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.
Carr Properties Sells Downtown D.C. Office Building to Shorenstein
Carr Properties sold the building at 901 K St. NW to Shorenstein for $84.3 million, according to documents filed with the D.C. Recorder of Deeds. The company originally developed the 219,000-square-foot property, located near the convention center, in 2009 and subsequently renovated it in 2021. Its current tenants include Baker Donelson; Seward & Kissel; Unite Here Local 25; and Microsoft.
Iconic Downtown Los Angeles Office Tower Fetches $210 Million in Recent Sale
This Uncommon Developers acquisition marked the largest office deal in Los Angeles so far this year, with the $210 million price tag working out to more than $200 per square foot.
Coinbase Inks Lease for 58,000 Square Feet of Office Space in Charlotte, N.C.
Coinbase leased 58,000 square feet of office space in downtown Charlotte with plans to create a “Center of Excellence” office destination in the city, where a great variety of local art, dining, and shopping meet great accessibility and connectivity.
Miami Tower Attracts Surge in Office Leases
Towering over the intersection of Second Street and First Avenue in downtown Miami, the iconic Miami Tower has recently attracted new tenants, as well as inspired existing tenants to renew and even expand their office leases in the building.
Empire Capital Inks $130 Million Deal for 2 Midtown South Office Buildings
Empire Capital, a London-based private investment fund known for acquiring discounted office properties, is reportedly set to purchase two Midtown South buildings — 381 and 373 Park Ave. S. — for $130 million. These pre-war buildings have been owned by the Hemmerdinger family’s ATCO Properties for decades.
Headwall Buys Unanchored Retail Property in San Antonio
Headwall Investments made its 18th shopping center acquisition with the purchase of the Tower at Boerne, a thriving unanchored retail property near San Antonio that is fully leased to a diverse mix of businesses catering to the surrounding communities.
Workbox Plans Its Largest Coworking Space in Chicago
Workbox has set its eyes on the Chicago Loop Civic Opera Building to be the home of what will be the company’s largest U.S. coworking space to date.
Austin’s Talent Development Secures Top Spot Among Southern Innovation Hubs
When an area displays a significant concentration of skilled professionals — particularly in fields like technology, science and engineering — along with the infrastructure to develop and employ top talent, it creates a powerful engine for economic growth and innovation on a much larger scale.
Fanatics Grows Presence in Manhattan Following New Office Deal
Fanatics recently signed a lease for 54,000 square feet at 345 Hudson St., a 17-story property owned through a joint venture involving Norges Bank Investment, Hines and Trinity Church.
Southwest Florida Coast Renaissance Office Center Changes Hands
Brookwood Financial Partners sold The Renaissance Office Center in Fort Myers, Fla., to an ownership group that included Mayhugh Commercial Advisors, future leasing and operations manager of the property.
