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.
$138 Million Refinancing & Recapitalization Locked in for 370 Lexington Ave.
A $138 million refinancing and recapitalization has been finalized for 370 Lexington Ave., a recently modernized, 317,000-square-foot Manhattan, N.Y., office space within the city’s Grand Central submarket. The transaction was announced by the New York City-based real estate investment and development firm Broad Street Development (BSD) and real estate investment, development and operating firm KSR Capital.
Google Stays Put, Renews Lease at 315 Hudson St.
Google is maintaining its massive presence in Hudson Square, finalizing a renewal for its 410,556-square-foot headquarters at 315 Hudson St. This commitment underscores the technology giant’s ongoing Manhattan office space investments, even as it adjusts its broader real estate footprint.
Central Business Districts Feel the Brunt of Rising Office Distress
As flight-to-quality consolidates market demand into a limited pool of properties, buildings in central city cores are struggling to retain value. To capture remaining growth, property owners will need to prioritize asset flexibility to counter uncertainties from inflation and AI adoption, which will continue to drive both the ongoing flight-to-quality and the expansion of coworking spaces.
Brennan Investment Group Expands Chicago Industrial Real Estate Portfolio With Sale-Leaseback Acquisition
The company increased its portfolio to nearly 11 million square feet of industrial real estate in Chicago, with the sale-leaseback acquisition of a Class A building in the submarket of Bolingbrook, Ill.
Best Coworking Spaces in Seattle
Seattle is one of the leading coworking markets on the West Coast, with over 40 active spaces stretching from the saltwater of Elliott Bay to the freshwater shipping…
Brooklyn Defender Services Inks Lease at Tishman’s The Wheeler
The Wheeler, Tishman Speyer’s office redevelopment in downtown Brooklyn, N.Y., has officially reached full occupancy following a massive new lease. Brooklyn Defender Services (BDS), a nonprofit organization that provides free legal representation, has finalized a 31-year agreement to occupy 212,000 square feet at 422 Fulton St. The organization’s new headquarters will span six full floors of the 10-story building.
10 Brilliant Coworking Spaces in Brooklyn, NY
A selection of Brooklyn coworking spaces that offer top-notch amenities and strong and unique community character.
Cleveland Announces Largest Industrial Redevelopment to Date
The Midline stretches from Euclid Avenue to the Opportunity Corridor between downtown and University Circle, aiming to create new parks and a two-mile trail that will better connect the surrounding communities to jobs, green space, and each other.
WareSpace Portfolio Reaches 25 U.S. Locations With LA Industrial Acquisition
The greater Los Angeles industrial property is located in the highly supply-constrained Mid-Counties submarket and strategically positioned to offer direct access to Los Angeles, Orange County, and the San Gabriel Valley.
Office Building Security: A Guide for Owners & Property Managers
The old model of office building security (a guard in the lobby, keys for tenants, and CCTV nobody watches until something goes wrong) is on its way out….
