Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The Westchester County, NY-based firm reports that Argent Ventures of New York City will open a 20,000-square-foot location on two floors at Westchester One in Downtown White Plains in the second quarter of 2019.
The land acquisition was fueled by a period of sustained economic growth in the Charlotte area as well as continued residential and commercial growth along Kannapolis Parkway. No terms of the transaction were reported.
Academy on Vine is located on a 3.5 acre, full-city block that was acquired from The Academy of Motion Pictures Arts and Sciences in 2013. The project will include three office buildings and a 20-story residential tower.
Brookfield also reports that it plans to undertake capital improvements at the iconic property that will include improvements to the lobby, a transformed public plaza and the addition of premier amenities.
The Development of Distinction Awards recognizes developments and open spaces that demonstrate best practices in design, construction, economic viability, healthy places, marketing and management.
Parallel Capital Partners sells the final 12 buildings in a larger office portfolio purchased in 2012 for $63 million and sold for nearly $150 million.