Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Holliday Fenoglio Fowler, LP, reports that the construction loan for the 595,039-square-foot Class AA speculative office tower being built in Denver's central business district was provided through PCCP, LLC.
The Puget Sound area has many large corporations driving growth such as Boeing, Microsoft, Amazon, Starbucks and Costco, leading to construction of all building types.
“Maggie's management experience encompasses multiple tiers of tenant representation, business development and client management, ideally qualifying her for her new position,” says Greg Tait, senior leasing director, Irvine Company Office Properties.
“The property's durable cash flow and attractive yield were a highly compelling investment proposition for the buyer's first US acquisition,” says NKF's Kevin Welsh, whose team brokered the sale.
At Lee & Associates' annual Broker's Summit in Las Vegas, Ken Salzman and Aleks Trifunovic highlight the stunning differences between L.A. and New York office properties.
Conceived as a new landmark, 841 Yale provides a nod to the turn-of-the-century origins of The Heights with craftsmen masonry and brick patterns plus arched metal windows in its first two stories.
Lenders are acting much differently at this stage of the cycle than they were in the last cycle, when loanterms became ever-more aggressive until the market collapsed.