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    550 Madison Ave. in Midtown Manhattan will undergo modernization to its interior spaces, as well as adding high-quality amenities, world-class retail and restaurants. The renovated property is targeting LEED Gold certification and will be ready for new tenants in 2019.

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  • Pair of NJ Office Buildings Trade for $21M

    Alma Realty acquired the buildings out of REO through a sale arranged by CBRE, after the previous owner defaulted on a $24.1 million loan. The assets are 77 percent leased and offer 41,400 square feet of vacant space.

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    Construction of the education and research high-rise is expected to begin next month with an anticipated completion date of December 2019.

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  • Macerich Snags $86M for Chicago Office Asset

    Located at 500 N. Michigan Ave., the 326,000-square-foot tower features 24 floors and last underwent cosmetic renovations in 2009. The property is situated adjacent to Macerich's The Shops at North Bridge.

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  • Hines to Renovate Phoenix Office Campus

    The company plans to invest up to $1 million to upgrade the exterior of 24th at Camelback, a 627,000-square-foot office complex. The refurbishment is scheduled for completion by the end of the year.

    11 October 2017 16:09