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.
California Q1 2018 Office Sales: Smaller Markets Pick Up the Slack for LA, San Francisco
Executive Summary Q1 Overview: Sacramento posts highest growth in dollar volume, average prices Los Angeles on cooldown after hot Q4 2017 Bay Area office sales drop below $1B after…
Downtown Baltimore Office Tower Gets New Owner
Wells Fargo Tower, an iconic commercial high-rise in the central business district of Baltimore, Md., has found a new owner in Hertz Investment Group. To finance the…
Manhattan Office Sales Volume Holds Steady in Q1, Even With No Foreign Buyers
Executive Summary Office sales volume closes Q1 2018 at $4.5B Average prices reach 4-year high of $1,266 per square foot Google buys Chelsea Market in record-setting $2.4B deal…
Pfizer To Relocate Global HQ to New Hudson Yards Office Gem
After almost 60 years of residing at 235 East 42nd St., Pfizer is ready to move on. The leading pharmaceutical company is going to leave its global…
Hines Tops Out Tallest Multi-Tenant Office Building in Chandler
Hines, a privately-held real estate firm, has placed the last concrete beam atop The Offices at Chandler Viridian. Upon completion, scheduled for November 2018—per Yardi Matrix data—the…
Iconic Miami Tower Lands Two New Tenants
The iconic 47-story Miami Tower in downtown Miami, Fla., has recently added two new tenants to its roster. BDO USA, a branch of global accounting network BDO…
Nestle’s Nespresso Opens Office in Manhattan
Nespresso, a Nestle brand, is going to open a new office in Manhattan—more precisely, in the Chelsea neighborhood. The luxury coffee and espresso machines provider has signed…
Former WeWork Executive Opens Coworking Hub in Santa Monica
Frank Bistrian, a former WeWork executive who launched his own coworking company named work well win, plans to open an entrepreneurial hub in Santa Monica, Calif. The…
Cerus Consolidates Office Roots in California
Biomedical product manufacturer Cerus Corp. is consolidating its presence in Concord, Calif., its home city, by entering a long-term lease agreement with Sierra Pacific Properties, the manager…
Kemper Relocates Corporate HQ to Iconic Chicago Skyscraper
Out with the old, in with the new—Kemper Corp. is going to leave its current headquarters at 1 East Wacker Drive and relocate to 200 East Randolph…
