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.
RFR Reveals Plans for Revamp of Office Property in Stamford, Conn.
RFR plans to revamp its office property in Stamford, Conn., at 300 Atlantic St. through implementing a repositioning program that aims to attract premier tenants in the market.
Breakthrough Properties Secures CMBS Loan for Torrey Heights Development
Breakthrough Properties — a joint venture specializing in life sciences assets that was established in 2019 by Tishman Speyer and Bellco Capital — has successfully finalized a $465 million refinancing package for its premier Torrey Heights development.
Vacancy Rates Begin to Slip & Construction Starts Level Off as Coworking Maintains Competitive Edge
The coworking sector grows from opportunities in the restrained construction pipeline plus more highlights and insights on industry trends in our full monthly U.S. office markets report.
Stiles & Shorenstein Nail Down $185 Million Refi for Fort Lauderdale Office Tower
A joint venture between Stiles and Shorenstein Investment Advisors has successfully obtained $185 million in financing for The Main — a 25-story, premier office space in Fort Lauderdale, Fla. Provided by the Japanese financial services firm Nomura, the senior floating-rate loan was brokered by a JLL capital markets team consisting of Paul Stasaitis, Geoff Goldstein and Blake Koletic.
DivcoWest Buys San Francisco Office Property in Redwood City
DivcoWest bought the 60,000-square-foot suburban San Francisco office property in Redwood City in an off-market transaction while signing the anchor tenant at the same time.
REALM JV Buys Portland, Ore., Office Property in Pearl District
The 300 Building offers some of the best placed office space in Portland’s Pearl District, a former industrial rail yard that was redeveloped into high-density residential property and a vibrant retail and entertainment scene.
Scholastic & ESRT Close Sale-Leaseback of SoHo Headquarters Office
The Scholastic headquarters office in Manhattan encompasses an iconic pair of Broadway buildings that speak volumes to the history of the vibrant and dynamic journey of New York City through time.
ING Group Renews & Expands Lease at Durst-Owned Office Tower
ING Group — the Amsterdam-based global banking and financial services firm — not only renewed its existing, 132,400-square-foot office, but also tacked on an additional 21,515 square feet. This move brings the company’s total footprint at the Manhattan office tower to 153,915 square feet, encompassing the seventh through 11th floors.
Apple Grows Midtown Footprint in 95,000-Square-Foot Lease Deal
Apple is significantly expanding its presence in the Penn District, signaling a major commitment to Midtown. The tech giant is adding 95,000 square feet across two additional floors of Vornado Realty Trust’s Penn 11, bringing its total occupancy within this premium Manhattan office space to 550,000 square feet.
Slalom Renews Anchor Lease at Pioneer Square Tower
Slalom renews and extends its anchor tenant lease through 2034 about a year after moving its Seattle headquarters office to the Hawk Tower in Pioneer Square.
