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.
How U.S. Commute Times Have Changed in the Hybrid Work Era
The “back to normal” still looks like a slightly different normal in many ways, including commute trends. We look at how commute times have changed since the remote workforce shifted more into a hybrid arrangement, based on the latest numbers released by the U.S. Census Bureau.
Rising Ground Inks New Lease for 27,000-Square-Foot Brooklyn Office Space
Rising Ground, a prominent human services organization, is relocating its downtown Brooklyn office to 111 Livingston St. The nonprofit has signed a 15-year lease for 27,147 square feet on the 19th and 20th floors of the building.
Q3 2024 Office Markets Report: Examining Key Trends in the 100 Largest Office & Coworking Markets
We compared and scored the 100 largest office markets in the US to see which performed best across several key indicators including asking rent, vacancy, loan maturities, coworking growth, deliveries and under-construction pipelines, 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.
