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.
Wells Fargo’s North Dallas Office Complex Reaches New Heights
Aiming to achieve LEED Platinum certification, the northwest Dallas office complex in Las Colinas represents Wells Fargo’s first net-positive energy office campus.
Fast-Food Chain Moves into New Headquarters at Former Office Depot Campus in Boca Raton
I Heart Mac & Cheese — a growing fast-food chain with more than 40 locations across the U.S. — has signed a lease for a new headquarters within Boca Raton, Fla.
The move away from the chain’s previous digs at 621 NW 53rd St. marks an expansion of its footprint in the city. The company is set to occupy a 7,118-square-foot office space at 6600 N. Military Trail, which is part of the Office Depot corporate campus. I Heart Mac & Cheese will relocate about 30 of its employees to the third floor of the building.
Kellen Shifts Operations from Atlanta to D.C. Office
Kellen — an association management company that employs about 250 people globally — has relocated its headquarters from Atlanta to Washington, D.C. The company signed a new lease that expands its footprint at the National Press Building to 32,000 square feet, effectively doubling its D.C. presence.
The Siegel Group Acquires Historic Downtown Las Vegas Retail Property
Since it began investing in this market in the early 2000s, The Siegel Group owns and operates several commercial properties ranging from Las Vegas retail space to hotels, dining, and apartment communities.
Mercedes-Benz Lends Name to JDS’s One Southside Park in Miami
Totaling more than 2.5 M SF, including 200 K SF of Miami office space, Mercedes-Benz Places in Brickell is one of the largest projects currently under construction in Florida.
Madison Realty Snags Distressed Queens Office Space in $80 Million Deal
Madison Realty Capital’s Urian Yap acquired the property at 41-60 Main St. on February 7 for $80 million. The Queens property, which houses tenants like Capital One Bank, was among several under mezzanine loans.
AT&T Consolidates Northern Virginia Operations at New Chantilly Office Space
AT&T has signed a long-term lease for a five-story office building in Chantilly, Va. The 111,000-square-foot space at 4807 Stonecroft Blvd. will consolidate several of AT&T’s facilities in northern Virginia. The company’s expected move-in date is set for 2025.
WeWork Renegotiates Lease at Downtown D.C. Location
WeWork has been renegotiating more than 60 leases across various cities, including Washington, D.C. Discussions include a 14-story office space in the capital’s downtown, owned by Carr Properties, known as Midtown Center.
North Signal & Fox Capital Ink Full-Building Lease at Imeson Commerce Center
With this new industrial lease, the leading North American provider of intermodal trucking has grown its footprint to three facilities and more than 800K SF of warehouse and transload space in Jacksonville, FL.
Portfolio Deals Take the Podium for the Most Expensive Office Sales of 2023
2023 has been a challenging year for the U.S. office market. Despite the return-to-office trend picking up steam, many investors and developers are pivoting towards more creative ways to occupy and monetize new or existing workspaces.
To gauge the impact of these shifts on the overall U.S. office landscape and to highlight the most active markets in terms of top sales values, we compiled a list of 50 of the largest office space transactions in 2023.
