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.
Dallas Galleria Office Towers Sell for $400 Million
Piedmont Office Realty Trust has completed the acquisition of Dallas’ distinctive Galleria office towers. The three buildings commanded $396 million, marking the largest Dallas-Fort Worth office sale of…
Hines Nabs Twin Santa Clara Offices in $195 Million Deal
Global investor and developer Hines Interests partnered with Los Angeles-based Oaktree Capital Management to acquire a two-building office portfolio in Santa Clara―totaling 445,157 square feet of space. Shorenstein…
Top 100 Most Expensive U.S. Office Submarkets in 2019
Main Takeaways Mountain View – Shoreline was the nation’s most expensive submarket in 2019, with an average sale price of $1,554 per square foot of office space. The…
Industrious Secures First Location in Downtown Phoenix
The Monroe is going through a complete overhaul of the lobby that will create a sense of community and collaboration for its tenants. By the end of this year, Downtown will finally have that next generation of lifestyle experience office environment.
Simon Property Group to Acquire Taubman Centers Inc. in $3.6 Billion Deal
The nation’s largest mall operator, Simon Property Group, will acquire Taubman Centers Inc. in an all-cash deal. Simon will reportedly pay $52.50 per share for an 80% stake…
Expert Insights: Andrea Davis Discusses Arizona CRE
Andrea Davis, leading expert in the commercial real estate industry, has over 20 years of industry experience in helping thousands of businesses find their dream office. She is…
Manhattan Office Sales Dip 12% Y-o-Y in Q4 2019
Sales activity in the Manhattan office market decreased 12% year-over-year, with total sales volume dropping to just under $2.8 billion. After gaining significant traction in Q3, Manhattan office…
Whittle School Signs Lease for Tishman’s Recently Completed 620K SF Brooklyn Office Space
The Whittle School―a private school founded by former Esquire magazine Chairman Chris Whittle―has signed a 20-year lease for 620,000 square feet of office space at the Wheeler complex…
NYC Developer to Buy Iconic Transamerica Pyramid in San Francisco
San Francisco’s Transamerica Pyramid Center is set to be sold for the first time since it’s completion. Michael Shvo, a New York developer, is leading a group that…
