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Daily News Saturday 6-20-20

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Office Construction is Booming in Seattle

A number of high-profile office projects have been planned in Seattle, Wash. Some of the projects include a $161.2 million, 552,753 square-foot office tower featuring first-floor retail and 384 residential units, a fully-leased 703,000 square-foot office tower with 17,000 square-feet of retail space, and a pair of 24-story office buildings totaling 888,049 square-feet of space.


Transition Acquisitions Purchases Brooklyn Office Building

Transition Acquisitions, a Brooklyn-based property management firm, has purchased an office building in Brooklyn’s Bushwick neighborhood. The building features 105,000 square-feet of space between its six floors. It was purchased for $44 million, a loss of $2 million from the price the previous owners paid.

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 Mirae Asset Global Investments Receives $68.5 Million in Refinancing

Mirae Asset Global Investments, a Korean financial services firm, has received $68.5 million in refinancing for an office building in Washington, D.C. The 12-story building features a total of 165,604 square-feet of usable space. JLL Capital Markets arranged the loan and the proceeds will be used to repay the existing loan on the property.

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Intuitive Surgical Expands with Pair of Purchases 

Intuitive Surgical, a Silicon Valley-based American robotics manufacturer, has widened its holdings in Sunnyvale, Calif. after purchasing a number of older industrial buildings. In the two most recent transactions, the firm paid $12.7 million for a pair of buildings totaling 26,000 square-feet of industrial space.


Goodman Realty Group Plans New Office Building in Albuquerque

Goodman Realty Group, an Albuquerque-based real estate developer, is planning to add another building to the Winrock Town Center in Albuquerque, N.M. The three-story building, dubbed The Portland Building, will feature 18,667 square-feet of Class-A office space and 9,333 square-feet of retail space. The project will cost approximately $8.5 million and will be completed in 2022.

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July/Aug 2020 Digital Issue

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Podcast: Acoustics and Open-Space Designs

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MBH Architects Named Grand Award Winner at 2020 Gold Nugget Awards

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Ware Malcomb Promotes Kate Lyle to Studio Manager

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Gilbane Building Company Brings on Bryan Dodge

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