News

Troy Block, two newly constructed class-A office towers, has sold to a private high net-worth family office, representing the largest single asset trade by volume in Seattle history, according to HFF.

“New ownership has the opportunity to renovate and reposition the property in the near term for additional value creation," says Marcus & Millichap's Stephen Lieberman. "Considering the current and future outlook for office space demand in downtown Evanston, ownership should prove to be successful.”

TSG Group, a boutique, real estate development and investment company, and Linéaire Group, a Miami-based investment and design firm, acquired the 30,000-square-foot land parcel at 1765 North Miami Ave. for $5.9 million.

"Jeremy's reputation as a meticulous professional with keen leadership qualities is well-deserved. With his guidance, the firm will continue our out-of-the-box thinking," says founder Malcolm McLaren.

The joint venture is acquiring a class-A trophy property in Philadelphia's central business district that is one of the city's most iconic office developments.

“Grand Oak Business Park is the premier office park in the Southeast submarket,” says JLL's Adam Schwartz.

At least now, someone seems happy, although the current ownership resulted from the default of a prior owner's loan and a bankruptcy auction.

The avenue with a global reputation for high-end shopping took another hit as the fashion brand shuttered its doors underscoring its focus on digital customers.