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.
CIM Signs Office Lease with CNY Group at 1440 Broadway
CNY took 34,000 square feet of Midtown office space for rent at the CIM Group property on Broadway, to serve as the company’s headquarters.
Datasphere Pays $80 Million for North Atlanta Data Center
The asset, located in the country’s seventh-largest data center market, also includes available land for an additional 140,000 square feet of office space and data center facilities development.
How Embracing Predictive Adaptability Will Transform the Office Space of 2022 and Beyond
As the pandemic showed over the last two years, workplaces and work models need to be designed with predictive adaptability in mind. Innovations such as hybrid work and hot-desking enabled by occupancy management software will be central in future-proofing the office spaces of 2022 and beyond.
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.
