JLL Arranges $60.65M Sale and $42.91M Financing of Walnut Tech Business Center for AEW and CIP Real Estate II LLC
•JLL
Office News
Commercial Real Estate News
Newmark Arranges $66.5 Million JPMorgan Refinancing for ZG Capital Partners' Restored Union Square Office Building
•Newmark
Newmark Arranges $85 Million Refinancing for InterVest Capital Partners at 300 Lafayette Street in SoHo
•Newmark
Ardian and Emerige Advance La Pointe des Arts Mixed-Use Project on Île Seguin in Greater Paris
•Ardian
Skanska Sells H2Offices Phase Two in Budapest to ERSTE Open-Ended Real Estate Investment Fund for €98 Million
•Skanska
Singtel and Lendlease Launch Leasing at One Comcentre, Orchard Road's First Grade A Mixed-Use Development in Two Decades
•Lendlease
Newmark Arranges 157,642-SF Office Lease at Travelers Tower II in Southfield, Michigan
•Newmark
FinancingOffice
JLL Arranges $406M CMBS Financing for Trammell Crow Center in Dallas Arts District
JLL's Capital Markets group arranged $406 million in five-year, fixed-rate CMBS financing for Regent Properties' Trammell Crow Center, a 1,226,825-square-foot trophy office tower in Dallas' Arts District. Wells Fargo and Morgan Stanley provided the single-asset single-borrower loan for the 92%-leased, 50-story tower at 2001 Ross Avenue.
•JLL
Leasing
Morgan, Lewis & Bockius Signs 205,000-Square-Foot Lease at Hines-Managed 1251 Sixth Ave. in Midtown Manhattan
Law firm Morgan, Lewis & Bockius has leased 205,000 square feet at 1251 Sixth Ave. in Midtown Manhattan, a building managed by Hines. The deal was among the largest of a third quarter in which Manhattan companies leased more than 10 million square feet of office space.
•Office
Corporate UpdatesOfficeHospitality
City Developments Limited Unveils S$5 Billion Investment, S$6 Billion Divestment Strategy Targeting Commercial and Hospitality Assets
City Developments Limited announced a three-year GET+ strategy on Sept. 28, 2026, targeting S$5 billion in real estate acquisitions and S$6 billion in divestments across commercial, hospitality and other property sectors. The plan centers on Singapore and aims to reduce net gearing to approximately 55% by FY2029 while doubling assets under management to S$10 billion.
•City Developments Limited
FinancingMixed UseMultifamily+4
IFC Closes US$100 Million Islamic Green Facility With Sustainable Development Investment Company for Muscat Mixed-Use Plaza District
The International Finance Corporation has closed a US$100 million Islamic finance green facility with Sustainable Development Investment Company to fund the Plaza District at The Sustainable City–Yiti in Muscat, marking IFC's first real estate investment in Oman. The 19-building mixed-use development will deliver 1,225 apartments alongside office, retail and community uses within a master-planned community targeting net-zero emissions by 2040.
•International Finance Corporation
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DevelopmentOfficeMixed Use
Kresge Foundation Plans 70,000-Square-Foot Office Development at Detroit's Marygrove Campus
The Kresge Foundation announced significant progress on a planned 70,000-square-foot headquarters and community facility at the Marygrove Conservancy campus in northwest Detroit, with a groundbreaking scheduled for spring 2027 and completion targeted for 2029. The project includes broad campus improvements and continued neighborhood investment in the Livernois-McNichols area.
•the Kresge Foundation
Property TransactionsOffice
KBS Sells 515 Congress, 267,956-SF Class A Office Tower in Downtown Austin, to AQUILA, Palmatum Ventures and Glendon Capital Management
KBS has sold 515 Congress, a 267,956-square-foot Class A office tower in downtown Austin, to a joint venture of AQUILA, Palmatum Ventures and Glendon Capital Management. JLL Capital Markets represented KBS in the transaction.
•KBS Realty Advisors
LeasingOffice
KVL Group Signs 2,300-Square-Meter Office Lease at Art-Invest Real Estate's M40 in Berlin-Kreuzberg
Art-Invest Real Estate has signed a lease with KVL Group for approximately 2,300 square meters of office space at M40, the wood-hybrid building within the Die Macherei Berlin-Kreuzberg mixed-use development. The deal, brokered by BNP Paribas Real Estate, brings M40's office occupancy to roughly 75 percent ahead of a planned Q2 2027 handover.
Property TransactionsOffice
Deka Immobilien Sells Brisbane's 66 Eagle Street to GPT for A$380 Million
Deka Immobilien GmbH has sold the 66 Eagle Street office tower in Brisbane, Australia, to GPT for approximately A$380 million (around €235 million). The property, held within the Deka-ImmobilienGlobal open-ended real estate fund, is a 23-level A-grade tower in Brisbane's Golden Triangle financial district.
•Deka Immobilien GmbH
PeopleOffice
Newmark Taps Meg Hanley as Senior Vice President to Lead 601W's 21 Million-Square-Foot Office Portfolio
Newmark has named Meg Hanley as Senior Vice President and Account Executive to lead the firm's recently awarded property management assignment for 601W Companies' U.S. office portfolio, which spans more than 21 million square feet across Chicago, New York, New Jersey and Los Angeles. Hanley brings more than 20 years of commercial real estate experience, most recently leading Sterling Bay Property Management at JLL.
•Newmark
DevelopmentOfficeMixed Use
Thrivent Financial for Lutherans Breaks Ground on $80 Million Evergreen Operations Center in Appleton
Thrivent Financial for Lutherans has started construction on the Evergreen Operations Center, a four-story, 155,000-square-foot office building in Appleton, Wisconsin, representing an approximately $80 million investment. The project marks the first vertical development within Wilden Portfolio Park, a roughly 580-acre mixed-use master plan on Appleton's north side.
•Thrivent Financial for Lutherans
LeasingOffice
WD-40 Company Limited Signs 675-Square-Meter Lease at Edge Technologies' EDGE Eindhoven
WD-40 Company Limited has signed a lease for approximately 675 square meters of office space on the eighth floor of EDGE Eindhoven, a new development owned by Bouwinvest Office Fund. The deal adds an internationally recognized brand to a tenant roster that already includes Deloitte, ING and Sweco at the transit-oriented Eindhoven office building.
•Edge Technologies
LeasingOffice
Rhone Signs 40,000-Square-Foot Headquarters Lease at RFR's 300 Atlantic Street in Stamford
Performance apparel brand Rhone has signed a lease for more than 40,000 square feet at 300 Atlantic Street in Stamford, Connecticut, establishing a new headquarters on the building's top two floors. RFR owns the 300,000-square-foot downtown property, which is undergoing a broad repositioning that includes more than 10,000 square feet of new amenity space.
•RFR