Office
Read the latest real estate industry news with a focus on traditional office space leases, office property sale transactions, new office project construction and adaptive reuse repositioning programs, and more.
Lanterman Regional Center Inks 10-Year Lease for Glendale, Calif., Office
Frank D. Lanterman Regional Center secured a 10-year lease for 50,836 square feet at the Onni Group’s 611 N. Brand in Glendale, Calif. The $18.8 million lease encompasses two full floors within the 396,000-square-foot office tower and is one of the largest Glendale, Calif., office deals this year.
Nurturing Commercial Real Estate Leads: 6 Effective Follow-Up Strategies for Brokerages
Successfully nurturing commercial real estate leads can drive more closed deals and long-term client relationships for brokerages. By building trust, maintaining engagement and staying top of mind, brokers can turn initial interest into lasting partnerships. Effective lead nurturing goes beyond simple follow-ups—it requires a strategic mix of personalized outreach, timely communication and technology-driven insights.
Skanska, Pickard Chilton Complete Office Tower in Bellevue, Wash.
The newly completed Eight is Pickard Chilton’s second successful project with Skanska, adding more than 500,000 square feet of premium Bellevue, WA office space to the growing market.
Commercial Property Classifications by Use Types & Building Classes
An essential part of the commercial real estate sector, office buildings are divided into multiple categories based on their primary use type of office space or in different classes by features like age, location and amenities. As each category offers different market positions and profitability, understanding the specifics of all types of office buildings is key for CRE professionals to make informed, strategic decisions.
KDC Announces Next Development Phase at Denver Mixed-Use Project
Up to 3 million square feet of build-to-suit tech and office space in Denver at the new development phase of Peña Station, located United Airlines’ 113-acre future flight training center.
CBRE to Head Paramount Building Office Space Leasing in Manhattan
First completed in the late 1920s as the East Coast headquarters of Paramount Pictures and once the tallest building in Manhattan, The Paramount offers a diverse mix of office leasing opportunities, with marketing efforts led by CBRE.
Sluggish Job Growth & Loan Maturities Compound Office Sector Struggles
Office vacancy rates remain high as the national supply pipeline hits a new low and the office sector braces for $290 billion in loans hitting maturity.
Amazon Expands Presence at Miami’s Wynwood Development
Amazon is expanding its office presence at Wynwood Plaza in Miami, securing an additional 25,000 square feet. This expansion boosts the tech giant’s total office footprint within the nearly completed, 12-story, mixed-use complex to 75,000 square feet. When fully finished, the development will feature 266,000 square feet of office space, 509 apartments and 25,000 square feet of retail space
Saudi Fund Partners With Related for Proposed Manhattan Office Tower
Saudi Arabia’s government fund is partnering with Related Companies to acquire a two-thirds stake in a site at 625 Madison Ave. in Manhattan, where a new skyscraper is planned. The total cost for the site and its development is projected to exceed $1 billion, according to sources familiar with the deal. The fund has already invested $200 million into the project, although its final contribution is still being determined.
WeWork Secures First Post-Bankruptcy Coworking Lease in Manhattan, N.Y.
A leading global provider of flexible space, WeWork announced that it had executed a 60,000-square-foot lease agreement with AmTrust RE at 250 Broadway. This marks the company’s first coworking deal since its bankruptcy filing. The new location is projected to open in December and will cover five floors (the 24th, 25th, 27th, 28th and 29th).
