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.
What Are the Average Office Construction Costs in the U.S.?
Though this does not dictate a particular outcome of such arrangements, there are observable trends in tenant improvement allowances depending on vacancy in the market.
Ariel Property Advisors Brokers $10.5 Million Brooklyn Office Deal
Commercial real estate services company Ariel Property Advisors recently announced it brokered the sale of 100 Livingston Street for $10.5 million. The 12,681-square-foot office building is located in…
Historic SoHo Broadway Building Undergoes Full Facelift
Real estate investment firm KPG Funds has undertaken the complete rehabilitation and repositioning of 446 Broadway in SoHo. The firm also unveiled a new technique for protecting pedestrians…
Dallas Galleria Office Towers Sell for $400 Million
Piedmont Office Realty Trust has completed the acquisition of Dallas’ distinctive Galleria office towers. The three buildings commanded $396 million, marking the largest Dallas-Fort Worth office sale of…
Hines Nabs Twin Santa Clara Offices in $195 Million Deal
Global investor and developer Hines Interests partnered with Los Angeles-based Oaktree Capital Management to acquire a two-building office portfolio in Santa Clara―totaling 445,157 square feet of space. Shorenstein…
Top 100 Most Expensive U.S. Office Submarkets in 2019
Main Takeaways Mountain View – Shoreline was the nation’s most expensive submarket in 2019, with an average sale price of $1,554 per square foot of office space. The…
Manhattan Office Sales Dip 12% Y-o-Y in Q4 2019
Sales activity in the Manhattan office market decreased 12% year-over-year, with total sales volume dropping to just under $2.8 billion. After gaining significant traction in Q3, Manhattan office…
Whittle School Signs Lease for Tishman’s Recently Completed 620K SF Brooklyn Office Space
The Whittle School―a private school founded by former Esquire magazine Chairman Chris Whittle―has signed a 20-year lease for 620,000 square feet of office space at the Wheeler complex…
NYC Developer to Buy Iconic Transamerica Pyramid in San Francisco
San Francisco’s Transamerica Pyramid Center is set to be sold for the first time since it’s completion. Michael Shvo, a New York developer, is leading a group that…
Decade in Review: Office Building Sales Total $873 Billion Since 2010
A decade is a long time, and so much has occurred in our country and around the world in the last 10 years. In particular, rising real estate…
