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.
SparrowHawk & Almanac Secure $236 Million Acquisition Loan for EQT Industrial Portfolio
SparrowHawk and Almanac Realty Investors have teamed up to acquire a 20-property portfolio spanning six markets and totaling 4.4 million square feet of industrial space previously owned by EQT and valued at $400 million. The deal was financed by a $236 million loan(opens in new tab) provided by PPM America and is structured as a five-year, fixed-and-floating-rate mortgage.
Comcast Moves Into New Times Square Office
Comcast sealed a 141,000-square-foot lease at 1540 Broadway in Times Square. The move marks a relocation and consolidation push from Comcast, which previously conducted its advertising sales and technology division’s operations from Shorenstein Properties’ 1407 Broadway and BGRE’s 55 W. 46th St.
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.
