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.
Provident Begins Construction of Phase 4 at El Paso Industrial Park
Gateway Logistics Park is well positioned for tenant operating in cross-border logistics and distribution and phase four will deliver nearly 500,000 square feet of new class A industrial space to the El Paso, Texas, market.
HuFriedyGroup Inks Lease at Logistics Center in Glenview
Dental instrument manufacturer leases full building at Dermody’s Glenview industrial logistics facility north of Chicago. One of the several campus buildings still in development has also been pre-leased.
Office Pipeline 2025: Construction Slowdown Expected to Stabilize Vacancy Rates
Following a 44% year-over-year drop and standing at an estimated 55 million square feet, the total volume of U.S. office space under construction this year is the lowest it’s been in a decade. Even so, a look at construction activity across U.S. markets reveals Boston’s continued dominance (8.7 million square feet), despite the shrinking pipeline.
Merritt Completes Leasing at Jacksonville Industrial Park
After reaching full occupancy of both phase one and phase two of the Imeson industrial park in Jacksonville, Meritt is looking at kicking off phase three of development in the near future.
M2G Ventures Buys Industrial Park in North Dallas Submarket
The property incorporates more than 180,000 square feet of north Dallas industrial space and was reportedly nearly 100% leased at the time of sale.
Best of Both Worlds: Massachusetts’ Top Cities Accommodating Both Remote & In-Office Work
If you’ve debated trading Boston’s Seaport for Newton’s leafy suburbs or weighed Springfield’s short commutes against Worcester’s parking perks, you’re not alone: Hybrid work has reshaped Massachusetts, altering…
Amazon Partners With WeWork to Expand Footprint at Five Manhattan West
Amazon and WeWork are partnering again, this time at Five Manhattan West in Hudson Yards. The coworking firm has executed a 112,265-square-foot sublease at the Brookfield Properties-owned office building for the e-commerce giant to secure space that was previously held by the Interpublic Group of Companies.
Fisher Brothers Secures New, 10-Year Loan for 299 Park Ave.
Fisher Brothers has secured a $500 million refinancing loan for its recently completed renovation of 299 Park Ave., its Midtown office property and headquarters. Citi Group and J.P. Morgan are providing this new, 10-year mortgage, which exceeds the building’s previous loan by more than $100 million.
Q4 2024 Industrial Ranking Report: Phoenix Holds Onto #1 Spot as Nationwide Construction Slows
We ranked the nation’s major industrial markets in Q4 2024 based on several indicators such as rent growth, vacancies, online searches and more. See the full list here.
Rockpoint Buys Central Massachusetts Distribution Center in Record Deal
Rockpoint’s aquisition of the 70-acre Greater Boston warehouse and distribution property marked the largest real estate sale in Central Massachusetts since the Staples headquarters changed hands in 2020.
