Commercial Real Estate News
Your go-to source for news in the commercial real estate industry, covering all property types and asset classes across the most sought-after markets in the U.S. Stay up to date with news about notable lease deals and the newest sale transactions, recent ground-up construction, as well as redevelopment projects, and more.
Faviana Reveals Plans for New Long Island City Warehouse
A new, seven-story, mixed-use commercial and manufacturing building is being planned for Long Island City, Queens. According to a recent filing with the New York City Department of City Planning, Faviana CEO, Omid Moradi, has submitted a rezoning application to develop the property at 31-10 and 31-16 Hunters Point Ave. The plan, submitted through the entity 31-10 Hunters Point, is to construct a new warehouse on the site that Faviana acquired for approximately $4.3 million in 2015.
Victoria’s Secret Opens New Flagship Store in Thriving Miami Lincoln Road Retail Corridor
Victoria’s Secret anchoring of the location represents a significant milestone for Miami’s vibrant shopping district, which continues to solidify its reputation as a world-class destination for fashion, lifestyle, and long-term real estate value.
Harbor Capital Buys Arlington, Texas, Industrial Property in Tight Submarket
Harbor plans to implement a focused capital improvement strategy, make property upgrades to support tenant renewals, and position the asset to capture market rent growth.
Industrial Sales Remain Level Despite Headwinds
Year-to-date industrial transactions now total $33.8 billion, which is on par with sales in the same period of 2024 and 2023, showcasing the sector’s durability even in the face of trade and policy headwinds.
RXR Seals $1.1 Billion Acquisition of Plaza District Office Tower
RXR has purchased the 42-story, Class A skyscraper at 590 Madison Ave. for approximately $1.1 billion. This marks the largest Manhattan office space acquisition in more than three years.
The sale price is the highest seen in the New York City office market since Google’s parent company, Alphabet, acquired 550 Washington St. for almost $2 billion in 2022.
Flexible Finance Seals Lease Deal at 300 Park Ave.
Flexible Finance, a fintech firm that offers residential landlords the ability to draw rent in installments, signed a 41,000-square-foot lease for the top three floors of Rockrose Development’s 300 Park Ave. S. The move from its previous location at 33 Irving Place represents a significant expansion for the company.
Peaking Loan Maturities Push Office Sale Prices Down
What is the office real estate outlook for the largest office markets in the U.S. in August? Read the highlights and deep dives in our full monthly U.S. office markets report.
Santa Clara, Berkeley & Tempe Lead Among Western Innovation Hubs
When a region concentrates skilled professionals in fields like technology, science, and engineering—and pairs that with strong training and employment infrastructure—it builds a powerful engine for broader innovation and economic growth.
The Link at Uptown Dallas Office Tower Has New Owner
Office space at The Link at Uptown begins above the luxurious tenant amenities floor and includes more than 290,000 square feet of Dallas office space that is graded class AA.
Lanterman Regional Center Inks 10-Year Lease for Glendale, Calif., Office
Frank D. Lanterman Regional Center secured a 10-year lease for 50,836 square feet at the Onni Group’s 611 N. Brand in Glendale, Calif. The $18.8 million lease encompasses two full floors within the 396,000-square-foot office tower and is one of the largest Glendale, Calif., office deals this year.
