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.
Newmark Leads $147.5M Refinance of Presidents Plaza in Chicago
Newmark arranged a refinance of Chicago office space property Presidents Plaza on behalf of Angelo Gordon and Glenstar Properties for $147.5 million from Bank of America. The two Class A adjacent properties each consist of two towers and a three story atrium connecting them.
Return to the Office: Keeping the Workspace Safe & Healthy in 2021
Companies the world over are learning how to ensure an adequate environment for employees. Here are a few ways in which we can each contribute to creating a safe and healthy shared workspace.
43,000 Square Feet of Office Space Leased at 505 Fifth Ave., Brokered by JLL
Pharmaceutical company Mesoblast, investment bank Brean Capital and broker-dealer Brownstone Investment Group all signed multi-year leases at 505 Fifth Ave in Midtown Manhattan, totallying nearly 43,000 square feet of office space.
The 10 Best U.S. Metros for the Up-and-Coming Generation Z
Generation Z, the iGeneration, Post-Millennials, Zoomers … known by a variety of names, the generation following Millennials is now reaching adulthood, settling down and already making an impact….
Wafra Secures $500 Million Construction Loan for 111 Wall St
The loan will fund a complete overhaul of 111 Wall St. led by Studios Architecture and will last approximately two years. The building will be outfitted with the latest in touchless and smart-building technology.
Experts Discuss What the Future of Office Spaces Will Look Like
Feldman Equities Acquires Fort Lauderdale Office in $59 Million Deal
Feldman Equities closed a $59 million deal for a Pinnacle Corporate Park in Fort Lauderdale, Fla. The seller — a joint venture between DRA Advisors and Banyan Street Capital — received roughly $226 per square foot for the property, a record price for the Cypress Creek submarket in the last decade.
CommercialEdge & SharpLaunch: A New Partnership for Your Full-Service Client Experience
Yardi continues to enhance its marketing and proptech partnership strategy by launching a new collaboration, between CommercialEdge and SharpLaunch, following several team-ups with digital disruptors.
Expert Insights: Chicago Real Estate Attorney John Goldstein Discusses Office Leasing in the Current Marketplace
What are the most popular concessions that tenants with long-term office leases try to negotiate for? Considering the COVID-19 outbreak, did lenders’ attitude towards investing in commercial real estate, especially larger office buildings, change? We sat down with John A. Goldstein, a real estate attorney and officer at Greensfelder, Hemker & Gale, P.C., in Chicago to talk about the current changes in the CRE marketplace.
Expert Roundup: Brokers Discuss Industrial Real Estate
Since the pandemic started affecting the U.S. economy last March, industrial real estate has proven to be the bright point in an otherwise challenging real estate market. As…
