Thursday, July 30, 2026
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Two Harbour Place
FloridaLoansOfficeSoutheast

Cushman & Wakefield Secures $33.8M in Financing for Two Harbour Place Office Building in Downtown Tampa

by Julia Sanders

TAMPA, FLA. — Cushman & Wakefield has secured $33.8 million in financing for Two Harbour Place, a Class A office building located in downtown Tampa. Cushman & Wakefield also arranged the sale for the property. Mike Davis, Rick Brugge, Rick Colon, Zachary Eicholtz and Dominic Montazemi of Cushman & Wakefield represented the seller, a joint venture between CP Group and CenterSquare Investment Management, in the transaction. Farley White Interests, a Boston-based commercial real estate owner, acquired the property for an undisclosed price. Jason Hochman, Brian Linnihan, Mike Ryan and Ron Granite of Cushman & Wakefield secured the long-term, fixed-rate acquisition loan through Metropolitan Life Insurance Co. Located at 302 Knights Run Avenue, the 12-story building was 92 percent leased at the time of sale. Property amenities include 3.7 per 1,000-square-foot parking ratio via an attached structured garage, as well as an onsite coffeehouse, concierge services, a full-time day porter, auto detailing and dry-cleaning pick-up and delivery. CP Group, formerly Crocker Partners, is a Boca Raton, Fla.-based owner, operator and developer of office and mixed-use projects throughout the Southeast and Southwest United States. CenterSquare is a global investment manager based in Philadelphia.

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HealthcareLife SciencesLoansNew JerseyNortheastOffice

Newmark Arranges $76M Acquisition Loan for Life Sciences Campus in Hopewell, New Jersey

by Taylor Williams

HOPEWELL, N.J. — Newmark has arranged a $76 million acquisition loan for Princeton West Innovation Campus, a 1.1 million-square-foot life sciences property in Hopewell, about 55 miles southwest of New York City. The property, which formerly served as the global R&D headquarters of pharmaceutical giant Bristol Myers Squibb, is located less than 10 miles from its namesake university’s main campus. Amenities include a full-service cafeteria, an 8,000-square-foot fitness center, a 28,000-square-foot child development center and multiple conference areas. The borrower was a partnership between H.I.G. Realty Partners and Lincoln Equities Group. Dustin Stolly and Jordan Roeschlaub of Newmark placed the debt through Denver-based ArrowMark Partners. The new ownership will use a portion of the proceeds to fund capital improvements and speculative leasing costs.

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498-Seventh-Avenue-Manhattan
Leasing ActivityNew YorkNortheastOffice

Dattner Architects Signs 30,000 SF Office Lease at 498 Seventh Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Dattner Architects has signed a 30,000-square-foot office lease at 498 Seventh Avenue, a 25-story building in Midtown Manhattan. Recent capital improvements at 498 Seventh Avenue include new lobbies and entrances, new retail storefronts, upgraded destination dispatch elevators, new turnstiles with facial recognition software, a grab-and-go coffee kiosk by Ground Central Coffee and a dedicated lounge area for tenants. Robert Frost and Andy Weiss of Signature Partners LLC represented the tenant in the lease negotiations. Andrew Conrad and Matt Coudert represented the landlord, George Comfort & Sons, on an internal basis.

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AcquisitionsCaliforniaOfficeTop StoriesWestern

Regent Properties Acquires Four-Asset Office Portfolio in Downtown San Diego for $420M

by Kristin Harlow

SAN DIEGO — Regent Properties has acquired a portfolio of four office buildings in downtown San Diego for $420 million. The acquisition marks Regent’s first investment via its Regent Opportunity Fund V. The high-rise properties include 1 Columbia Place, 701 B Street, 2 Columbia Place and 707 Broadway. Totaling 1.5 million square feet, the buildings represent approximately 16 percent of all Class A and B office inventory in downtown San Diego, according to Regent. The transaction, which equates to $281 per square foot, also includes a parking garage. Privately owned real estate investment adviser Emmes was the seller, according to The San Diego Union-Tribune. “With this investment, Regent is continuing its push to acquire high-quality office projects across the Sunbelt,” says Eric Fleiss, CEO of Regent. “We are seeking to purchase over $2 billion of assets over the next 24 months.” Prior to the sale, the seller extensively renovated the portfolio’s common areas, including upgrading the lobbies and outdoor amenities. Regent plans to augment these renovations with additional “hospitality-oriented improvements,” such as new fitness centers, conference centers, eateries and community gathering places like outdoor terraces and wine lounges. “To successfully attract and retain tenants today, we need to give them …

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The-Depot-Los-Angeles-CA
CaliforniaMarket ReportsOfficeWesternWestern Market Reports

An Inflection Point for the Greater Los Angeles Office Market

by Jeff Shaw

By Nico Vilgiate, Executive Vice President, Colliers Greater Los Angeles has one of the largest office development pipelines in the nation, which includes new construction and some sizeable adaptive reuse projects. There is currently more than 6 million square feet in this pipeline with nearly 2.7 million square feet scheduled to deliver this year. This will increase overall vacancy throughout 2021. The most significant developments are occurring in Downtown and West Los Angeles, which contain more than 55 percent of all new office construction. One of the most prominent projects is One Westside, a shopping mall conversion that will contain 584,000 square feet of creative office space in West Los Angeles. Google will be moving into the building upon completion. The greater Los Angeles overall vacancy rate of 18.3 percent is 50 basis points higher than the previous peak in 2013 when it reached 17.8 percent. Sublease availability has increased over the past four quarters due to the work-from-home mandate. However, there has been an increase in the overall average asking rate in the past few quarters. The rate has increased by 4.4 percent year-over-year to about $3.54 per square foot, per month. Asking rate rental growth during this period was strongest …

