Extell Acquires Park Avenue Construction Site in $500 Million Deal
Extell Development has completed the $500 million acquisition of a block-long construction site at 405-417 Park Ave., marking the largest component of the developer’s growing Midtown assemblage. The prime Manhattan office space, situated between East 54th and East 55th streets, offers a potential rentable office capacity of up to 700,000 square feet.
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Industry news and key trends analysis for top U.S. industrial real estate markets.
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Top U.S. Markets for Investment in 2025: Manhattan, N.Y., & Washington, D.C. Share Spotlight
Which U.S. office markets attracted the most investor interest in 2025? We looked at data on office sales recorded last year to find out.
Pudu Robotics Relocates U.S. HQ From Silicon Valley to Dallas-Fort Worth
Pudu’s new Dallas headquarters office is well connected to the logistics and supply chain infrastructure of the region and alligns with the company’s ambition to serve 1 million people across the U.S. over the next five years.
Bain Capital Forks Over $52 Million for South Florida Industrial Campus
Kurv Industrial, previously known as Bridge Industrial, has finalized the $52 million sale of a warehouse campus in Pompano Beach, Fla., according to official property records. Known as Bridge Point Pompano Beach Commerce Park, the asset is a high-profile industrial space in Pompano Beach, Fla., consisting of three buildings totaling 380,496 square feet. The buyer was Boston-based Bain Capital Real Estate.
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