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.
VISA to Join Microsoft & Google in Atlanta’s Hottest Office Submarket
VISA joins Google, Microsoft, and others in the race to attract some of the diverse talent graduating from the various H.B.C.U.s in the city, as well as from Georgia Tech and Georgia State.
CI Financial Signs Lease for U.S. Headquarters in Miami
Both New York and Dallas were on CI Financial’s shortlist for its new base of operations in the U.S., but Miami ended up being the Toronto-based company’s preferred choice.
Paramount Closes 2 Lease Deals for 1301 Avenue of the Americas
The French banking group shrank its presence at 1301 Avenue of the Americas from its previous 240,000 square feet. Meanwhile, SVB Leerink — an investment bank specializing in healthcare and life sciences — signed up for more than double the Midtown Manhattan office space it had previously occupied.
BXP Enters Seattle Office Market with Purchase of Safeco Plaza
Safeco Plaza in Seattle’s central business district has traded hands for $465 million to a joint venture managed by top publicly traded class A office owner, Boston Properties in a deal that brings the ownership, management and develop behemoth to the Seattle office market.
Pasadena Office Portfolio Fetches $80 Million
The $80 million Pasadena office portfolio totals 242,000 square feet and includes an 11-story property at 2 N. Lake Ave, a three-story building at 911 E. Colorado Blvd, a one-story structure located at 902 Boston Ct, and an additional six-story parking garage. The properties previously changed hands in 2009 for roughly $52 million.
CBS Building in Midtown Manhattan to Trade Hands for First Time
Harbor Group International purchased the CBS Building in Midtown Manhattan for $760 million in a seller-leaseback transaction from ViacomCBS which will maintain its presence in the building but reduce its footprint.
One Town Center Sells in Boca Raton’s Largest Office Deal of 2021
Prime US REIT paid $99.5 million for One Town Center, an office building located in Boca Raton’s retail district, along North Military Trail, Previously owned by a joint venture between CP Group and Siguler Guff, the property went for roughly $514.40 per square foot, making it the largest office deal in 2021 for the Boca Raton market.
Wafra Secures $500 Million Construction Loan for 111 Wall St
The loan will fund a complete overhaul of 111 Wall St. led by Studios Architecture and will last approximately two years. The building will be outfitted with the latest in touchless and smart-building technology.
Feldman Equities Acquires Fort Lauderdale Office in $59 Million Deal
Feldman Equities closed a $59 million deal for a Pinnacle Corporate Park in Fort Lauderdale, Fla. The seller — a joint venture between DRA Advisors and Banyan Street Capital — received roughly $226 per square foot for the property, a record price for the Cypress Creek submarket in the last decade.
Kaufman Acquires NoMad Office Building Ground Lease
Kaufman landed its third Midtown South office building since last fall, will be managing and repositioning the Haymarket Building on West 29th Street, under a ground lease deal recently signed with building owner MFM Properties.
