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.
JLL Buys Prominent Durham Medical Office Property
JLL Income Property Trust’s investment portfolio is now 8% healthcare-oriented, with 1.1 million square feet of medical office space across 15 properties.
TerraCap Sells Metro Atlanta Office Portfolio
TerraCap sells roughly 180,000 square feet of suburban Atlanta office space of its Breckinridge property in Duluth, disposing of six out of seven portfolio buildings it had acquired in 2017.
BH Properties Buys Vacant Spec-Built Houston Office Building
BH Properties buys Mason Creek II, premier suburban property offering more than 120,000 square feet of class A Houston office space for rent.
Downtown Works Opens 2nd San Diego Coworking Space
Downtown Works PB offers premier San Diego coworking and shared space facilities, along with access to a global coworking network, due to a unique League partnership.
Cloud Capital Buys Northern Virginia Data Center for $222.5 Million
The LEED Gold-certified office and data center property has been designed to offer superior reliability and security standards. The Tier III compliant structure is home to several government and commercial clients.
Downtown Tampa Bank of America Plaza Lands $175 Million ReFi
Banyan and Oaktree purchased the property from MetLife in 2015, for $194 million. The tower is subject to a 99-year ground lease that expires in 2080.
Suburbs Home to 67% of All Offices Constructed in Last 20 Years
CI Financial Doubles Miami Office Lease Square Footage at 830 Brickell
The 55-story tower is still under construction and the owner-developers joint venture estimates that the project will be completed by the close of 2022.
National Office Listing Rates Increase 1.8% Y-o-Y in December as Vacancy Stagnates
The CommercialEdge January 2022 national office report just released tracks the latest office construction, vacancy trends and leasing activity across the top U.S. office markets, offering insight into the health of the national and market level real estate industries.
Alexandria Real Estate Closes on Boston Metro R&D Office Portfolio
Newmark and Alexandria Real Estate Equities collaborate for another acquisition of Boston office space with great lab conversion potential.
