News and Insights

Group RMC

April 4, 2025

Ground Leases: The Pearl of Real Estate

In the world of real estate investing, ground leases don’t always get the spotlight—but they should. This week, we’re zooming in on why ground leases are an incredibly strategic (and often underappreciated) part of a well-rounded investment portfolio.

CoStar

Morton Salt lease brings jobs to Overland Park, Kansas

Morton Salt, a popular brand of salt products based in Chicago, established a new office in Kansas City last December by leasing 46,556 square feet at 40 Corporate Woods in Overland Park, Kansas, owned by Group RMC, a New York-based investment manager.

Group RMC

Opportunities within the US Commercial Real Estate Funding Gap

As the U.S. commercial real estate (CRE) market approaches a historic wave of debt maturities in 2025, investors and lenders are positioning themselves to capitalize on a shifting financial landscape.

Crain's Chicago Business

Downers Grove office complex reloads after losing anchor tenant

The owner of a Downers Grove office complex that just lost its largest tenant has already inked a deal to replace it, one of many examples showing how top-tier office properties are weathering the post-pandemic storm better than others.

CBRE

CBRE Secures 46,187 Square Foot Lease in Corridors Office Complex

CBRE has arranged a new 46,187 square foot lease at Corridors II, a Group RMC owned Class A office building within the Corridors office complex in Downers Grove, IL. Ryerson, one of North America's largest trusted metal distributors, has signed a lease and will occupy the space in November 2025.

Jacksonville Business Journal

Starbucks aims to activate Laura Street downtown

Starbucks is making a comeback to downtown Jacksonville, breathing new life into a key corner of the city's main corridor.

Colliers

Successful Sale of the Brookfield Lakes Retail Center

Colliers Investment Services Team Wisconsin is proud to announce the successful closing of the Brookfield Lakes Retail Center in Brookfield, Wisconsin. Colliers represented the seller, Group RMC, in the transaction and procured the buyer, General Capital Group, based in Fox Point, Wisconsin.

Jacksonville Business Journal

Miami hospitality group eyes downtown Jacksonville for new concept

A Miami Michelin-starred group plans to expand to Jacksonville, impressed by its potential.

Corporate Woods Office Park

115 Leases for 464,000 rsf completed in Corporate Woods Office Park

115 Leases for 464,000 rsf completed in Corporate Woods Office Park, Overland Park, Kansas, in 2024! This includes 41 new tenants and 74 renewing or expanding tenants.

BOMA Columbus Ohio

65 E State Street wins the TOBY Award

A huge CONGRATULATIONS to 65 E State Street, under the exceptional management of Elke Peters, RPA, Senior Real Estate Manager, and her dedicated team at CBRE, for winning this year’s 2024 BOMA Columbus Building Excellence Award with over 150 votes from industry peers!

Brownstoner

Bushwick’s William Ulmer Brewery to Begin Residential Conversion

The historic 19th century William Ulmer Brewery in Bushwick will be converted from an industrial complex into a mixed commercial and residential one with 34 rental apartments as part of an upcoming adaptive reuse project.

Pincus Co

Group RMC pays $14.5M for two church properties in Two Bridges

Group RMC through the entity 53 Catherine NYC Realty LP paid $14.5 million to the Roman Catholic Church.

Milwaukee Business Journal

Chase Tower in downtown Milwaukee to see more renovations as it works to refill space

The New York investment firm that bought Chase Tower in 2021 completed a first round of renovations this year, and is ready to start more as it sees a number of tenants in the market that could help refill the downtown tower’s vacant spaces.

Digital Journal

Group RMC Welcomes Andrew Marsh to Advisory Board

Group RMC is proud to announce the appointment to its Advisory Board of Andrew Marsh, a financial services veteran bringing decades of expertise in sales management, M&A, and expansions. The move comes as Group RMC extends its focus beyond traditional real estate equity holdings.

Markets Insider

Group RMC Acquires Phoenix Tower, a Premium Office Asset in Houston's Greenway Plaza

Group RMC is pleased to announce its recent acquisition of Phoenix Tower, a 34-story, 630,594-square-foot premium office building located in Houston's Greenway Plaza.

Jacksonville Daily Record

Owner plans $4.1 million investment in Downtown Bank of America Tower amenity floor

Real estate company CBRE and landlord Group RMC announced May 31 that the ninth floor of the 42-story Bank of America Tower Downtown will be reconfigured with amenities at an investment of about $4.1 million. Completion is anticipated in the first quarter of 2024.

Jacksonville Business Journal

Bank of America Tower adding $4.1M amenity floor

The improvements include a fitness center, community hub and conference center.

Group RMC

Group RMC acquires 3,000 Acres+ in Kanata

Group RMC's new business enterprise is one of the largest deals in Ottawa's history.

CoStar

New Owner of Houston Office Building Near Galleria Inks Six Leases

The relatively new owner of a 40-year-old office building near the Galleria Mall in Houston has landed several leases within the past few months. New York City-based Group RMC bought the 22-story building at 5718 Westheimer Road in October 2021 from UBS Realty Investors for an undisclosed price and has leased more than 78,000 square feet of office space since then.

