Monday, February 24, 2020

Office

Global office commercial real estate market news including Class A, Class B, Class C buildings, occupancy, rent, design, office space and prices.

South Korean-Finnish consortium buys property in Helsinki for €480m

South Korean-Finnish consortium buys property in Helsinki for €480m

South Korean-Finnish consortium which includes Varma Mutual Pension Insurance Company, NH Investment & Securities (NHIS) and Shinhan Investment Corp. have acquired OP...
Cole Office & Industrial REIT buys office building in Maryland for $39m

Cole Office & Industrial REIT buys office building in Maryland for $39m

Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), a publicly registered non-listed real estate investment trust (REIT) sponsored by affiliates...
Transamerica Pyramid in San Francisco sold for $700m

Transamerica Pyramid in San Francisco sold for $700m

Transamerica Pyramid, the iconic skyscraper in San Francisco, has reportedly sold to a group led by New York developer Michael Shvo for...
Goldman Sachs and LPC West acquire creative office building in San Francisco

Goldman Sachs and LPC West acquire creative office building in San Francisco

Lincoln Property Company, led by Lincoln’s LPC West team in San Francisco, has partnered with affiliates of the Goldman Sachs Merchant Banking...
Cording, BNP Paribas REIM Germany sell Media Tower in Düsseldorf

Cording, BNP Paribas REIM sell Media Tower in Düsseldorf

Cording Real Estate and BNP Paribas Real Estate Investment Management (REIM) Germany have sold the Media Tower property located at Düsseldorf Medienhafen...
Amazon opens new office for Alexa in Santa Barbara, California

Amazon opens new office for Alexa in Santa Barbara, California

Amazon has opened a new 48,000 square foot office for Alexa tech teams located in downtown Santa Barbara, California. The company plans to create...
WeWork appoints Sandeep Mathrani as CEO

WeWork appoints Sandeep Mathrani as CEO

Mathrani to Partner with Executive Chairman Marcelo Claure to Execute WeWork’s Growth-led Transformation WeWork announced that Sandeep Mathrani will...
Union Investment buys Grade-A office development in Dublin

Union Investment buys Grade-A office development in Dublin

Union Investment has acquired a Grade-A office development at 2 Grand Parade in Dublin, from Hines and Peterson Group. The developer is...
Australian Unity forms JV with Singapore's Keppel Capital

Australian Unity forms JV with Singapore’s Keppel Capital

Australian Unity, a company providing healthcare, financial services, as well as retirement and living services, has formed a strategic 50:50 joint venture...
Derwent London buys office property in Brixton for £38.1m

Derwent London buys office property in Brixton for £38.1m

Derwent London has agreed to acquire Blue Star House, an office property at 234-244 Stockwell Road, in Brixton SW9 for £38.1m before...

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