Galvanize Buys Suburban San Jose, Calif., Industrial Portfolio
The new owner’s planned property energy upgrades are estimated to reduce the portfolio’ annual operational carbon emissions by approximately 279 metric tons.
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YTD Office Sales Near $43B as Key Markets Carry Bulk of Pipeline & Loan Maturities Pressure Burdened Markets
Office loans approaching maturity add to the pressure that interest rates and low physical occupancy have been putting on office assets that have been underperforming through the flight-to-quality trend.
Havas Health Extends & Expands Manhattan, N.Y., Office Lease on Madison Avenue
Havas has expanded its 30-year headquarters at 200 Madison Ave., to more than 254,000 square feet of Midtown Manhattan office space.
Ares Forks Over $109 Million for 2 Miami-Dade Industrial Assets
Ares Management has closed a deal worth $108.7 million for two fully leased industrial warehouses in Miami(opens in new tab)-Dade County. The assets — previously owned by BGRE (formerly known as Brookfield Properties) — include a 230,147-square-foot distribution center at 3811 W. 108th St. in Hialeah, Fla., which fetched $65.3 million, and a 142,472-square-foot warehouse at 13190 NW 17th St. in Sweetwater, Fla., that sold for $43.4 million.
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