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.
Willis Tower Signs First Major Lease Ahead of Renovation
Plans for the 110-story Willis Tower include a reconfiguration of about 460,000 square feet of existing downtown Chicago office space to make room for tenant amenities like lounges, a fitness center, and an event space.
LA County Office Report – Sales Volume Hits 10-Year High in 2016
Executive summary: Year-over-year sales volume climbed to a 10-year high ($9.6B) The average price per square foot reached a 5-year peak Blackstone, Douglas Emmett: most active players on the…
Toyota Torrance Office Complex Hits the Market
The 110-acre Toyota Motor Sales national headquarters in TOrrance, Calif., is now on the market, ahead of the company’s operations consolidation in the North Dallas submarket of Plano.
Thor Equities invests $40M in Second Street Corridor
The brick-and-timber building dates back to 1927, when it served as the Crane Company Warehouse. Today it offers 47,000 square feet of Class A San Francisco office space and retail.
Spotify Fills the Lease Gap at 4WTC Tower
The lower Manhattan office lease signed by Spotify makes 4WTC the first tower of the new development to reach full occupancy.
Asia – Top NYC Office Investor of 2016
Foreign Capital – Foreign Confidence The New York City commercial market remained active and attractive, through a year of new political and economic uncertainty. At the beginning of…
NYC 2016 Office Report – Total Sales Volume Tops $21B
Key takeaways: Total sales volume in NYC topped $21B in 2016 The average price per sq. ft. in Manhattan reached a 5-year peak ($1,347) June proved busiest month…
Top NYC Office Deals of 2016
Key findings: Though office leasing activity took a respite in 2016, sales activity remained strong: 7 assets fetched more than $1B in 2016; Manhattan reigns as the main target…
Baldwin Hills is Up for a Makeover
Crenshaw-LAX Line Ushers in Development Work on the new light rail line project is halfway completed. “Harriet”, the tunnel-boring machine, has dug under Baldwin Hills and is moving…
2017 – The Year of Brooklyn?
Borough Commercial market grows diverse Brooklyn in the race with Manhattan despite sales curb L line Canarsie tunnel closure spurs relocations and expansions Cool Kid Brooklyn Brooklyn has…
