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Fisher Brothers Secures New, 10-Year Loan for 299 Park Ave.
Fisher Brothers has secured a $500 million refinancing loan for its recently completed renovation of 299 Park Ave., its Midtown office property and headquarters. Citi Group and J.P. Morgan are providing this new, 10-year mortgage, which exceeds the building’s previous loan by more than $100 million.
Q4 2024 Industrial Ranking Report: Phoenix Holds Onto #1 Spot as Nationwide Construction Slows
We ranked the nation’s major industrial markets in Q4 2024 based on several indicators such as rent growth, vacancies, online searches and more. See the full list here.
Rockpoint Buys Central Massachusetts Distribution Center in Record Deal
Rockpoint’s aquisition of the 70-acre Greater Boston warehouse and distribution property marked the largest real estate sale in Central Massachusetts since the Staples headquarters changed hands in 2020.
Q4 2024 Office Markets Ranking Report: Office Deliveries Slow, Coworking Scene Continues Expansion
Boston and San Diego lead the ranking among office markets larger than 100 million square feet, while Miami scored highest among mid-sized markets in Q4 2024.
Hyundai America Inks New Lease for Orange County Warehouse
Hyundai America Technical Center, the research and development arm of Hyundai Motor Company, has leased a 91,600-square-foot distribution warehouse at LogistiCenter at Irvine II in Irvine, Calif.
Teladoc Health Expands & Moves Headquarters to 10 Grand Central
Teladoc Health has renewed and expanded its lease at Marx Realty’s 10 Grand Central. The company doubled its office space to 15,000 square feet in a 10-year agreement. This move coincides with Teladoc Health’s relocation of its corporate headquarters from Purchase, N.Y., to New York City.
Carr Workplaces Opens New Coworking Space in Washington, D.C.
The new Washington, D.C. Capitol Hill coworking space is conveniently located within close proximity of several landmarks of significant historical and political importance.
1st Hyperscale Data Center Campus Coming to Kentucky
Work on the first phase of the hyperscale data center campus in Louisville is expected to begin in 2025. First building delivery expected in Q4 2026.
Park Avenue Manhattan Office Tower Fetches $360 Million
The high rise at Two Park Avenue sold in one of the largest transactions of office space in Manhattan in 2024. Claiming a price tag of roughly $360 per square foot, the property is now owned by Haddad Brands.
No-Fault Group Expands HQ at New Coral Gables Location
The company signed a 21,806-square-foot lease at 2990 Ponce that will enable it to relocate from its current offices in Doral, Fla. The move also marks a significant expansion of its footprint as the firm will nearly double the size of its headquarters.
