Office
Read the latest real estate industry news with a focus on traditional office space leases, office property sale transactions, new office project construction and adaptive reuse repositioning programs, and more.
Denver Welcomes New Class A+ RiNo Office Building
New Denver office space is open for business in the RiNo district, at the Paradigm River North project developed by a joint venture between and Jordon Perlmutter & Co. and Rockefeller Group.
Harbor Associates Secures Refinancing of Formerly Distressed Westwood Office
Harbor Associates and F&F Capital Group secured a $36.3 million refinancing loan from Argentic Real Estate Finance. The five-year loan with a fixed interest rate of 7.5% will be used to pay off existing debt on the 158,000-square-foot property located 1640 Sepulveda Blvd.
RFR Fetches $560 Million for Upper East Side Property
Aby Rosen’s RFR Holding recently sold 980 Madison Ave. — a mixed-use building on the Upper East Side known for its art galleries — for more than half a billion dollars. The buyer is Michael Bloomberg’s Bloomberg Philanthropies, which intends to convert the property into a family office.
WaterFurnace International to Double Fort Wayne Headquarters Office Footprint
The renewable energy technology and manufacturing company will reportedly ensure energy for the sizeable headquarters expansion through the existing pond loop heat pumps on site.
PMB Tops Out New Medical Office Building in San Jose, Calif.
An essential part of the Bascom Station mixed-use project, this development marks the 10th local Valley Health Center and delivers more than 200,000 square feet of San Jose medical office space to meet the needs of the surrounding community.
Breakthrough Secures 3 Biotech Tenants for Lab & Office Space in Cambridge, Mass.
Incendia Therapeutics, Larkspur Biosciences, and Deep Genomics join the Cambridge MA ecosystem and rent new Boston office space being redeveloped at One Canal by Breakthrough.
Hines’ Hudson Square Footprint Reaches 22,000 Square Feet Following Latest Expansion
Hines — a Houston-based real estate investor and developer — is expanding its Hudson Square presence by connecting its existing, 17,000-square-foot office space on the 12th floor of 345 Hudson St. to an additional 15,000 square feet in the adjacent building at 555 Greenwich St. This 12-year lease expansion is part of a joint venture with Trinity Church Wall Street and Norges Bank Investment Management. Hines developed and owns both properties.
Writers Guild of America East Renews Lease for Hudson Street Headquarters
The Writers Guild of America East (WGAE) decided to renew its 16,749-square-foot lease at the Jack Resnick & Sons-owned 250 Hudson Street for an additional 16 years. The 70-year-old labor union will maintain its presence on the seventh floor of building, which has been home to their headquarters since 2010.
HOK Inks New 25,000-Square-Foot Lease at One Pru Plaza
Architecture firm HOK has signed a 13-year lease at Wanxiang America Real Estate Group’s One Pru, formerly known as One Prudential Plaza. The company is set to occupy a 25,500-square-foot space on the 14th floor of the 41-story building.
HOK will vacate its current premises at 333 S. Wabash Ave. in Chicago early next year upon the expiration of its 27,000-square-foot lease.
Palantir Secures Lease for 140,345 Square Feet at 620 Avenue of the Americas
Data analytics and intelligence firm Palantir Technologies has agreed to a new lease deal at the RXR-owned 620 Avenue of the Americas. The company, which previously leased the space through WeWork, is set to retain its existing footprint of 140,345 square feet within the Chelsea building.
