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.
Construction Pipeline Continues to Bottom Out as AI Expansion Adds to Uncertainty in Office Sector
Expanded AI adoption possibilities hold sway over the future use of office space, as is demand for flexibility, which is likely to further boost the position of coworking space within the office sector, across top office markets in the U.S.
Extell Acquires Park Avenue Construction Site in $500 Million Deal
Extell Development has completed the $500 million acquisition of a block-long construction site at 405-417 Park Ave., marking the largest component of the developer’s growing Midtown assemblage. The prime Manhattan office space, situated between East 54th and East 55th streets, offers a potential rentable office capacity of up to 700,000 square feet.
What Is A Triple Net Lease?
A triple net lease shifts most of the costs of owning a building from the landlord to the tenant. The tenant pays base rent plus their share of…
Global Net Lease Completes $535 Million Merger with Modiv Industrial
For GNL, the acquisition represents a “compelling opportunity” to accelerate its transition toward earnings growth in 2026. CEO, Michael Weil, stated that the merger follows a deleveraging initiative and supports the company’s ongoing strategy to reduce office exposure. GNL’s current holdings are already heavily weighted toward industrial properties and distribution centers, which account for nearly half of its portfolio. Weil highlighted that Modiv’s mission-critical industrial assets would provide the durable, predictable cash flow necessary to meet GNL’s long-term objectives.
5 Steps to Close More Commercial Real Estate Deals
Most commercial real estate deals fall apart after the price is agreed, not before. The negotiation gets done, the LOI is signed, and then something between letter of…
Understanding Commercial Real Estate
Commercial real estate (CRE) is property used for business purposes rather than as a primary residence. The category covers offices, retail centers, warehouses, apartment buildings of five units…
How Commercial Real Estate Wholesale Works
The wholesaler has found a property with an unbelievably good price, and even when the updating costs and wholesale fee are added in, the buyer accepting the assigned contract still has a property that’s well below market value.
Michael J. Fox Foundation Moves Headquarters to RXR-Owned Building
The Michael J. Fox Foundation for Parkinson’s Research (MJFF) is preparing for a move to a new location in Midtown Manhattan, N.Y. The non-profit will occupy 68,958 square feet of office space at 530 Fifth Ave. — a 26-story office tower jointly owned by RXR and Sagehall since 2014.
A Short History of Coworking
Twenty years ago, coworking barely existed as a concept. Today, somewhere between five and six million people head to a shared workspace every day, in cities as far…
Provident Nabs Memphis, Tenn., Industrial Portfolio
Provident Industrial’s acquisition incorporates more than 2.5 million square feet of Memphis industrial space across 13 buildings and represents a significant expansion of the firm’s holdings.
