Patrick McGregor
Patrick McGregor is a senior writer covering the real estate industry and overall economic trends in the United States for several Yardi product publications. He also holds an MBA from Thunderbird School of Global Management. Patrick was previously a commercial real estate analyst at Yardi Matrix for five years. His work has appeared in the New York Times, Bisnow, GlobeSt, The Real Deal, Business Insider, The Denver Post, The Motley Fool, and more.
Suburbs Home to 67% of All Offices Constructed in Last 20 Years
National Office Listing Rates Increase 1.8% Y-o-Y in December as Vacancy Stagnates
The CommercialEdge January 2022 national office report just released tracks the latest office construction, vacancy trends and leasing activity across the top U.S. office markets, offering insight into the health of the national and market level real estate industries.
Vornado Divests 480 Broadway & 155 Spring in SoHo
The buildings at 480 Broadway and 155 Spring in SoHo, Manhattan have traded to KPGFunds.com from Vornado for an undisclosed price. The luxury properties will be repositioned as high-end, luxury offices with top-notch amenities and ground floor retail.
Boulder Tops Silicon Valley as Most Cutting-Edge Metro in U.S.
Key Takeaways: Boulder, Colo., is the most cutting-edge metro area in the country with the most robust EV-charging network per capita. Top cities that have drawn tech companies…
Congress Square Office Tower in Downtown Boston Recapitalized
Just off of fresh renovations, 40 Water St, a.k.a. Congress Square, in downtown Boston has been recapitalized with new owners led by Hana Financial and KTB Asset Management which took a 95% ownership stake in the property for $342 million.
People are Choosing to Walk More Than Ever, According to Apple Mobility Trends
According to Apple’s Mobility Trends data, residents across the country are choosing to walk places more often than driving or taking public transit, but they’re also walking way more than they were before the pandemic.
BXP Enters Seattle Office Market with Purchase of Safeco Plaza
Safeco Plaza in Seattle’s central business district has traded hands for $465 million to a joint venture managed by top publicly traded class A office owner, Boston Properties in a deal that brings the ownership, management and develop behemoth to the Seattle office market.
Best Cities for Working Remotely in the U.S.
Working from home has turned into the new normal for more people than ever before, opening up the possibility to live in any city across the country. The Phoenix suburbs are popular places to work from, but larger cities like Austin and Nashville are growing their share of digital nomads.
Construction Begins on 200 Clayton Project in Denver
Developers broke ground on the 76,000-square-foot mixed-use building at 200 Clayton in the Cherry Creek North neighborhood of Denver. The eight-story building will house a division of The Broe Group’s team and act as part of their headquarters.
CBS Building in Midtown Manhattan to Trade Hands for First Time
Harbor Group International purchased the CBS Building in Midtown Manhattan for $760 million in a seller-leaseback transaction from ViacomCBS which will maintain its presence in the building but reduce its footprint.
