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.
Onyx Forms New Partnership to Kick Off Redevelopment of Former New Jersey Merck HQ Campus
With Merck vacating all but one building on its former HQ campus, Onyx & partners announce work will begin at the life sciences NEST Centre in Kenilworth, N.J., with the pilot R&D facility branded 11 NEST.
Expert Insights: Elise Cuneo Talks Office Interior Design in 2024
For the latest interview in our Expert Insights Series, we had the pleasure of speaking with Elise Cuneo, an interior design leader and strategist for Unispace, a…
H&M Takes Last Anchor Space at Brickell City Centre
Global fashion leader H&M will occupy two levels of Miami retail space on the North Block of The Shops at Brickell City Centre (BCC), filling the last remaining retail anchor space at the property and kicking off a new series of leases in 2024.
China Merchants Bank Extends Manhattan Office Lease at 535 Madison
Since originally joining the tenant roster at the Manhattan office property in 2008, the China Merchants Bank New York Branch has expanded its footprint to become the building’s largest office tenant.
Empire State Realty Trust Signs Full-Floor Tenant at 250 W. 57th St.
The Empire State Realty Trust signed a lease for 12,000 square feet of office space in its 250 W. 57th St. office property with a commercial real estate platform.
Trinity Capital & Foundation Capital Ventures Launch Life Sciences Platform
Trinity Capital Advisors — based in Charlotte and Raleigh, N.C. — and Foundation Capital Ventures, based in Encinitas, Calif., have joined forces to launch “Foundation,” a new platform…
Seaboard Stays Put at Prologis-Owned Industrial Base in South Florida
Seaboard Marine — a global, ocean-carrier shipping services provider — has renewed its lease for its industrial base in Medley, Fla., just outside of Miami. The two deals that are part of the agreement include the 208,400-square-foot 8001 NW 79th Ave. and the 88,584-square-foot 7800-7890 NW 80th St., which the company has been occupying since the 1990s.
Zuckerman Spaeder Sets Up New Headquarters at Award-Winning DC Office
Law firm Zuckerman Spaeder has announced it will be leasing 41,000 square feet at 2100 L St. NW — a new trophy office space in Washington, D.C.’s central business district. The company is scheduled to relocate its 90-strong team of attorneys and professional staff in the opening months of 2025 upon the building’s completion.
Office Pipeline 2024: Boston Leads by Construction Volume, Strong Seattle Presence Among Top 20 Projects Under Construction
In the opening months of 2024, reports show roughly 97 million square feet of office space in various stages of development nationally, a 28% drop compared to last year’s total. Boston stands out both in terms construction volume (measured in total square feet), as well as the share of new office developments within its stock.
Manhattan is taking a step back in 2024, with a much more modest 3 million square feet currently in its pipeline, while San Francisco, Seattle, San Diego are witnessing upticks in their development volumes year-over-year.
Greater New York Mutual Insurance Company Signs Full-Floor Lease at Empire State Building
The Greater New York Mutual Insurance Company recently joined the tenant roster of the prestigious Empire State Building with a full-floor lease totaling 52,000 square feet of trophy Manhattan office space.
