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Blackstone Real Estate and COPT will acquire interests in eight single-tenant, data center shell properties totaling 1.3 million square feet and valued at $293 million.
According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York
Drawbridge Realty topped out the second and final office building in Uplands Corporate Center and completion of the three-story 124,081-square-foot center is expected in the second quarter of 2021.
A six-building office and R&D campus totaling 313,740 square feet, the Fujitsu Campus, has been sold for $104 million, and offers a rare repositioning opportunity as Fujitsu phases out of the campus next year.
Kendall Guinn is Chief Marketing Officer at AQUILA, a commercial real estate firm in Austin, Texas, and focuses on the implementation of design and execution of sales and marketing strategies.
Despite the issues facing retail due to the pandemic, the Weitzman team leased all of the roughly 20,000-square-foot Shops on Main and a lease is in the works for one remaining 2,566-square-foot space.