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Artist Walk has been called a poster child of smart transit-based development, located a block from a station for the ACE train to Silicon Valley and two miles from BART, and it recently sold to Clarion Partners.
The IRS will vacate more than 32,000 square feet in the third quarter of this year, which will lower the building's occupancy to 61.1% and create what Cushman & Wakefield terms as a tremendous value-add opportunity for Capstone.
Cushman & Wakefield Senior Housing Capital Markets, which is based in Boston, reports it has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit project in Montvale.
Longfellow Real Estate Partners recently acquired Palo Alto Tech Center from KBS for $205 million and if the development cap is made permanent, it would guarantee almost no new competitive products for the center.
Cushman & Wakefield reported six recent lease deals at the 318,062-square-foot complex, developed by Butters Construction & Development in Broward County, which consists of three buildings (Six, Seven and Eight).
Breather's space at 565 Commercial in the Financial District promises to include private space with flexible terms where companies can create individual cultures without the noise and distractions of co-working.