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.
From Rust to Renaissance: The Industrial Heartland’s Long Road to Recovery Continues
For decades, the narrative surrounding America’s Rust Belt was one of decline — factories lying dormant, population decline, urban blight and struggling communities. However, a quiet but determined…
Blue Owl Capital Grows Presence at Seagram Building
Blue Owl Capital has significantly expanded its footprint at RFR Holding’s iconic Seagram Building. The firm renewed its existing lease for 168,597 square feet on floors two through six and added an additional 70,076 square feet on floors 16 through 19.
Ares Industrial Management Buys New 4-Building Warehousing Complex in Miami for $147 Million
A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.
Workbox Moves Chicago HQ to Fulton Market
Workbox moves its headquarters to Fulton Market, a vibrant hub for small early- and growth-stage businesses, which also makes up the majority of the firm’s clients.
Pegasus Park Opens 135K SF of New Lab Space in Dallas
Totaling more than 130,000 square feet of Dallas commercial real estate, the new laboratory space opened at the Pegasus Park life sciences campus boosts the burgeoning biotech hub growing in the region.
Clarion Partners Secures Refinancing for Boston-Area Life Sciences Property
Clarion Partners has secured a $94 million loan to refinance Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston.Â
CVC Secures Its First Industrial Lease in Northern Virginia
CVC Distribution’s new lease highlights the continued growth and demand for industrial space in the region. The company’s expansion into Northern Virginia underscores the area’s attractiveness as a strategic location for businesses seeking access to the thriving D.C., Maryland and Virginia markets.
Georgia Pacific Proposes Massive Office-to-Mixed Use Conversion in Downtown Atlanta
The Georgia-Pacific office headquarters building will be the subject of one of the largest adaptive-reuse projects in the country, which will transform the office tower into a mixed-use commercial space and residential units property.
Expansive Opens 7th Coworking Space in Chicago
The new Chicago flexible office space hub offered by Expansive at Two Pru in the city’s lakefront east business district will open officially in October and provide everything from private office suites to coworking desks and one-day office memberships.
Vita Coco Relocates Headquarters to Flatiron District Office
Vita Coco has signed a 22,530-square-foot, decade-long lease for its new headquarters at 111 Fifth Ave. in Manhattan’s Flatiron District. The new location is just a short walk from the company’s current headquarters at 250 Park Ave. S. Both office buildings are situated near Union Square, which has recently attracted the attention of several large tenants.
