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.
Fifth Season Secures New Lease Deal at West LA Office Campus
Beverly Hills-based film and TV production company Fifth Season has penned a lease deal for 65,000 square feet of office space in West Los Angeles. Formerly operating under…
Jacob Garlick Wins Flatiron Building with $190 Million Bid
On Wednesday, prospective bidders assembled on the steps of the Manhattan County Courthouse to participate in the auctioning process of the historic Flatiron Building. As the dust settled,…
Logistics Plus Leases 374,000-Square-Foot Inland Empire Warehouse
Logistics Plus — a leading worldwide provider of transportation, warehousing, business intelligence and supply chain solutions — has secured a five-year deal to lease a 374,000-square-foot industrial space…
Novo Platform Joins BNP Paribas & Banco Master at 801 Brickell
Fintech company Novo Platform is the latest name to sign a lease at Miami’s 801 Brickell, following recent deals inked by São Paolo-based digital bank Banco Master and…
Touro University Expands Its Footprint at 3 Times Square
Rudin Management — one of the largest owners, operators and developers of best-in-class real estate in New York City — announced a new lease at its Midtown office…
Oxford Purchase $125 Million Life Sciences Asset in Greater Boston
Oxford Properties Group has completed the purchase of 92 Crowley Drive for $125 million. The 120,000-square-foot, state-of-the-art asset is in the life sciences submarket of Marlborough, Mass., and…
2022’s Top 50 Most Expensive Office Sales
Midtown manhattan’s 245 Park Ave. was 2022’s most expensive office sale. However, the top 10 list included 8 other markets, underlining the degree of interest that commercial real estate investors have for office markets besides NYC.
KKR Moves into Meta’s Old Offices at 30 Hudson Yards
The private equity firm’s expansion coincides with a number of important shifts in the New York office market. As part of a wider effort to downsize and consolidate its office portfolio across the U.S., Meta spent roughly $413 million terminating leases in the third quarter of 2022, with an additional $900 million directed toward office realignment in the fourth quarter. Likewise, other tech companies — which had been the major driving forces behind office development in recent years — have also taken a more cautious stance amid layoffs and increasing costs of borrowing.
Signature Acquisitions Closes on $88 Million Deal for Parsippany Office Building
Built in 2001, 300 Kimball was most recently renovated in 2013. It had an occupancy rate of 87% at the time of the sale. Specifically, the property’s tenant roster includes the likes of commercial property insurer FM Global; medical device manufacturer and distributer embecta; engineering and environmental consulting service provider Langan; and Western World Insurance/AIG.
