Former Groupon HQ Sold In Largest Chicago Office Deal Since 2022
3Edgewood paid $88.7M for the 600 W. Chicago Ave. property, a massive discount from the $510M former owner Sterling Bay paid for the property in 2018.
3Edgewood paid $88.7M for the 600 W. Chicago Ave. property, a massive discount from the $510M former owner Sterling Bay paid for the property in 2018.
Luxembourg-based JAJ Investment Group acquired 400 Atlantic Ave. in downtown Boston for $30M from UBS.
The agency leased more than 25K SF, plans to bring 150 employees to the space and expects to offer in-person support to customers.
Leasing interest in 2024 was 25.3% greater than the year prior.
The Tuesday memo to employees says they have until Feb. 6 to resign and get paid through September.
The investment firm is looking to offload a second tower in Miami's financial district after selling a nearby office building for $250M in October.
The nation's largest publicly traded office landlord wrote down about $169M on the Colorado Center in Los Angeles.
Despite the absorption bump, CBRE is projecting negative absorption for the next few quarters.
BNY Mellon has agreed to a lease for new office space, and Apple is on the hunt for 400K SF.
With Dublin workers still among the more reluctant to go back to the office, Bisnow's investment panel said the tide could be turning.
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