Ken Griffin Drops $83M On Palm Beach Office Building
The acquisition is most-recent purchase for the hedge fund manager, who has spent at least $350M acquiring property in Palm Beach.
The acquisition is most-recent purchase for the hedge fund manager, who has spent at least $350M acquiring property in Palm Beach.
A shareholder meeting to vote on the merger had been delayed after several large investors argued the merger vastly undervalued DHC.
Artemis Real Estate Partners acquired the property, which sits one block from the White House and was previously owned by Blackstone and BXP.
Despite the leasing slowdown, Downtown's office vacancy remains lower than most other Atlanta submarkets.
Investor Faraj Srour and Triangle Assets snagged a new debt package for two offices in the Grand Central submarket, where demand for office space has been high.
CEOs still can't figure out the best way to keep employees happy while cajoling them back to the office.
Foot traffic at the office may be higher than previously thought, new data shows, potentially abating doomsday scenarios for some owners.
A number of tenants took measures to drastically shrink their footprints during Q3, ranging from a law firm to a global nonprofit to a health insurance company.
Twitter stopped paying rent on several properties after Elon Musk took over the company last year.
The building above Metro Center lost anchor tenant Williams & Connolly, and Hines reportedly relinquished control to lender Allianz Real Estate.
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