Cincinnati Business Courier

PNC Tower's $3.5 million upgrade in Downtown Cincinnati

One of the largest office buildings in downtown Cincinnati recently wrapped up a complete overhaul of its lobby and is looking to continue upgrading its amenities for tenants.

GlobeNewswire

Group RMC Announces Appointment of Winthrop H. Smith Jr. to Its Advisory Board

Group RMC - the private partnership co-investment company focused primarily on commercial real estate in the Midwestern and Southern United States - is excited to announce that former Chairman of Merrill Lynch International and distinguished author Win Smith is joining its advisory board ahead of expansion plans in 2022.

Biz Times

Chase Tower sold for $34.25 million

New York-based investor Group RMC purchased the Chase Tower office building in downtown Milwaukee for $34.25 million, state records show.

Milwaukee Journal

Chase Tower, one of downtown Milwaukee's largest office buildings, has been sold for $34.25 million to New York-based Group RMC

Chase Tower, one of downtown Milwaukee's largest office buildings, has been sold for $34.25 million.

The Real Deal

New York’s Group RMC buys 4 Chicago office buildings for almost $100M

Group RMC is finalizing contracts to purchase three office buildings in the Corridors office park in Downers Grove, Crain’s Chicago Business reported. RMC is also purchasing the Highland Landmark III office building a few miles away from the other three.

Cincinnati Business Courier

One of downtown Cincinnati’s largest office buildings gets $3M lobby, amenity upgrade

The new owners of PNC Center, Group RMC Corp., are investing in lobby and amenity upgrades for the building. Group RMC purchased the 26-story building at the beginning of 2020 for more than $50 million. Now, it is investing another $3 million to renovate the lobby. Group RMC announced it planned to make upgrades to the property when it acquired the office tower at 201 E. Fifth St.

Milwaukee Business Journal

Sale of 330 Kilbourn office towers in downtown Milwaukee completed

The 330 Kilbourn office property with two 14-story towers in downtown Milwaukee officially changed hands.

Commercial Observer

Voya Financial Lends $31M on Office High-Rise in Downtown Columbus

New York-based investor Group RMC has nabbed $30.5 million in debt from Voya Financial to fund its purchase of 65 East State Street, an office high-rise in Downtown Columbus, according to information from financier Walker & Dunlop, which arranged the financing on behalf of the borrower.

Jax Daily Record

Bank of America Tower sells in $75.5 million deal

Group RMC of New York City bought Jacksonville’s tallest office high-rise – the 42-story Bank of America Tower – and two other Downtown buildings Dec. 15 for $75.5 million.

Louisville Business First

East End offices sold in $44 million deal

Group RMC closed earlier this month on The East End Office Portfolio for $44.2 million, according to a Jefferson County deed. The seller was Louisville-based real estate firm Ascent Properties LLC. The East End Office Portfolio is a 515,000-square-foot real estate portfolio that features seven East Louisville properties.

Cincinnati Business Courier

One of Cincinnati’s largest office towers sold

PNC Center has been purchased by Group RMC. The new owners plan a multimillion dollar investment into the building.

Cincinnati Business Courier

New owner of downtown office towers plans $5M in upgrades

The new owner of one of downtown Cincinnati’s largest office towers is planning multiple upgrades and renovations to the building.

Tulsa World

Company buys nine-building portfolio totaling more than 1 million square feet in Tulsa

An affiliate of Group RMC, a New York-based real estate co-investment group, recently bought nine buildings totaling more than 1 million square feet in Tulsa, commercial real estate company CBRE has announced.

Commercial Property Executive

Group RMC Expands Memphis Office Portfolio

The $32.3 million acquisition of four properties totaling 391,297 square feet along the 385 Corridor marks the company’s fourth purchase in the metro.

Crain's Detroit Business

Northfield Office Park in Troy sells to NYC firm for $12.2 million

The Northfield Office Park in Troy has sold for $12.2 million to a New York City-based company that already owns about 600,000 square feet of Oakland County office space.

Memphis Business Journal

One Commerce Square owner buys Thousand Oaks for half of its previous sales price

The New York-based owner of One Commerce Square has purchased another 420,000 square feet of local office space.

St. Paul Business Journal

Equus sells Grand Oak office park in Eagan for $70 million

Equus Capital Partners, a Philadelphia real estate fund manager with some sizable Twin Cities holdings, has sold Grand Oak Office Park in Eagan.

Matt Grossman

Group RMC Seals $63M Loan to Buy Office Complex

Morgan Stanley has lent $63 million to a private real estate investor towards its purchase of an office complex in suburban Chicago.

Memphis Business Journal

NY firm under contract to purchase One Commerce Square from Memphis-based investors

An Memphis investment group featuring a prominent local philanthropist is under contract to sell the iconic One Commerce Square office tower to a New York-based real estate firm.

