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.
Mercedes-Benz Lends Name to JDS’s One Southside Park in Miami
Totaling more than 2.5 M SF, including 200 K SF of Miami office space, Mercedes-Benz Places in Brickell is one of the largest projects currently under construction in Florida.
Madison Realty Snags Distressed Queens Office Space in $80 Million Deal
Madison Realty Capital’s Urian Yap acquired the property at 41-60 Main St. on February 7 for $80 million. The Queens property, which houses tenants like Capital One Bank, was among several under mezzanine loans.
AT&T Consolidates Northern Virginia Operations at New Chantilly Office Space
AT&T has signed a long-term lease for a five-story office building in Chantilly, Va. The 111,000-square-foot space at 4807 Stonecroft Blvd. will consolidate several of AT&T’s facilities in northern Virginia. The company’s expected move-in date is set for 2025.
Portfolio Deals Take the Podium for the Most Expensive Office Sales of 2023
2023 has been a challenging year for the U.S. office market. Despite the return-to-office trend picking up steam, many investors and developers are pivoting towards more creative ways to occupy and monetize new or existing workspaces.
To gauge the impact of these shifts on the overall U.S. office landscape and to highlight the most active markets in terms of top sales values, we compiled a list of 50 of the largest office space transactions in 2023.
Onyx Forms New Partnership to Kick Off Redevelopment of Former New Jersey Merck HQ Campus
With Merck vacating all but one building on its former HQ campus, Onyx & partners announce work will begin at the life sciences NEST Centre in Kenilworth, N.J., with the pilot R&D facility branded 11 NEST.
Expert Insights: Elise Cuneo Talks Office Interior Design in 2024
For the latest interview in our Expert Insights Series, we had the pleasure of speaking with Elise Cuneo, an interior design leader and strategist for Unispace, a…
China Merchants Bank Extends Manhattan Office Lease at 535 Madison
Since originally joining the tenant roster at the Manhattan office property in 2008, the China Merchants Bank New York Branch has expanded its footprint to become the building’s largest office tenant.
Empire State Realty Trust Signs Full-Floor Tenant at 250 W. 57th St.
The Empire State Realty Trust signed a lease for 12,000 square feet of office space in its 250 W. 57th St. office property with a commercial real estate platform.
Zuckerman Spaeder Sets Up New Headquarters at Award-Winning DC Office
Law firm Zuckerman Spaeder has announced it will be leasing 41,000 square feet at 2100 L St. NW — a new trophy office space in Washington, D.C.’s central business district. The company is scheduled to relocate its 90-strong team of attorneys and professional staff in the opening months of 2025 upon the building’s completion.
Office Pipeline 2024: Boston Leads by Construction Volume, Strong Seattle Presence Among Top 20 Projects Under Construction
In the opening months of 2024, reports show roughly 97 million square feet of office space in various stages of development nationally, a 28% drop compared to last year’s total. Boston stands out both in terms construction volume (measured in total square feet), as well as the share of new office developments within its stock.
Manhattan is taking a step back in 2024, with a much more modest 3 million square feet currently in its pipeline, while San Francisco, Seattle, San Diego are witnessing upticks in their development volumes year-over-year.
