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The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.
An agile workplace is one that successfully balances the people, places and processes of an organization, and one relatively new agile workspace provider to the scene is rapidly expanding Knotel.
The price of oil is stabilizing, which is favorable for all sectors, but especially the office sector as businesses gain confidence and start to expand again; properties with no Harvey damage are most desirable.
A joint venture of Trammell Crow Co. and Elm Tree Funds was awarded a 20-year build-to-suit lease in August with the General Services Administration for the project.
"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”