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The 95-year-old Dexter Horton building sold to CIM Group for $151 million, but the acquisition may be the last as growth may slow with rising interest rates and reduced global activity signaling the cycle's end.
A number of strategic decisions have allowed Welltower Inc. to grow into a healthcare industry powerhouse, with an enterprise value in excess of $40 billion.
In addition to 111 Eighth Ave., Chelsea Market and Pier 57, Google is creating a 1.7 million square-foot Hudson Square campus on Hudson Street and 550 Washington St.
Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
The firm, which issued multiple significant ownership and leasing announcements at properties in Manhattan, also released today sweeping redevelopment plans for its One Madison Ave. office building next to Madison Square Park.
Salesforce Tower Chicago is one of six Tower investments the company has announced in key markets including its headquarters in San Francisco, New York, London, Indianapolis, and Atlanta.