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.
Boston Proper Signs New Lease for Boca Raton Headquarters
Boston Proper has agreed to remain at its headquarters at 1155 Broken Sound Parkway NW in Boca Raton, Fla. for another 10 years. The property is owned by Adler Real Estate Partners.
Local Investment Group Acquires Iconic Seattle High-Rise
Despite high office vacancy in the downtown Seattle market, the new owners believe upgrading office space and visitor experience at the Smith Tower to meet modern and foreseeable standards will attract more business and foot traffic back to Pioneer Square.
Northwind Group Issues Acquisition Loan for 100 Wall St.
A joint venture of BLDG and DWREI recently acquired the iconic 29-story office building at 100 Wall St., totaling more than 500,000 square feet of class A Manhattan office space.
Bain Capital Expands Boston Back Bay Headquarters
Bain Capital expanded it headquarters lease to nearly 400KSF of office space in Boston at BXP’s 200 Clarendon, the tallest office tower in New England.
2024 Mid-Year Office Construction Report: Boston Numbers Hold Strong
Across major U.S. markets, office construction numbers total approximately 77 million square feet, with Boston contributing some 12 million square feet, followed by Dallas and San Francisco with similar amounts (5 million square feet).
Mitsui Fudosan Signs New Office Tenant at 1251 Avenue of the Americas
DCMA is moving headquarters from the Financial District to office space in Midtown Manhattan’s Rockefeller Center. The financial company leased the 49th floor of Mitsui Fudosan America’s 1251 6th Ave.
Willkie Farr & Gallagher Stays Put at Midtown Manhattan Office
Law firm Willkie Farr & Gallagher has extended its lease at its 315,000-square-foot headquarters within CommonWealth Partners’ 787 Seventh Ave. for another two decades. The firm will look to renovate the 51-story Theater District office building to meet future needs, although financing details for the planned upgrades were not shared.
ATCO Locks Down 2 Lease Renewals at Midtown Office
ATCO Properties & Management has sealed two renewals at 555 Fifth Ave. as existing tenants Telsey Advisory Group (TAG) and Maritime Capital LLC committed to the 257,000-square-foot property in the heart of Midtown. Both firms have been part of the building’s tenant roster since 2017, according to the landlord.
Carlo Bellini-Owned Financial District Office Changes Hands in $297 Million Transaction
Carlo Bellini’s 99c has expanded its footprint across New York City with the acquisition of a 1.2-million-square-foot office tower in Manhattan’s Financial District. The company forked over $297 million to buy 180 Maiden Lane from a joint venture between Clarion Partners and MHP Real Estate.
Sterling Bay Signs Leases with U.S. Travel Association & CEPI in Renovated D.C. Office
A joint venture comprised of Chicago-based Sterling Bay — along with MRP Realty and Declaration Partners — inked two new leases with the U.S. Travel Association and the Coalition for Epidemic Preparedness Innovations (CEPI) for a total of 25,745 square feet at its Washington, D.C. offices at 1899 Pennsylvania Ave.
