property type: Office

KKR Real Estate Select Trust Inc. has paid $535 million, or $886.25/sf, for HQ@First, a 603,666-square-foot office property in San Jose, Calif. The non-traded REIT recently formed by KKR & Co. purchased the property from Mori Trust Group of Japan, which had ...

Milwaukee Business Journal J. Jeffers & Co. has secured $35.6 million of financing for the redevelopment of the former Milwaukee Journal Sentinel newspaper building in downtown Milwaukee into apartments. Busey Bank of Illinois provided a construction loan for the project, ...

Paramount Group Inc. has secured $860 million of financing against 1301 Avenue of the Americas, a 1.7 million-square-foot office building in midtown Manhattan. The five-year loan is comprised of a $500 million tranche that pays a fixed coupon of 3.11 ...

Pacific Western Bank has provided $127.5 million of financing to fund the redevelopment of three buildings within the Skyline office complex in suburban Washington, D.C., into apartments. The three buildings, at 5201, 5203 and 5205 Leesburg Pike in Falls Church, ...

Charlotte Business Journal Crescent Communities has sold Ally Charlotte Center, a 750,000-square-foot office building in Charlotte, N.C., for $390 million, or $520/sf. The Charlotte developer, which finished work on the 26-story property earlier this year, sold it to STS Properties LLC, ...

South Florida Business Journal A company managed by Hannah Park 2020 Management Trust has bought Northlake Corporate Park, a 75,056-square-foot office property in Palm Beach Gardens, Fla., for $11.6 million, or about $154.55/sf. The Totowa, N.J., company bought the four-building ...

South Florida Business Journal Renaissance Properties has sold Aventura Corporate Center, a 525,442-square-foot office property in South Florida. The New York company sold the three-building complex to an affiliate of Stonecutter Capital Management of Atlanta. Aventura Corporate Center sits on ...

Triangle Town Center, a 1.3 million-square-foot shopping mall in Raleigh, N.C., is being offered for sale, three full years after its $101.4 million of CMBS financing was transferred to special servicing as it wasn't going to be paid off at ...

New York Post Advance Publications has paid nearly $10 million in back rent for the 1.1 million square feet of space it leases at One World Trade Center in Manhattan. The company, Conde Nast's parent, had withheld paying rent in January, ...

New York Post Fried, Frank, Harris, Shriver & Jacobson has renewed its lease for 380,438 square feet at One New York Plaza, a 2.6 million-sf office building in Manhattan. The law firm's lease was scheduled to expire at the end ...