Crain's

Group RMC purchases Westbrook Corporate Center from Blackstone

The New York-based private-equity giant has agreed to sell the 1.1 million-square-foot Westbrook Corporate Center in Westchester to a venture of New York investor Group RMC for $132 million, according to sources familiar with the deal.

CBRE

CBRE Arranges Sale of Two Office Properties Detroit Suburbs

CBRE, Inc. recently completed the disposition of Wilshire Plaza North and West at 900 and 1050 Wilshire Drive in Troy, Michigan.

RE Journals

Group RMC acquires Kansas' Corporate Woods

Group RMC Corporation announced Wednesday it has closed on the acquisition of Corporate Woods in Overland Park, Kansas. Block Real Estate Services, LLC acted as an advisor in the transaction.

PR Newswire

JLL Secures $221.25 million in acquisition financing for massive office campus in Kansas

JLL's Capital Markets experts today announced the company secured $221.25 million in acquisition financing on behalf of an affiliate of Group RMC Corporation. The loan will be used to purchase Corporate Woods, a 2.2 million-square-foot office campus consisting of 22 mostly Class A office buildings in Overland Park, Kansas. Institutional lenders provided the 10-year, fixed-rate loan.

ReBusiness Online

CBRE Arranges Sale of Two-Building Office Portfolio

CBRE has arranged the sale of Wilshire Plaza North and West in Troy, a northern suburb of Detroit. The sales price was $33 million, according to CoStar Group Inc. The two office buildings, comprising 349,625 square feet, are located at 900 and 1050 Wilshire Drive.

KSHB.com 41 Action News

Corporate Woods gets new owners in large Kansas City real estate deal

Corporate Woods in Overland Park has been sold to new owners in this year’s largest real estate deal in the Kansas City metro.

Crain's

Wilshire Plaza office complex in Troy sells to NYC buyer

An affiliate of New York City-based real estate company Group RMC Corp. has purchased a 350,000-square-foot Troy office complex.

CBRE

CBRE Capital Markets arranges sale of 1.1 million SQ FT Suburban Office in Columbus Ohio

CBRE Group, Inc. announced that its National Loan & Portfolio Sale Advisors team has arranged the sale of the Columbus Office Portfolio, a seven building, 1.1-million-square-foot suburban office portfolio in Dublin, Ohio, to an affiliate of New York based Group RMC Corporation for $77 million.

Colliers

Group RMC purchases a nine-building portfolio in Dublin for $77 million.

Group RMC Corp., a New York-based real estate investment firm, recently purchased a nine-building portfolio in Dublin for $77 million. The portfolio includes 1.1 million square feet of Class A, multi-tenant office buildings.

Columbus Business First

Huge office sale in Dublin as New York firm buys 9 buildings with 1.1M square feet

A New York real estate firm is adding to its Central Ohio holdings with a $77 million deal for a portfolio of properties in Dublin.

REBusiness Online

CBRE Arranges Sale of 591,387 SF Office Park in Carmel, Indiana

CBRE Group Inc. has arranged the sale of Hamilton Crossing office park in Carmel, immediately north of Indianapolis.

Indianapolis Business Journal

New York firm acquires high-profile Carmel office park

Hamilton Crossing, a high-profile Class A suburban office park consisting of six buildings on 44 acres along U.S. 31 in Carmel, has new ownership.

Current In Carmel

Hamilton Crossing office park sold to Group RMC

The Hamilton Crossing office park, which included the headquarters of now defunct ITT Educational Services, has been sold.

CBRE

CBRE Arranges Sale of Hamilton Crossing

CBRE Group, Inc. today announced the completed sale of Hamilton Crossing office park, located in Carmel, IN along U.S. 31.

The Real Deal

The Real Deal_ $94M JoCo sale could have fetched more

7101 Tower, also known as the “Darth Vader” building, is a 15-story, 228,660-square-foot office building at 7101 College Blvd. in Overland Park. It was built in 1986.

The Real Deal

OP office portfolio including ’Darth Vader’ building fetches $94M - Kansas City Business Journal

Totaling 806,864 square feet, the portfolio comprises three properties: 7101 College, also known as the "Darth Vader" building; Commerce Plaza I and II; and Financial Plaza I-IV.

Cleveland.com

Seven Akron-area office buildings sell for $30 million to out-of-town buyer

An out-of-state investment group bought seven Summit County office buildings this week in a roughly $30 million transaction, starting the new year with a sizable real estate deal for suburban Akron.

Cleveland.com

Two Beachwood office buildings sold to out-of-state buyers

An international investor group paid $9.35 million for Corporate Place, on Science Park Drive, in a deal that closed Wednesday.

Indianapolis Business Journal

Castleton Park acquired by New York real estate investor

Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.

Cleveland.com

Summit Office Park in Independence sells for $26.5 million to Canadian investors

The seven-story Summit Three office building was part of a four-building real estate deal that closed Tuesday. A Canadian investor group paid $26.5 million for Summit Office Park in Independence.