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.
Best Spots to Work Remotely in Baltimore
Baltimore, known for its rich history and vibrant culture, is also becoming a hub for remote work. As the city continues to evolve, it offers an array of…
Carlo Bellini-Owned Financial District Office Changes Hands in $297 Million Transaction
Carlo Bellini’s 99c has expanded its footprint across New York City with the acquisition of a 1.2-million-square-foot office tower in Manhattan’s Financial District. The company forked over $297 million to buy 180 Maiden Lane from a joint venture between Clarion Partners and MHP Real Estate.
Sterling Bay Signs Leases with U.S. Travel Association & CEPI in Renovated D.C. Office
A joint venture comprised of Chicago-based Sterling Bay — along with MRP Realty and Declaration Partners — inked two new leases with the U.S. Travel Association and the Coalition for Epidemic Preparedness Innovations (CEPI) for a total of 25,745 square feet at its Washington, D.C. offices at 1899 Pennsylvania Ave.
Third Time’s The Charm? Ikea Makes Third Try for New York Location
Ingka Group’s investment arm joined Extell Development’s tower at 570 Fifth Avenue, one of the best Manhattan retail space locations, where the company intends to open an 80 K SF ground floor IKEA client meeting point.
Seagis Inks Full-Building Lease at Northern New Jersey Warehouse
Seagis has found a tenant for its Northern New Jersey industrial space building in East Rutherford. The tenant signed a full-building lease for the recently renovated property and joins the revitalized Meadowlands industrial submarket.
Denver Welcomes New Class A+ RiNo Office Building
New Denver office space is open for business in the RiNo district, at the Paradigm River North project developed by a joint venture between and Jordon Perlmutter & Co. and Rockefeller Group.
Harbor Associates Secures Refinancing of Formerly Distressed Westwood Office
Harbor Associates and F&F Capital Group secured a $36.3 million refinancing loan from Argentic Real Estate Finance. The five-year loan with a fixed interest rate of 7.5% will be used to pay off existing debt on the 158,000-square-foot property located 1640 Sepulveda Blvd.
RFR Fetches $560 Million for Upper East Side Property
Aby Rosen’s RFR Holding recently sold 980 Madison Ave. — a mixed-use building on the Upper East Side known for its art galleries — for more than half a billion dollars. The buyer is Michael Bloomberg’s Bloomberg Philanthropies, which intends to convert the property into a family office.
WaterFurnace International to Double Fort Wayne Headquarters Office Footprint
The renewable energy technology and manufacturing company will reportedly ensure energy for the sizeable headquarters expansion through the existing pond loop heat pumps on site.
Best Spots to Work Remotely in Las Vegas
Known for its vibrant nightlife and entertainment, Las Vegas is also home to an emerging scene for remote work. And, as the city diversifies beyond its gaming roots,…
