rate
The capitalization rate, or cap rate, is one of the first numbers any commercial real estate investor looks at. It tells you, in a single percentage, what yield…
What’s the Difference Between a Tenant Broker and a Listing Broker?
A broker is a broker, right? Not quite. In commercial real estate, the word covers two roles with very different jobs — and hiring the wrong one, or…
Dalfen Acquires 1.4-Million-Square-Foot North Texas & Midwest Industrial Portfolio
Dalfen Industrial has acquired a 1.4-million-square-foot portfolio from Singapore-based Mapletree Investments for $207.5 million. The deal, which breaks down to $150 per square foot, marks the fifth divestment for Mapletree as it wraps up its 2019 U.S. & European Logistics Private Trust. This $1.8-billion, closed-end fund was launched during a period of significant growth for industrial markets, particularly in North Texas.
Solow Building Sets New Record for Manhattan Office Rent
The iconic Midtown Manhattan office building on Billionaire’s Row reached a historic high in average rent, marking a likely record for the New York City office market.
Law Firm Signs 29,000-Square-Foot Deal to Move Operations to Arts District Office
Global law firm Goodwin has announced a relocation to LA’s Arts District. This move from a traditional high-rise workspace to a low-rise, industrial-style environment highlights evolving preferences for office space in Los Angeles.
Sage Expands HQ Office Space in Atlanta
TSage expanded its Atlanta office lease by 32,000 square feet, adding another floor to its footprint in the Ponce City Market building and bringing occupancy up to 100% at 619 Ponce.
Point72 Inks Lease at Tishman Speyer’s Hudson Yards Office
Point72 has secured 59,746 square feet of office space in Manhattan, N.Y., within Tishman Speyer’s 66-story tower located at 66 Hudson Blvd. This expansion covers the entire 31st floor and a portion of the 21st floor. While the duration of the agreement was not disclosed, the starting rent was reported at $130 per square foot. Although the deal was finalized in December, it was previously unreported until now.
