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    BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.

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    The Swedish furniture retailer leased two distribution centers in Baytown, Texas, and American Canyon, Calif. Each project will create around 200 jobs.

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    Designed by Phillip Johnson and John Burgee, the 56-story, 1.2 million-square-foot 700 Louisiana is currently 90 percent leased. HFF secured the loan on behalf of the borrower.

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