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.
DC Metro Office Sales Up 46% in Q1 2017
Executive Summary 2017 records highest Q1 sales volume in the past 4 years average price per square foot drops 8.8% year-over-year to $300 largest office sales of Q1…
JEMB Lands $250M for ITT Building Upgrades
Natixis announced it has issued a fixed-rate, first mortgage CMBS loan of $250 million to refinance JEMB Realty’s iconic New York City 75 Broad Street office tower. Originally…
Ceruzzi Secures $272M Lipstick Building Ground Lease Refi
HFF announced that it has arranged first mortgage financing for the ground lease position of 885 Third Ave, on behalf of the owner – a joint venture between…
Lincoln Property Buys 100KSF Glendale Office Building
Dallas-based Lincoln Property Co. and Boston-based Long Wharf Capital partnered to acquire the 8-story office building at 520 North Central Ave. in Glendale, CA. Though the sale price…
NYC Q1 Office Report – 2017 Off to Sluggish Start
Executive Summary Q1 office sales volume drops 63% year-over-year to $2.07 billion average price per square foot down 23% from Q1 2016 ($741) largest sale closed in the quarter…
KBS Announces 30KSF Leased at Woodbridge Corporate Plaza
Newport Beach, Calif.-based KBS Realty Advisors announced the signing of leases totaling 29,508 square feet at the north-central New Jersey Woodbridge Corporate Plaza. This announcement covers several smaller…
Creative Business Solutions: Space Matters
CBRE Tapped to Sell Reebok’s Canton HQ
As announced last year, Reebok will be leaving its current world headquarters and changing the Canton commercial real estate scene for the Boston market. A Boston-based CBRE Capital…
BioMed, UC San Diego Unveil Plans for New Cancer Research Facility
Blackstone affiliate BioMed Realty is partnering with the University of California San Diego to develop a state-of-the-art research facility focused on finding treatments and potential cures for cancer and…
Hines, Cousins Sign New Lease at Atlanta’s Avalon
Hines and Cousins Properties announced a new tenant at the Atlanta office development that the companies are building together. Regus’ flexible office space concept, SPACES, has signed a…
