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.
Skanska, Pickard Chilton Complete Office Tower in Bellevue, Wash.
The newly completed Eight is Pickard Chilton’s second successful project with Skanska, adding more than 500,000 square feet of premium Bellevue, WA office space to the growing market.
Commercial Property Classifications by Use Types & Building Classes
An essential part of the commercial real estate sector, office buildings are divided into multiple categories based on their primary use type of office space or in different classes by features like age, location and amenities. As each category offers different market positions and profitability, understanding the specifics of all types of office buildings is key for CRE professionals to make informed, strategic decisions.
Downtown Fort Worth City Block for Sale
Citadel Partners offers one city block of downtown Fort Worth vacant land for sale, in close proximity to the Texas A&M Law and Research Campus and the new Fort Worth Convention Center expansion.
Industrial Supply Returns to Pre-2020 Levels
With vacancies reaching a decade high of 9%, industrial real estate is pivoting toward manufacturing and data centers, although these asset types may also face headwinds due to new legislation.
KDC Announces Next Development Phase at Denver Mixed-Use Project
Up to 3 million square feet of build-to-suit tech and office space in Denver at the new development phase of Peña Station, located United Airlines’ 113-acre future flight training center.
CBRE to Head Paramount Building Office Space Leasing in Manhattan
First completed in the late 1920s as the East Coast headquarters of Paramount Pictures and once the tallest building in Manhattan, The Paramount offers a diverse mix of office leasing opportunities, with marketing efforts led by CBRE.
5 Best Practices for a Successful Negotiation Strategy
Being a skilled negotiator starts with taking a macro view of the deal and gaining a clear understanding of each party’s needs and wants. Thinking outside of the box can set the stage for dynamic and productive discussions that can lead to mutually beneficial transactions and a solid foundation for a long-term agreement.
Sluggish Job Growth & Loan Maturities Compound Office Sector Struggles
Office vacancy rates remain high as the national supply pipeline hits a new low and the office sector braces for $290 billion in loans hitting maturity.
Amazon Expands Presence at Miami’s Wynwood Development
Amazon is expanding its office presence at Wynwood Plaza in Miami, securing an additional 25,000 square feet. This expansion boosts the tech giant’s total office footprint within the nearly completed, 12-story, mixed-use complex to 75,000 square feet. When fully finished, the development will feature 266,000 square feet of office space, 509 apartments and 25,000 square feet of retail space
Saudi Fund Partners With Related for Proposed Manhattan Office Tower
Saudi Arabia’s government fund is partnering with Related Companies to acquire a two-thirds stake in a site at 625 Madison Ave. in Manhattan, where a new skyscraper is planned. The total cost for the site and its development is projected to exceed $1 billion, according to sources familiar with the deal. The fund has already invested $200 million into the project, although its final contribution is still being determined.
