Office

The two firms will recapitalize 520 Broadway, a creative office building in Downtown Santa Monica.

The $450 million project will provide more than 900 units to the UC Hastings campus for students, faculty and staff, along with construction of an Academic Village and renovation of the McAllister building.

For the past six years, Transwestern has provided investment advisory services to Sumitomo Corporation of Americas including sourcing, property evaluations, operational assessments and market assessments.

Construction on the $714-million project is expected to begin in 2022. The new pavilion that will total 438,000 square feet of usable space, will feature nine floors of cutting-edge technology and a design to provide patients and families with world-class acute care.

The lease deal at 100 Summer St. follows Ironwood Pharmaceutical's separation of Cyclerion Therapeutics, Inc. on April 1, 2019.

In the Second Annual Chicago Mid-Year CRE Sentiment Report produced by The Real Estate Center at DePaul University, approximately 52% of participants—down sharply from 69.8% a year ago—characterize the Chicago real estate market for the first half of 2019 as consistently strong.

Transwestern's senior managing director of analytics, Jimmy Hinton, will develop research/predictive analytics for investment strategy, market and asset selection, underwriting, and portfolio management.

The Luminary's expansion of more than 100,000 square feet includes a lobby lounge, a rooftop terrace with panoramic views and three floors of office space encompassing a total of 81,711 square feet.