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.
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.
Terreno Begins Redevelopment of Los Angeles-Area Industrial Property
San Francisco-based industrial operator Terreno Realty has kicked off the redevelopment of a Los Angeles-area industrial property located in Gardena, Calif. The redevelopment will turn the property into a three-building asset totaling 228,000 square feet of industrial space in the historically undersupplied market.
Excelitas Technologies Inks HQ Office Lease in Pittsburgh Strip District
The future headquarters location is part of the 3 Crossing project that is still being developed in the East Pittsburgh Strip District neighborhood, part of the now famed Robotics Row.
Expert Insights: Andrew Werner Talks Repurposing Older Buildings into Office Spaces
The latest installment in our Expert Insights series has us tackling the process of converting older buildings into modern office space. So, who better to ask than an…
DataVerge Adds 20 Years to Brooklyn Lease at Industry City
The preferred connectivity partner for the one-of-a-kind Brooklyn campus signed a lease spanning two decades to provide infrastructure, connectivity, colocation, cloud services, and more to the companies at Industry City.
David Yurman Signs New Deal to Expand Tribeca Headquarters
David Yurman first moved into the Hudson Square building in 2002, when it inked a lease for 65,000 square feet across 2.5 floors. A few years later, the company expanded its headquarters by another 53,500 square feet. Finally, following this most recent deal, the company tacked on an extra 32,200 square feet.
Wells Fargo Consolidates Las Vegas Advisors Branches at UnCommons
Gathering operations on the fourth floor of UnCommons Office Building Four will represent the largest office footprint that Wells Fargo Advisors has in the Las Vegas valley.
South San Francisco Life Sciences Campus Gets Expansion Approval
Healthpeak Properties gets green light for Vantage Phase I and Vantage Phase II at massive South San Francisco life sciences campus.
How Much Office Space Could You Rent for $10K/Month in the U.S.?
We looked at 160 markets to find the best office space price and where our hypothetical rent budget of $120,000 per year (or $10,000 per month) would stretch the most.
