Office

Striking Distance Studios’ goal was to locate space that would allow it to create a high-caliber game studio with desirable amenities in a central location in the Bay Area, said its broker, Madeline Serafin of Realmark.

The deal follows last week’s sale of 99 Greenwich Ave. by Midwood Investment & Development. The nearly 11,000-square-foot retail property triple-net leased to CVS through January 2038 was acquired by an institutional investor for $30 million.

The firm has launched a new life sciences platform and has acquired a $152M life sciences campus in New Jersey.

With more than 7 million square feet of office space under construction, development is at new record levels not seen since the 1990s.

After revealing closing $140 million ground leases underlying office buildings in New York, NY and Austin, TX, the firm releases newly signed contracts in New York.

Stats from JLL and CBRE show that sales transactions in global commercial real estate are falling.

In this <b>EXCLUSIVE</b>, Adam Hooper discusses his outlook on the commercial real estate market, his expectations for the remainder of the year and 2020, and the impact of upcoming legislation changes.

Fortinet’s new building will include advanced technologies, such as a precast concrete structural system with a passive cooling system and night purge that flushes warm air to provide energy savings.