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.
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.
CIRE Acquires Van Nuys Industrial Campus in $116 Million Deal
CIRE Equity — a San Diego-based private equity firm — has completed a significant $116 million acquisition of two adjacent industrial buildings in Los Angeles’ Van Nuys neighborhood. This deal, which stands as one of the largest in the company’s history, involved assembling a 19-acre portfolio located at 16200 Roscoe Blvd. and 8201-8221 Woodley Ave.
Stockbridge Locks In Tech Tenant for Final Parcels at Bay Meadows in San Mateo, Calif.
In addition to premium San Mateo office space, the Bay Meadows development includes nearly 1,000 homes, 18 acres of park space, a private high school, and more than 40,000 square feet of retail.
Prominent Seattle Law Firm Inks Office Lease at West8
The prominent local law firm has signed a lease for 52,000 square feet of premium Seattle office space at West8, previously known as The Amazon Tower, located in the Denny Triangle submarket of Seattle.
Azora Private Buys Distressed Office Building in Miami’s Coconut Grove
Torose Equities and Sabal Investment Holdings secured a $28 million profit on the five-story building at 3480 Main Highway in Miami’s Coconut Grove, just one year after acquiring it out of distress.
Carr Bethesda Office Reaches Full Occupancy Following Geico Expansion
Carr Properties has successfully reached 100% occupancy at The Wilson, its landmark 348,000-square-foot office space in Bethesda, Md., located at 7272 Wisconsin Avenue. This milestone was finalized following an expansion agreement with insurance giant Geico, which added 21,000 square feet to its existing footprint.
Brookfield Sells Chicago Loop Office Building at Significant Markdown
Brookfield sold the Chicago office building it previously acquired from Extell in 2018. Notably, the most recent transaction of the property asked for a significantly lower price than the previous time the building changed hands.
Paramount Signs Lease at Recently Completed Film Studio in Manhattan, N.Y.
Paramount Television Studios has leased 70,000 square feet at the facility to film the second season of “Dexter: Resurrection” for the Paramount+ streaming service. The Gensler-designed project features six soundstages and production support areas alongside specialized office space in Manhattan.
SKB & RGA Joint Venture Buys Portland, Ore., Industrial Campus
Located in the Columbia River corridor, the property includes eight buildings totaling more than 513,000 square feet of industrial space in the Portland metro area and will be operated by the new owners with a focus on long-term value creation.
Shvo Secures New Tenant for San Francisco Office in Record-Breaking Lease Deal
The Transamerica Pyramid in San Francisco has reportedly secured a record-breaking rental rate for the West Coast. While many local landlords continue to navigate high vacancy rates, this recently revitalized, 48-story office tower has attracted a tenant paying more than $300 per square foot.
