Commercial real estate
* Alphabet Inc. unit Google LLC agreed to lease a tower and more than half of another building at the seven-building Moffett Towers office campus in North Sunnyvale, Calif., the Silicon Valley Business Journal reported, citing real estate industry sources and the company. The tech giant leased the entire 1020 Enterprise Way totaling 317,166 square feet and more than half of 1050 Enterprise Way, which also totals 317,166 square feet.
* Office landlord Alexandria Real Estate Equities Inc. purchased the 510,000-square-foot office complex Riverside Center in Newton, Mass., from a subsidiary of real estate firm Hines Interests LP for $235 million, the Boston Business Journal reported, citing a Middlesex County deed. The property is nearly fully leased to tenants including Atrius Health and TechTarget.
* Singapore-based Mapletree Industrial Trust's joint venture with Mapletree Investments Pte. Ltd., Mapletree Rosewood Data Centre Trust, settled its $1.37 billion agreement with Digital Realty Trust Inc. with the completion of its acquisition of 10 powered shell data centers in North America for $557.3 million.
* A joint venture of Oliver Tyrone Pulver Corp. and AFL-CIO Building Investment Trust is selling the 15-story, 271,000-square-foot One Tower Bridge building at 100 Front St. in Philadelphia, the Philadelphia Business Journal reported, citing sources familiar with the deal. The property could fetch at least $100 million, the report noted.
* Spanish multinational telco Telefónica SA sold its 153,000-square-foot data center at 11300 NW 25th St. in Doral, Fla., for $44 million, The Real Deal reported, citing records. Daytona US Partnership LP was the buyer of the property.
* Yousefian Family Trust is planning to build a six-story, 85-unit residential building at 1016-1030 N. State St. in the Boyle Heights neighborhood of Los Angeles, which will also feature over 6,500 square feet of commercial space, The Real Deal reported, citing Los Angeles city records.
* Principal Financial Group Inc. signed a lease for 106,000 square feet at Tempus Realty Partners' 401 McCullough Drive property in the University submarket of Charlotte, N.C., the Charlotte Business Journal reported. The company will occupy almost half of the building, which totals about 205,000 square feet, and move into the new space in August.
* Chicago-based Paradise Land Co. is planning to build a 30-story office tower on a 1.26-acre site at 1901 Arapahoe St. in Denver's central business district, the Denver Business Journal reported. The building will have 9,500 square feet of ground-floor retail, 630 parking spaces and 135 bike parking spaces.
* Atlantic Pacific Communities filed a DIC zoning application with Miami-Dade County for the fifth phase of an affordable housing project at the Brownsville Metrorail Station, the South Florida Business Journal reported. The firm plans to boost the density in the fifth phase to 120 affordable housing units from 65. The project would total 99,854 square feet in eight stories at 5255 NW 29th Ave.
* Silver Lake Partners-backed real estate data provider LightBox acquired ClientLook Ltd., a commercial broker software platform, The Real Deal reported.
* The New York City Housing Authority said it needs an estimated $40 billion to repair its housing stock, according to a report by The Real Deal. CEO Gregory Russ of the agency said the previous estimate of $32 billion in 2018 did not fully capture compliance costs.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng declined 0.39% to 28,773.59, and the Nikkei 225 fell 0.45% to 23,916.58.
In Europe, around midday, the FTSE 100 gained 0.10% to 7,629.13, and the Euronext 100 was essentially flat at 1,157.62.
On the macro front
The U.S. PPI-FD, the U.S. Empire State manufacturing survey, the Atlanta Fed business inflation expectations report, the U.S. EIA petroleum status report and the U.S. beige book are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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