Greenberg Traurig LLP signed a nearly 80K SF lease at the Hines-owned tower.
Also this week, Brookfield sells a Dupont Circle office, Merritt Properties secures a 58-property refinance, AvalonBay makes another D.C.-area sale, and more.
Plus, the biggest leases, sales and loans this week in New York City.
Hines would exit its role as operating partner of Hudson Square Properties as part of the deal.
The global investor made its first office acquisition in the U.S. of the cycle as it targets properties with "income durability" and "attractive pricing."
A huge residential site at Cherrywood, Dublin, has been put up for sale by Hines and King Street Capital Management for €40M.
Sean Sacks, who worked at Hines for 11 years, announced he is joining WS Development as head of residential.
Ardent has become the latest U.S. investor to target the UK's growing self-storage sector with a new platform seeded by three assets.
New office development in Chicago is constrained by a few factors: more expensive debt, escalating construction costs and a premium placed on equity.
The flight to quality has created opportunities for selective buyers in the European office market as fundamentals back sector, Hines says.
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