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.
CIM Group Forecloses on Manhattan Boutique Office Owned by Arch Companies
CIM Group — a real estate lender, developer and operator — has foreclosed on an Arch Companies-owned boutique office space in Manhattan. This action follows months of turmoil for Arch, including internal disputes and financial difficulties.
Miami Office Tower Changes Hands in Historic Sale
The commercial property changed hands in an all-cash transaction that was one of the biggest sales to close in the state of Florida, to date.
From Rust to Renaissance: The Industrial Heartland’s Long Road to Recovery Continues
For decades, the narrative surrounding America’s Rust Belt was one of decline — factories lying dormant, population decline, urban blight and struggling communities. However, a quiet but determined…
Blue Owl Capital Grows Presence at Seagram Building
Blue Owl Capital has significantly expanded its footprint at RFR Holding’s iconic Seagram Building. The firm renewed its existing lease for 168,597 square feet on floors two through six and added an additional 70,076 square feet on floors 16 through 19.
Workbox Moves Chicago HQ to Fulton Market
Workbox moves its headquarters to Fulton Market, a vibrant hub for small early- and growth-stage businesses, which also makes up the majority of the firm’s clients.
Clarion Partners Secures Refinancing for Boston-Area Life Sciences Property
Clarion Partners has secured a $94 million loan to refinance Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston.Â
Expansive Opens 7th Coworking Space in Chicago
The new Chicago flexible office space hub offered by Expansive at Two Pru in the city’s lakefront east business district will open officially in October and provide everything from private office suites to coworking desks and one-day office memberships.
Vita Coco Relocates Headquarters to Flatiron District Office
Vita Coco has signed a 22,530-square-foot, decade-long lease for its new headquarters at 111 Fifth Ave. in Manhattan’s Flatiron District. The new location is just a short walk from the company’s current headquarters at 250 Park Ave. S. Both office buildings are situated near Union Square, which has recently attracted the attention of several large tenants.
Bridgewater Associates Expands to Manhattan With New Office Lease
Bridgewater Associates is poised to establish its first U.S. office outside of its Connecticut headquarters in Westport. The firm is reportedly close to finalizing a lease for office space at 295 Fifth Ave. in Manhattan between 31st and 30th streets.
Boulder, Colo., Suburb Redtail Ridge Innovation Campus Gets Green Light
The City of Louisville, CO has approved phase one of the Redtail Ridge innovation district project, which aims to deliver new life sciences and office space to the Boulder, CO metropolitan market.
