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.
Willkie Farr & Gallagher Stays Put at Midtown Manhattan Office
Law firm Willkie Farr & Gallagher has extended its lease at its 315,000-square-foot headquarters within CommonWealth Partners’ 787 Seventh Ave. for another two decades. The firm will look to renovate the 51-story Theater District office building to meet future needs, although financing details for the planned upgrades were not shared.
ATCO Locks Down 2 Lease Renewals at Midtown Office
ATCO Properties & Management has sealed two renewals at 555 Fifth Ave. as existing tenants Telsey Advisory Group (TAG) and Maritime Capital LLC committed to the 257,000-square-foot property in the heart of Midtown. Both firms have been part of the building’s tenant roster since 2017, according to the landlord.
Mohr & Standard REI Plan Spec Industrial Project in Reno
The Mohr Capital and Standard REI joint venture is banking on the emergence of the Reno industrial market as an increasingly attractive distribution hub for the region.
Boxer Streamlines Leasing Process & Increases Lead Generation With CommercialEdge ILS Network
Since adopting the CommercialEdge Listing Network with premium listings, Boxer has seen a significant increase in leads and conversions. For example, closed lease rates jumped from 9% to 16%, demonstrating the effectiveness of the platform. Additionally, the company benefits from accurate and automated data transfer; simplified multi-platform property presentation; and improved search visibility.
Expansive Launches New Chicago Coworking Location at The Opus
Formerly known as Novel Coworking, Expansive Workspaces now boasts a network of more than 40 shared office locations in 32 U.S. cities. Chicago coworking space locations now also include 3838 N. Ravenswood Ave.
Hot Spots for Self Storage Development Potential: New England Leads the Boom
The self storage industry has been booming over the past decade, adding 25% of the total inventory nationwide. Despite a brief slowdown during the pandemic, 2023 saw the addition of 53 million square feet of new space, with 2024 projected to contribute another 54 million rentable square feet. This surge in construction activity is driven by robust and growing demand within the sector.
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.
