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.
Alo Yoga Lands New Beverly Hills Headquarters in $90 Million Deal
Alo Yoga paid $90 million for the 82,886-square-foot La Peer Building, in Beverly Hills. The acquisition sets a new benchmark for the city, working out to approximately $1,085 per square foot to make it Beverly Hills’ highest price-per-square-foot office transaction this year — and by a significant margin.
First Citizens Bank Expands Bay Area Footprint
The office building at 667 Mission St., offers some of the best situated office space in San Francisco and features one of the very few rooftop gardens in the city’s dowtown.
Understanding Class A, Class B and Class C Office Buildings
Key Takeaways Subjective Standards: Office classes are relative to the local market; a “Class A” building in a suburb may only rank as “Class B” in a major…
Broe Group Kicks Off Phase 2 of Denver Office Project in Cherry Creek
Submarkets like Cherry Creek inspire confidence in developers building up new office projects, while downtown Denver office assets sell at a discount.
5 Steps to Build a Solid Commercial Real Estate Marketing Strategy
Thrive by differentiating yourself and your business from everyone else in your market. Follow these five steps to build a solid commercial real estate marketing strategy that will help you get more prospect leads and close more deals.
Construction Pipelines Remain Sluggish as Office Utilization Patterns Continue to Settle
There’s more to this high vacancy and slow construction pipeline than the effects of hybrid office utilization. Read the highlights and insights on industry trends in our full monthly U.S. office markets report.
What Is LEED Certification for Commercial Properties?
Key Takeaways The Gold Standard: LEED is the most widely recognized rating system for building sustainability, now governed by the LEED v5 framework. Triple Bottom Line: Certification focuses…
Flight to Quality Continues: Zurich North America Set to Move to Willis Tower Office
Zurich North America is relocating its Chicago operations from its downtown location. The insurer signed a 52,000-square-foot lease at the iconic Willis Tower, a move that effectively halves its office space in Chicago.
New Office Tenants Join Roster at Uptown Dallas Property
Rosewood Court encompasses more than 393,000 square feet of rentable Dallas office space that is LEED Gold certified, in addition to 12,000 square feet of retail combining dining, shopping, banking and other personal amenities on site.
FGS Global Inks New Lease at Vornado-Owned Penn 2
FGS Global committed to a 15-year lease for 80,000 square feet at Penn 2, Vornado Realty Trust’s newly redeveloped office tower situated directly above Penn Station. The firm will occupy the entire 16th floor and a portion of the 17th floor. Asking rent for this premium space was $115 per square foot. The building is now about 70% occupied.
