property type: Office

Dallas Morning News VanTrust Real Estate has filed plans to build McKinney Coropate Center II, a 115,000-square-foot office building in the Dallas suburb of McKinney, Texas. The four-story project is being built in the 113-acre McKinney Corporate Center business park, ...

Commercial Observer BNP Paribas has reduced its footprint at 787 Seventh Ave. in Manhattan, to 280,000 square feet. The French bank had been leasing 469,200 sf at the 1.7 million-sf office building for more than 20 years. A venture of ...

Commercial Observer American International Group has signed a lease for 220,000 square feet at 28 Liberty St., a 2.2 million-sf office building in Manhattan. JLL represented the finance and insurance company in the lease. The asking rent was about $75/sf. ...

Commercial Property Executive CBRE Global Investors has bought 123 Townsend St., a 137,625-square-foot office building in San Francisco, for $140 million, or $1,017.26/sf. The Los Angeles investment company purchased the six-story building from Manchester Capital Management, which had acquired it in ...

Lee & Associates has hired Kevin McCarthy as principal specializing in investment sales in the Palm Beach County, Fla., and what's commonly referred to as the Treasure Coast, which is north of Miami. McCarthy joins from Colliers International, where he ...

Crain's New York Business ELO Organization's proposed $115 million purchase of 15 West 47th St., a 120,790-square-foot office building in Manhattan's Diamond District, has fallen apart. It's not known what caused the deal to collapse. The transaction was slated to be ...

Pittsburgh Business Times Spear Street Capital plans on converting a 320,000-square-foot warehouse in Pittsburgh into a 260,000-sf building with office and research and development space. The city's Planning Commission recently approved the developer's plan for the building, at 27 51st ...

New York Post Macklowe Properties has stopped paying rent at the GM Building in Manhattan. The New York real estate investor leases 28,000 square feet at the 2 million-sf office property. Its monthly bill is for about $233,000. A venture ...

Commercial Observer Savanna has lined up $303.5 million of financing for its purchase of 1375 Broadway, a 513,000-square-foot office building in Manhattan. Brookfield Real Estate Finance originated the financing. It kept a $103.5 million mezzanine position and syndicated $200 million ...

The Real Deal Organon & Co. has agreed to sublease 110,000 square feet at 30 Hudson St., a 1.4 million-sf office building in Jersey City, N.J. The company, a planned spinoff of pharmaceutical firm Merck & Co., is subleasing the ...

Rentv.com CBRE Global Investors has bought 237@First, a 369,000-square-foot office campus in San Jose, Calif., for $174 million, or $471.54/sf. The Los Angeles real estate investment company purchased the two-building property, at 4353 and 4453 North First St., from a venture ...

Houston Business Journal The buzz is that JPMorgan Chase has signed a lease for 250,000 square feet of office space at 600 Travis St., a 75-story office building in Houston. The financial services company declined to comment. A venture of ...

IQHQ Inc. has agreed to pay $125 million, or $431/sf, for the 290,000-square-foot office and laboratory building at 62 Whittemore Ave. in the Boston suburb of Cambridge, Mass. The Solano Beach, Calif., company is buying the property from GCP Applied ...

Libitzky Property Cos. has paid $14.5 million, or $145.58/sf, for 7173 and 7245 South Havana St., a pair of office-flex buildings with a combined 99,600 square feet, in Centennial, Colo. The Emeryville, Calif., real estate investor purchased the adjacent buildings ...

Dallas Morning News A venture of J. Small Investments and Lyda Hill Philanthropies is redeveloping Dallas' Pegasus Place building and its surrounding campus into a mixed-use project. Plans for the 23-acre property, at Stemmons Freeway and Commonwealth Drive, include converting ...

Commercial Real Estate Direct Staff Report Apple Inc. has signed a lease to fully occupy the 196,734-square-foot Summit Rancho Bernardo office building in San Diego. The technology company is moving into the building next month. The lease was highlighted this ...

Commercial Real Estate Direct Staff Report The $272 million of CMBS debt against the ground beneath Manhattan's Lipstick Building has transferred to special servicer Aegon USA Realty. The move comes as a venture of Inversiones y Representaciones Sociedad Anoima and ...

South Florida Business Journal An affiliate of Bridge Investment Group has sold Bayview Corporate Tower, a 413,833-square-foot office building in Fort Lauderdale, Fla., for $83 million, or about $200.56/sf. The Atlanta company sold the property, at 6451 North Federal Highway, ...

South Florida Business Journal An affiliate of Oak Street Real Estate Capital has paid $51.01 million, or about $208.86/sf, for the 244,232-square-foot headquarters of Sensormatic Solutions in Boca Raton, Fla. Sensormatic, a subsidiary of Johnson Controls, sold the property, with ...

A total of 3.8 million square feet of office leases were signed in Manhattan during the second quarter, a 66.4 percent decline from the 11.2 million sf of deals inked at the same time last year, according to CBRE. Restrictions ...

Austin Business Journal GoDaddy Inc. is offering for sublease its 114,500-square-foot office building at 2010 East Sixth St. in Austin, Texas. Aquila Commercial has the listing for the space. Furniture is part of the offering. GoDaddy moved into its space ...

PGIM Real Estate, the global investment management arm of Prudential Financial Inc., has lent $100 million against 52 Broadway, a 399,935-square-foot office building in Manhattan. The loan, which closed on Monday, was used to retire $79.5 million of securitized debt ...

Boston Business Journal Westbrook Partners is constructing a 215,000-square-foot life-sciences building in the Boston suburb of Watertown, Mass. The New York investment manager is developing the four-story project at 85 Walnut St. The site, which is currently home to an ...

Boston Business Journal A venture of Alexandria Real Estate Equities and National Development has paid $32.6 million for the Mount Auburn Club tennis and fitness facility in the Boston suburb of Watertown, Mass. It bought the property from the Crowley ...

Commercial Observer WeWork has terminated its lease for 69,000 square feet at the 325,000-sf Harbor Point office property in Baltimore. The coworking company had signed the deal two years ago and was set to occupy the space starting this year. ...