A pair of century-old Midtown Manhattan office buildings are trading at a steep discount as lenders look to cut their losses, Bloomberg News reported. Empire Capital Holdings agreed to buy the properties at 229 W. 36th St. and 256 W. 38th…
The Westpark Building, a five-story office building in Brentwood’s Maryland Farms, sold at auction for $6.3 million to a local investor. The Nashville Business Journal reports the office building was owned by First National Bank of Tennessee, which acquired the…
CBRE’s Capital Markets team in San Francisco arranged the sale of 410 Townsend St., a four-story, 78,000-square-foot office building in San Francisco’s South of Market (SoMa) submarket. The property was formerly a hub for early-stage tech startups such as Eventbrite and Zendesk. New…
South Korean investment manager Consus Asset Management has agreed to pay $145 million, or $145 per square foot, for the one-million-square-foot office tower at 777 S. Figueroa St. in Downtown Los Angeles, reported Bloomberg News. The company is buying the 52-story building at…
AEW Capital Management bought Three Water Ridge in Charlotte for $35 million in 2016. They recently sold the 107,545-square-foot asset to Perkins Fund for $15 million. Three Water Ridge, was fully occupied by Walmart at the time of sale; the…
The coronavirus pandemic created a work-from-home revolution that may lead to a decline in tax revenues from commercial properties, and cities will suffer as they cannot provide important services to residents, a new report warns. If current trends persist, demand for commercial…
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