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Fountain-Place-Dallas
Leasing ActivityOfficeTexas

Integrity Marketing Group Signs 100,000 SF Office Lease in Dallas Arts District

by Taylor Williams

DALLAS — Integrity Marketing Group, a distributor of life and health insurance products, has signed a 100,000-square-foot office lease for its new headquarters at Fountain Place, a 58-story building in the Dallas Arts District. CBRE’s Josh White and Ryan Buchanan represented the tenant, which will occupy six floors at Fountain Place as part of its relocation from Coppell, in the lease negotiations. CBRE’s Fletcher Cordell, Dennis Barnes and Jackie Marshall represented the landlord, Goddard Investment Group, which recently completed a $75 million renovation at the property. That project included the addition of a 10-story parking garage, retail and restaurant space and a tenant lounge and conference center.

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The-Rise-Hollywood-CA
CaliforniaDevelopmentMixed-UseMultifamilyOfficeWestern

Rescore Property, Nadel Architecture Complete 561,600 SF The Rise Residential/Office Project in Hollywood

by Amy Works

LOS ANGELES — Rescore Property, as developer, and Nadel Architecture + Planning, as architect, have completed construction of The Rise, a seven-story, mixed-use project located at 1331 N. Cahuegna Blvd. in Hollywood. The 561,600-square-foot property features 369 apartments, 13 live/work units and 2,570 square feet of creative office space. Consisting of five buildings linked by pedestrian bridges, The Rise offers 341,600 square feet of residential space on six levels and more than 220,000 square feet of parking space on two levels, with space for 567 cars and 410 bicycles. The project offers a mix of ADA-adaptable micro-units, studios and one- and two-bedroom layouts. Community amenities include a rooftop deck, inner open courtyard, outdoor gym, pool, barbecue grills, fire pits, dog runs with a dog wash unit and outdoor seating with TVs. Additional amenities include a clubhouse with fireplace and pool table, fitness center, lounges, conference rooms, electric-vehicle charging stations and a video screen in the main lobby that displays transit options and status. The Rise also offers a 2,000-square-foot penthouse unit on the seventh floor that can be leased for special events. The penthouse is adjacent to a party room and rooftop deck.

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Arrowhead-Executive-Center-Glendale-AZ
AcquisitionsArizonaOfficeWestern

Woodside Health Acquires Arrowhead Executive Center Office Complex in Glendale from Holualoa Cos. for $18.2M

by Amy Works

GLENDALE, ARIZ. — Cleveland, Ohio-based Woodside Health has purchased Arrowhead Executive Center, a multi-tenant office complex located at 17235 N. 75th Ave. in Glendale. Holualoa Cos. sold the asset for $18.2 million. Steve Lindley of Cushman & Wakefield represented the seller, while Bill Cook and Perry Gabuzzi of Plaza Cos. provided market leasing advisory. Situated on 11.9 acres, Arrowhead Executive Center features eight single-story buildings offering a total of 99,062 square feet of office space. The campus was constructed in 2000.

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425-S-Mill-Ave-Tempe-AZ
AcquisitionsArizonaMixed-UseOfficeRetailWestern

Nicola Wealth Real Estate Buys Mixed-Use Property in Tempe for $16.7M

by Amy Works

TEMPE, ARIZ. — Vancouver, Canada-based Nicola Wealth Real Estate has acquired a mixed-use property located in downtown Tempe from Wexford Developments for $16.7 million. Located at 425 S. Mill Ave., the 22,209-square-foot building features three levels of office space above ground-floor retail space. At the time of sale, the property was 100 percent leased to multiple tenants. The property is near the Valley Metro Light Rail station and the new Tempe Streetcar, which is scheduled to open this year. Steve Lindley, Eric Wichterman and Mike Coover of Cushman & Wakefield handled the transaction.

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FeaturesHeartland Feature ArchiveOffice

Office Buildings Get Wellness Makeovers

by Kristin Harlow

The work-from-home model that became the “new normal” for most office workers in 2020 as a result of the COVID-19 pandemic has stymied leasing activity and altered tenant strategies. Many space users have opted for short-term leases in response to the uncertainty triggered by the virus. According to JLL, U.S. office leasing volume in 2020 totaled 125.6 million square feet, down 47 percent from the prior year. Of the lease renewals inked in the fourth quarter, 43 percent were for five years or less. As a result, the average deal term dropped to 6.7 years for leases larger than 20,000 square feet, well below the pre-COVID average of 8.5 years. While office owners remain bullish on the idea that the workforce will return to physical buildings, many questions remain regarding timelines and capacities. In the meantime, landlords are steadfast in their attempt to keep the lines of communication open with tenants and ensure their properties are as safe and welcoming as possible. REBusinessOnline spoke with owners across the Midwest to gauge their pandemic responses and outlook on what’s to come. Health, safety protocols Daniel Cooper, partner with real estate investment manager 90 North Real Estate Partners LLP in Chicago, says …

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