DivcoWest

DivcoWest, in partnership with BDT & MSD Partners and a global institutional investor, is pleased to announce the acquisition of One Lincoln Street in Boston, MA, a landmark 1.1 million square foot commercial building in Boston's Financial District. This acquisition by the three-firm ownership group marks a new chapter for One Lincoln, as extensive hospitality-driven upgrades are set to unveil a reimagined workplace.   “Our seasoned ownership team brings unparalleled experience and robust financial backing, positioning our team to not only continue the reimagination of the workplace but also elevate One Lincoln to its rightful stature, maximizing occupancy and enhancing long-term value,” stated Michael Falvey, Head of Boston Acquisitions at DivcoWest.   Significant capital improvements underway include a rooftop deck with a pickleball and basketball court, high performance health and wellness center, and an exclusive tenant library, café, and whiskey bar. Additionally, a full floor of dedicated tenant amenities will feature a town hall, shared work and conference spaces, game rooms, and a wellness recovery suite all aiming to redefine the tenant experience.   DivcoWest will oversee all operations, ensuring One Lincoln exceeds today’s tenant expectations. Newmark will serve as the exclusive leasing group with Executive Managing Directors Gilbert Dailey and Dave Martel leading the strategy to attract top-tier tenants. www.onelincolnboston.com Read press release https://lnkd.in/emTBEF-A

DivcoWest has joined forces with Blackstone to reposition 300 Howard (formerly 199 Fremont), a prominent 25-story office tower in San Francisco's emerging ‘AI Alley’ in the heart of the South Financial District. Significant capital improvements are underway, including a full-floor of dedicated tenant amenities featuring a cutting-edge conference center, elevated lounge spaces, and top-tier fitness and wellness facilities that will transform it into a next-gen workplace designed for innovation and collaboration.    “We’re excited to embark on a long-term partnership with Blackstone in the repositioning of this premier trophy tower located in one of the most innovative commercial corridors in the country,” said Gregg Walker, President of DivcoWest Real Estate Asset Management. “Together, we’re making a bold investment to reimagine 300 Howard as a place that inspires, attracts, and empowers those driving the future of AI and technology.”     JLL will continue its partnership with ownership, playing a key role in the office leasing strategy. Executive Managing Director Chris Roeder, Senior Managing Director Ted Davies, and Senior Vice President Carlye Parker will be the exclusive office leasing agents for the property. DivCore Capital

Join us at Sustainable Sparks: Innovators’ Gathering on the Future of Energy during San Francisco Climate Week.   At DivcoWest, we are dedicated to minimizing our environmental footprint and leading the way in sustainable practices across our portfolio. We believe that by fostering innovation and collaboration, we can create a better future for our tenants, employees, and communities.   We invite you to connect with us and an esteemed panel of energy industry leaders at the Sand Hill Collection in Menlo Park during SF Climate Week. This dynamic gathering will explore energy solutions that are pivotal in shaping a sustainable tomorrow.   Join us on Monday, April 21st for captivating talks from the following thought leaders: ·         William Chueh, Stanford Professor, will unveil cutting-edge advancements in battery technology. ·         Joselyn Lai /Co-Founder of Bedrock Energy, will share her insights into the future of geothermal energy. ·         Michael Hughes, former CRO of ChargePoint and current CEO of OhmEV, will discuss innovations in EV charging.   Be part of the conversation shaping our energy future. Come learn, network, and join the discussion on sustainable energy solutions.   RSVP Here: https://lu.ma/rlie2yjp   By registering for this event, you agree to share your registration information with the organizers of SF Climate Week.   #SFClimateWeek #ESG #SustainableRealEstate #GeothermalEnergy #BatteryTechnology #EVCharging #RealEstateInnovation #SustainabilityLeadership DivCore Capital

It has been an exciting week for the City of San José with the launch of Plug and Play Tech Center's first AI Center of Excellence at our property, 2 West Santa Clara, in downtown San Jose, a leading epicenter of tech innovation.   Gathered at the rotunda of San Jose City Hall, we celebrated alongside Matt Mahan, Mayor of San Jose, Saeed Amidi, CEO of Plug and Play, Patti Poppe, CEO of PG&E and Cynthia Teniente-Matson, President of San Jose State University plus numerous partners to officially cut the ribbon on their new location and come together to showcase our collective commitment to AI innovation and the City of San Jose. Plug and Play’s new AI Center of Excellence in downtown San Jose will provide an environment where the next generation of AI can grow, and tech startups can scale quickly with the support of a global network.   Plug and Play will lease 6,244 sf at 2 West Santa Clara, a 10- story creative urban office building. The DivcoWest San Jose asset management team led by Michael Pelletier worked closely with Michael Saign, Arrillaga Jeff, and Grant Meylan of Newmark to secure the lease and space where Plug and Play will operate a coworking and incubation space for AI-focused startups that aims to drive innovation and economic growth across the AI industry.   DivcoWest and its DivcoWest Ventures team are thrilled to work hand-in-hand with Plug and Play to create this thriving hub for AI advancement and we look forward to fostering a community of innovation that will shape the future together.   DivCore Capital Breton Birkhofer Phoebe Z. #PlugAndPlay #AICenterofExcellence #PNPTCSanJose #AI #Startups #2WestSantaClara

