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WASHINGTON, DC—The new owner of the building leased by Bonfire paid $6.4 million for the property. In other news, Towne Place at Greenbrier has traded and the DC area is getting yet more collaborative office space.
HOBOKEN, NJ—Consumer goods company Newell Brands has signed a lease to establish its corporate headquarters at Waterfront Corporate Center III in Hoboken. The transaction brings SJP Properties' class A office and retail building to full occupancy.
CALABASAS, CA—“Considering bars and restaurants have been a leading retail growth sector, the outlook for these and other net-leased assets remains strong,” Marcus & Millichap says in its second-quarter forecast for the sector
SAN FRANCISCO—Complete with seven floors, 136 meeting spaces and a rooftop deck, Splunk's new building at 270 Brannan St. will be an extension of its HQ at 250 Brannan St. with space at Santana Row soon to follow.
LOS ANGELES—Rising Realty launches 5x5 Telecommunications, a high-speed and high-quality fiber optic internet service that has helped increase occupancy and rents in their buildings, GlobeSt.com reports in this EXCLUSIVE story.
NEW YORK CITY—Industry professionals taking part in a panel discussion here late last week on the state of economic and real estate affairs see causes for concern.
SAN DIEGO—It's clear that despite a healthy economy, not every part of San Diego is enjoying economic prosperity. Jim Zortman tells GlobeSt.com what he hopes to do about this issue and others in this <b>EXCLUSIVE</b> interview.
COSTA MESA, CA—Baker Block, a planned multifamily community here, sits on a site previously occupied by an office building and was rezoned for residential use in the area adjacent to the SoBECA District, typically home to low-density office and light manufacturing facilities.
PHILADELPHIA, PA—Megan Syrnick, PE, a project manager with Hill International's Project Management Group, was named Construction Engineer of the Year by the Philadelphia Section of the American Society of Civil Engineers.
BOSTON—The MI M2 development, which sits on more than 3.5 acres at Seaport Boulevard and Pier Four Boulevard, is Cottonwood's first in South Boston's Seaport District.