Office

In light of the growing flexible office space market, the brokerage and real estate advisor has made its Workthere services available in the US.

Following the Chicago-based firm's purchase of 50 Post Office Square in December 2015 for a reported price of more than $290 million, the firm's capital improvements at the property have paid dividends.

The transaction brings the Paramount Group's 2.5 million square-foot office tower to 100% leased.

At a sale price of $227 million, this asset appreciated to nearly 10% of the portfolio, closing at more than two times the acquisition cost at near record pricing for the San Francisco market.

The e-commerce giant in a statement released today, while praising Cuomo, de Blasio and others, cited the vocal opposition by some political and civic leaders as the reason for its decision.

With those economic conditions in mind, Granite Properties acquired Eldridge Place, an 824,632-square-foot three-building class-A office complex in the Energy Corridor of West Houston for $78.4 million.

The law firm signed a deal to stay at the Broad Financial Center at 33 Whitehall St. for another 10 years.

Formerly known as the Sony Tower, the landmark building will be renovated and reopened in 2020.