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.
Park Avenue Manhattan Office Tower Fetches $360 Million
The high rise at Two Park Avenue sold in one of the largest transactions of office space in Manhattan in 2024. Claiming a price tag of roughly $360 per square foot, the property is now owned by Haddad Brands.
No-Fault Group Expands HQ at New Coral Gables Location
The company signed a 21,806-square-foot lease at 2990 Ponce that will enable it to relocate from its current offices in Doral, Fla. The move also marks a significant expansion of its footprint as the firm will nearly double the size of its headquarters.
Construction Complete on Office-to-Residential Conversion in Downtown Dallas
Dallas ranked among the top 20 U.S. cities for office conversion, and the Santander Tower adaptive reuse project to turn 14 office floors into residential space is just the latest in a string of successful mixed-use deliveries.
Workbox Gears Up for 1st Pennsylvania Location
Workbox brings a variety of flexible office solutions to meet the needs of local entrepreneurs and businesses and builds unique networking and community support opportunities.
Morgan Stanley Offloads Midtown Office Tower for $360 Million
Morgan Stanley has offloaded its 28-story office building at 2 Park Ave. to Haddad Brands for approximately $360 million. This deal marks one of the largest office investment sales in New York City this year.
Global Law Firm Nabs Full-Floor Lease in Austin’s Newest Office Tower
Pillsbury Winthrop Shaw Pittman expands its presence in Austin with a new full-floor lease at The Republic, the newest (and the tallest upon completion) office tower in the downtown Austin skyline.
What Are the Top U.S. Cities for Office Conversion?
How much office space is a feasible candidate for conversion to residential use? We look at data on the 30 largest office markets in the U.S. to rank the locations by best-rated conversion potential.
Apple Expands Footprint at 11 Penn Plaza
Apple has significantly expanded its presence at 11 Penn Plaza, a Midtown Manhattan office building owned by Vornado Realty Trust. The tech giant has secured an additional 61,000 square feet, bringing its total occupancy to 460,000 square feet.
Alexandria Real Estate Signs Long-Term Tenant Expansion at San Carlos Life Sciences Campus
Vaxcyte signed a lease for roughly 260,000 square feet of life sciences office space in San Carlos, in Building 1 of Alexandria Real Estate Equities’ San Francisco Bay Area mega campus.
Revlon Joins NEST With Lease for Innovation Hub Relocation
Revlon is the first tenant to lease office space here since Merck vacated the property and will be consolidating several divisions in more than 60,000 square feet of R&D office space at 15 NEST.
