Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
South of Market has the most flexible workspace centers, while the Financial District is the most expensive with an average monthly cost-per-desk of $1,500, higher than the citywide average at $1,046.
Invesco, which last week completed the acquisition of MassMutual's asset management affiliate OppenheimerFunds in a deal reportedly valued at $5.7 billion, will be adding 500 jobs and investing $70 million as part of its major expansion in Atlanta.
The $17.3-million purchase was financed by BlueHub Capital, formerly known as Boston Community Capital, using Capital Magnet Funds from the U.S. Department of Treasury, and by Citi Community Capital, using a combination of Affordable Housing Catalyst funds and acquisition bridge debt financing.