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.
Mullen Automotive Inks Lease for Orange County Warehouse
Mullen Automotive will occupy the former site of Kraft Heinz Lunchables in Fullerton, Calif. The company signed a five-year, triple-net lease deal with Link Industrial for a 121,615-square-foot warehouse at 1500 E. Walnut Ave. Negotiations on behalf of the landlord were conducted by a CBRE team consisting of Ben Seybold and Sean Ward. The lease rate was $2.01 per square foot.
$2 Billion Life Sciences Project Secures 1st Tenant
Janssen Supply Group, a subsidiary of Johnson & Johnson, has become the first occupant of a biopharmaceutical manufacturing facility in Holly Springs, N.C. This $2 billion project, developed by…
CommercialEdge Report Highlights Consecutive Waves of Maturing Debt Hitting Major U.S. Markets
A recent analysis by CommercialEdge of nearly 80,000 office properties in the United States, with a combined debt of $920 billion, revealed that 16% of all outstanding loans are expected to mature by 2024, with a second, larger wave of maturities totaling 33% by 2026. The majority of these maturing loans are located in major markets, with Manhattan, Class A properties, and urban areas leading the way.
CBRE Locks Down 2 New Leases at HS Capital’s Cypress Corporate Center in Fort Lauderdale, Fla.
HS Capital Fund secured two leases totaling 16,000 square feet at its newly renovated Fort Lauderdale, Fla., office space at the Cypress Corporate Center. One of them was for 6,166 square feet on the building’s fifth floor, which will be occupied by land-surveying consultancy firm Control Point Associates, while insurance brokerage Morgan Fidelity will move into a 9,906-square-foot office.
TEDCO Set for Move to New Headquarters in Downtown Columbia, Md.
TEDCO will occupy 9,258 square feet of space at 10960 Grantchester Way, leaving behind its current home at 7021 Columbia Gateway Drive. The move, which TEDCO had been building toward for more than a year, marks a downsizing from its previous 11,816-square-foot office as it adapts to a hybrid work model in the aftermath of the pandemic. If not for the early exit, TEDCO’s lease at 7021 Columbia Gateway would have expired in 2026.
Coworking Landscape in Q3 2023: Insights & Trends
Tishman Speyer & Harvard Break Ground on Boston Research Campus
Tishman Speyer and Harvard University have joined forces to celebrate the groundbreaking of the Enterprise Research Campus — a nine-acre, mixed-use life sciences project in Boston. This collaboration…
Brandywine & Drexel Celebrate Topping Out of Philadelphia Life Science Tower
Brandywine Realty Trust and Drexel University have completed the structural framework of 3151 Market — a 14-story, life sciences building located in Philadelphia’s University City district. The building…
MIAX Inks 38,000-Square-Foot Office Lease in Miami’s Wynwood District
Miami International Securities Exchange (MIAX) will be moving into a 38,409-square-foot office at 545wyn in Miami’s Wynwood Arts District. The lease — which will cover a full floor in the newly built, 10-story building — was confirmed by Juan Ruiz, vice chairman of Blanca Commercial Real Estate, who negotiated the deal on behalf of landlord and developer, Sterling Bay. The 270,000 square feet of office space at 545wyn is now 82% leased.
The Spiral: A New Icon on the New York City Skyline
The Spiral — a 2.8-million-square-foot office skyscraper located at 66 Hudson Blvd. in Manhattan — has officially opened. Developed by Tishman Speyer, this 66-story tower stands at a…
