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.

iCapital Extends One Grand Central Lease, Doubling Its Footprint

Fintech platform iCapital increased its footprint at One Grand Central Place in midtown Manhattan, virtually doubling its initial presence in the building to a total of 64,500 square feet.

Warner Bros. Sale Leaseback of the Burbank Ranch Now Official

The development delivery of the land swap deal is scheduled for 2023, which coincides with Warner’s 100th anniversary. Since breaking ground in early 2020, the Second Century Project’s distinct profile is already taking shape.

Revamped Los Angeles Creative Office Commands $153M

IRA Capital believes in strong post-pandemic recovery, pays $153 million on recently renovated Los Angeles office space leased to live entertainment tenant.

Nashville Yards Attracts Prominent Law Firm HQ Relocation

The largest law firm in Nashville has announced it will relocate its headquarters to the top floors of Southwest Value Partners’ 35-story office development at 201 Platform South.

VISA to Join Microsoft & Google in Atlanta’s Hottest Office Submarket

VISA joins Google, Microsoft, and others in the race to attract some of the diverse talent graduating from the various H.B.C.U.s in the city, as well as from Georgia Tech and Georgia State.

Miami offices

CI Financial Signs Lease for U.S. Headquarters in Miami

Both New York and Dallas were on CI Financial’s shortlist for its new base of operations in the U.S., but Miami ended up being the Toronto-based company’s preferred choice.

Paramount Closes 2 Lease Deals for 1301 Avenue of the Americas

The French banking group shrank its presence at 1301 Avenue of the Americas from its previous 240,000 square feet. Meanwhile, SVB Leerink — an investment bank specializing in healthcare and life sciences — signed up for more than double the Midtown Manhattan office space it had previously occupied.

Safeco Plaza Seattle Office Boston Properties

BXP Enters Seattle Office Market with Purchase of Safeco Plaza

Safeco Plaza in Seattle’s central business district has traded hands for $465 million to a joint venture managed by top publicly traded class A office owner, Boston Properties in a deal that brings the ownership, management and develop behemoth to the Seattle office market.

Searches for office space are on the upswing, reaching near pre-pandemic levels

National Office Report 2021: Vacancy Rates Stabilize as Listing Rates Slowly Perk Up

While office sales activity has remained below pre-pandemic levels, transactions recorded through July of this year totaled roughly $37 billion. Likewise, investment activity also remains below pre-pandemic levels and, if the current pace of completed transactions holds steady, 2021 office sales could even exceed the $62 billion recorded last year.

200 Clayton Denver Office Space

Construction Begins on 200 Clayton Project in Denver

Developers broke ground on the 76,000-square-foot mixed-use building at 200 Clayton in the Cherry Creek North neighborhood of Denver. The eight-story building will house a division of The Broe Group’s team and act as part of their headquarters.