Office

WeWork is setting up shop in five full floors totaling 12,000 square feet in a long-term lease valued at more than $10 million in the 110-year-old 50,000-square-foot office tower in Union Square.

Todd Albert will lead JLL valuation and advisory for the Great Lakes region, and Robert Delisio will add VAS capabilities in Pittsburgh.

“Activity at these buildings demonstrates our belief that with a focus on capital improvements and aggressive marketing, tremendous value can be created,” says Joe Sergi of Clear Height Properties.

An office portfolio represented an opportunity to acquire a high-profile selection of assets in Tulsa's affluent southern submarkets as the buildings offer an alternative to the area's higher-priced office assets.

The technology law firm is leaving Midtown West heading to Midtown South moving into Global Holdings Management Group's 1250 Broadway.

The deal follows another major financing transaction secured for a McWhinney project. Last week, Berkadia announced it closed $170 million in financing for McWhinney's Great Wolf Lodge in Garden Grove, CA.

Phase two will involve the remaining 1.25 million square feet of planned new mixed-use development, including office, residential, hotel, marina, and retail space, as well as parks and public places, across a half mile of redeveloped waterfront.

Amenities set office buildings apart and can help attract and retain tenants, as a way for companies to attract and retain employees.