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.
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.
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.
Pasadena Office Portfolio Fetches $80 Million
The $80 million Pasadena office portfolio totals 242,000 square feet and includes an 11-story property at 2 N. Lake Ave, a three-story building at 911 E. Colorado Blvd, a one-story structure located at 902 Boston Ct, and an additional six-story parking garage. The properties previously changed hands in 2009 for roughly $52 million.
The Most Ambitious Concept Skyscrapers Ever Envisioned
Skyscrapers are among the most awe-inspiring feats of modern engineering and architecture. However, some concept skyscrapers aim to test or even exceed the limits of engineering. Here are the 10 biggest and most ambitious skyscraper concepts that range from the challenging to the impossible.
CBS Building in Midtown Manhattan to Trade Hands for First Time
Harbor Group International purchased the CBS Building in Midtown Manhattan for $760 million in a seller-leaseback transaction from ViacomCBS which will maintain its presence in the building but reduce its footprint.
Hospitality, Health & Professional Services Lead Growth in Total Active U.S. Businesses 2008-2018
An overview of the business landscape between 2008 and 2018, focusing on net gains or losses in the total number of active businesses.
Maximizing Property Potential Through Adaptive Reuse: 6 Success Stories
Preserve and showcase the unique local character defined by the craftsmanship of previous generations, while also creating space for modern interiors and uses, through adaptive reuse restoration.
Yardi Launches Mortgage Relief, a Homeowner Assistance Fund Software
Yardi Systems — an internationally trusted property management technology company — recently announced the launch of Mortgage Relief, an intuitive Homeowner Assistance Fund software. Targeted toward state agencies…
Expert Roundup: Mental Health Experts on Employees Returning to the Office
As companies increasingly begin to reopen post-pandemic, most employees wonder what going back to the office might look like from now on. And, as workers question the new…
One Town Center Sells in Boca Raton’s Largest Office Deal of 2021
Prime US REIT paid $99.5 million for One Town Center, an office building located in Boca Raton’s retail district, along North Military Trail, Previously owned by a joint venture between CP Group and Siguler Guff, the property went for roughly $514.40 per square foot, making it the largest office deal in 2021 for the Boca Raton market.
