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.
Iconic Philly High-Rise Switches Owners
The PNC Bank Building, one of the landmarks of the Philadelphia central business district, has changed its owner. The iconic high-rise was sold by Equity Commonwealth to…
Uber Takes First Step Towards Opening Second Manhattan Office
Uber Technologies Inc. has signed a long-term lease agreement with Empire State Realty Trust (ESRT), for an entire floor at 1400 Broadway in New York City. The…
Facebook Expands Midtown Manhattan Presence
As Valentine’s Day was drawing near, Facebook was busy solidifying its ties to 770 Broadway in New York City. The social networking giant has signed a new…
Nasdaq Moves Global HQ to Times Square’s Epicenter
Nasdaq Inc. has decided to relocate its global headquarters. The financial services giant will move, starting spring 2019, from downtown Manhattan to its Nasdaq MarketSite location at 4…
Northstar Snags Iconic Denver Office Gem for $17M
Northstar Commercial Partners, a Colorado-based commercial real estate company, recently purchased the iconic ‘Offices at the Art’ building in the state’s capital city, Denver. The transaction of…
DLA Piper Renews Its Vows with KPMG Center in Downtown LA
Global law firm DLA Piper is strengthening its presence in downtown Los Angeles, by expanding its offices in the well-reputed KPMG Center. After 12 years of tenancy, the…
US Office Rents Significantly Cheaper Compared to Rest of the World
Everyone’s always complaining about the high cost of commercial real estate in the U.S. Office space in New York or San Francisco is regarded as top-tier and…
The 6 Best Markets for Office Investment in 2018
A recent CommercialCafe study looking at the 2018 office construction pipeline showed that close to 75 million square feet of space are on track for delivery next…
Texas Office Sales Mark Weakest Q4 Since 2014
Executive Summary Q4 sales volume sinks 29% below 2016 numbers the average price per sq.ft. marks weak Q4, yet strong 2017 Brookfield seals largest deal of the year…
California Q4 2017 Sales Report—Office Investment Still on Cooldown
Executive Summary Los Angeles average price per square foot climbed to $469; Bay Area office investment reached highest dollar volume in 5 years; San Diego sales activity cooled…
