Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Should New Jersey CRE stakeholders conduct a Preliminary Assessment and/or a Phase I ESA for their due diligence? Understanding their nuances is key to transactions.
The sale, reported on Thursday, marks Skanska's final disposition of four adjacent Seaport properties it developed, which also include 101 Seaport, Harbor Way and Watermark Seaport.
Seattle's Eastside has experienced a healthy increase in sales volume that can largely be attributed to the market's leasing performance and attractive returns compared to downtown Seattle investment opportunities.
Hunter plans to operate a full-service International/Navistar heavy- and medium-duty truck dealership and an Idealease heavy- and medium-duty truck leasing company at the location.
“Hyatt's departure presented a once-in-a-generation opportunity to diversify our customer community and welcome a modern array of companies across industries and sectors,” says Greg Tait, senior leasing director for Irvine Company Office Properties' Chicago portfolio.
The partners say the redevelopment plan calls for the office plaza to be converted to medical and “creative” office space that would support lifestyle uses, such as senior housing. Upon completion the project will be called “The Well at Sunset.”
The company also announced plans to establish new sites in Seattle, San Diego and Culver City and expand in cities across the United States including Pittsburgh, New York and Boulder, Colorado over the next three years.