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The investor sells an office asset in Brea, California, for $376 per square foot to Crowne Pointe Equity.

The new Observatory completes the third-phase of the building's $165 million Observatory Experience project.

In June, the US economy reached its 121st consecutive month of economic expansion. That broke the previous record of growth, which spanned from 1991…

In the arrangement, SL Green will maintain a majority share in the building in the 50/50 joint-venture, leaving the stake range between 45 percent and 49 percent.

The new structure for the investment management platform will strengthens Hines' ability to develop, acquire and operate real estate assets globally in partnership with institutional and retail investors.

"These bold operators that are beginning to forge the next generation of flexible office space aren't always the biggest but they are the ones thinking critically about what will sustain them into the future."

Flexible office encapsulates co-working plus a plethora of other workplace offerings which are being brought to market in various forms by different supply partners, says AY's Charlie Morris in this EXCLUSIVE.

The city's second-tallest commercial building is coming to a close more than two months ahead of schedule.