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.
Park Avenue Manhattan Office Tower Fetches $360 Million
The high rise at Two Park Avenue sold in one of the largest transactions of office space in Manhattan in 2024. Claiming a price tag of roughly $360 per square foot, the property is now owned by Haddad Brands.
No-Fault Group Expands HQ at New Coral Gables Location
The company signed a 21,806-square-foot lease at 2990 Ponce that will enable it to relocate from its current offices in Doral, Fla. The move also marks a significant expansion of its footprint as the firm will nearly double the size of its headquarters.
Douglas Sells 3 DC Properties for a Combined $96 Million
The transaction involved the former Pappas Tomato Factory building at 1401 Okie St. NE, the historic Equitable Co-Operative Building Association property at 915 F St. NW and a 16-acre parcel near the National Arboretum.Â
PrimeSource Signs Last-Mile Logistics Lease in Hudson Valley, NY
The Maybrook Logistics Center offers excellent connectivity across the region and links PrimeSource with some of the strongest markets east of the Mississippi.
Construction Complete on Office-to-Residential Conversion in Downtown Dallas
Dallas ranked among the top 20 U.S. cities for office conversion, and the Santander Tower adaptive reuse project to turn 14 office floors into residential space is just the latest in a string of successful mixed-use deliveries.
Lululemon Doubles Retail Space at Savannah Flagship
Athleisure sensation Lululemon recently opened an enhanced retail space in downtown Savannah, GA, which marks an expansion of almost double its former flagship space in the city.
Workbox Gears Up for 1st Pennsylvania Location
Workbox brings a variety of flexible office solutions to meet the needs of local entrepreneurs and businesses and builds unique networking and community support opportunities.
Joint Venture Locks Down $600 Million Construction Loan for Virginia Data Center
Blue Owl Real Estate, in partnership with Chirisa and PowerHouse Data Centers, has secured a $600 million construction loan to develop a 50-megawatt data center in Chester, Va. The project, located within the Chirisa Technology Park, is strategically positioned approximately 20 miles south of Richmond.
Best of Both Worlds: Florida’s Top Cities Accommodating Both Remote & In-Office Work
Morgan Stanley Offloads Midtown Office Tower for $360 Million
Morgan Stanley has offloaded its 28-story office building at 2 Park Ave. to Haddad Brands for approximately $360 million. This deal marks one of the largest office investment sales in New York City this year.