Last week, DivcoWest was honored to attend and be the premier sponsor of the Greater Boston Commercial Brokers Association (CBA) Awards, celebrating the achievements of the local commercial real estate community.   Despite the challenges of 2024, we saw remarkable teamwork and resilience as we gathered to honor those who excelled during these times. Special thanks to the CBA for a memorable event and a shout out to the community partner of the evening, The BASE, whose commitment to empowering local urban youth through sports and education is truly inspiring.   Congratulations to all honorees and award winners with a special acknowledgment to James Canfield of Newmark and Tess St. Lawrence of CBRE/New England for receiving the McCall Leadership Award and Future Leader of the Year Award.   As we look ahead, we’re excited to see how the coming year unfolds and the continued accomplishments that await in not only the Greater Boston commercial real estate community, but to all those we partner with across the country.   DivCore Capital Greater Boston Real Estate Board #CommercialRealEstate #CBA #BostonRealEstate #Teamwork

Marking a new standard in Downtown Austin years ago, Frost Bank Tower continues to grace the Austin skyline with its iconic crown and draw leading tenants due to its timeless architectural design by Duda|Paine Architects, superior downtown location, and its amenity-rich features. With recent renovations to its lobby and amenities designed by MAWD | March and White Design now complete, this marquee building builds on its reputation as a beloved fixture in Austin. #AustinIcon #leasing #investments   Take a look as the Austin Business Journal highlights the story behind this iconic Austin tower. https://lnkd.in/e_DsJ4a8   Endeavor Real Estate Group Travis Dunaway Anne Swift Costa Petrunoff DivCore Capital  

This week, we had the privilege of hosting Alison Fragale, author of the national bestseller "Likeable Badass: How Women Get the Success They Deserve," in collaboration with Alliance Global Advisors for a virtual book club event. The engaging conversation, led by Jennifer Stevens, was designed for our esteemed group of LPs and centered around the vital themes of women empowerment in the workplace and achieving professional success. Standout insights from our discussion: ✔️ Balancing Warmth and Assertiveness: Embrace your individuality. Be open to experimenting with different communication styles that resonate with your authentic self to build your presence. ✔️ Leveraging Your Advocates for Growth: Remember that relationships thrive on reciprocity. Invest in others, and they are likely to return the favor, supporting your future success. ✔️ Managing Imposter Syndrome: Acknowledge that feelings of discomfort can be a source of strength. Embrace the discomfort and grow from it. Thank you to everyone who participated in this enlightening event! A special shoutout to our Capital Strategies & Formation team for hosting and championing the crucial topic of advancing and supporting women in their careers. DivCore Capital Heather Meyerdirk Lindsey Sugar Molly Taylor #LikeableBadass #WomenEmpowerment #Leadership 

We at DivcoWest and LoanCore are deeply saddened by the recent devastating fires that affected Los Angeles and its surrounding communities. Our thoughts continue to be with our employees, partners, friends, and all those impacted.   As firms rooted in Los Angeles, we witness every day the strength, innovation, and resilience that define the LA community. In response to the crisis, we have donated to the Red Cross/California Wildfires to support their critical efforts in providing relief and aid to those affected by the fires. We encourage others to join us in this support, whether through donations, volunteering, or providing resources. Every gesture of support can make a significant difference.   To all those affected by the fires in Los Angeles, know that our thoughts are with you. Together, we will emerge stronger.   https://lnkd.in/guV33BD #LosAngelesStrong

There’s limited space available at 5250 Lankershim now that Penguin Random House | 企鹅兰登 has become the latest tenant in this premier NoHo Arts District building. Occupancy is driven not only by the asset’s ideal location close to a host of everyday retail, restaurant and lifestyle conveniences but also by its quality features including contemporary and spacious public areas and floor-to-ceiling window lines. Our thanks to Anneke Greco, Gil Canton, and Danny Redell of Colliers, Suzanne Lee of NMRK-cre , and Adam C. Ardise of Cushman & Wakefield for bringing another great name to the building. #losangeles #flighttoquality #availableforlease

We’re proud to have been selected to oversee three marquee properties in Austin – Frost Tower, 300 W. 6th Street, and Plaza Saltillo. With the addition of these assets, we're doubling our presence in Austin, now encompassing approximately 3.8 million square feet. This growth not only makes us one of the largest office landlords downtown, it diversifies the selection of superior workspaces, upscale retail, world class amenities and high-end residences we can offer Austinites looking for a quality 24-hour lifestyle environment.   We're excited to deepen our commitment to Austin, a city known for its innovative and creative spirit, where we’ve operated for nearly 20 years. We look forward to working with Travis Dunaway and Anne Swift at Endeavor Real Estate Group to turn the page to a new chapter, fostering sustainable relationships with existing and future office tenants, and contributing to the community.   #Austin #LiveWorkPlay #InstitutionalInvestment #Leasing