Bank of America has signed a 550,000-square-foot office lease at Newport Tower in Jersey City. Cushman & Wakefield’s Robert Rudin, David DeMatteis, Mina Shehata, Dirk Hrobsky, Karl Helgessen, Jan Randall Dausend and Christina Magill represented the landlord, BGO, in…
Monday Properties, a real estate investment firm and developer, has secured a long-term office lease for 40,000 square feet at 1100 Wilson Blvd in Rosslyn, VA., with the National Association of Corporate Directors (NACD). This location will now serve as…
Stream Realty Partners’ Washington, D.C. team has secured the leasing assignment for four Brookfield Properties office buildings in the Central Business District. The buildings, totaling 814,469 square feet, will be overseen by Stream’s Kyle Luby, John Klinke, Tim McCarty, and…
Transwestern Real Estate Services (TRS) closed the sale of Hudson Medical Center to Hammes Partners, a private investment platform focused exclusively on healthcare real estate. The seller, Hudson Medical LLC, was represented by Transwestern’s Frank Richie, Mike Salmen, Erik Coglianese…
Altera Fund Advisors and Virtus Real Estate Capital acquired a four-property medical outpatient portfolio in Tucson from Healthcare Trust of America for $43.23 million ($201 PSF). The joint venture engaged Newmark to arrange financing for the deal. The portfolio’s four…
Single-tenant net lease cap rates increased in the fourth quarter of 2023 for the seventh consecutive quarter to 6.58%, a seven-basis point increase compared to Q3, The Boulder Group reported. By sector, the increases were eight bps to 6.35% for…
1455 Lincoln Parkway is an 186,846-square-foot office building in Atlanta’s Central Perimeter submarket. Search firm Innova Solutions acquired the building and plans to relocate its headquarters there. The company plans to occupy the top two floors of the building, totaling…
Robinson Weeks Partners has broken ground on Charleston Global Crossing, a 635,328-square-foot industrial building in North Charleston, S.C. When completed, Commercial Search reports the development will be the largest speculative industrial building in the city. Project financing includes a $40.1 million…
The Trepp CMBS Special Servicing Rate dropped by six basis points in December 2023, falling to 6.78%. However, the long-term trend is still up: Trepp said the special servicing rate closed out 2023 with a total increase of 167 bps…
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