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Shorenstein Acquires Tishman-Owned SoHo Office for $132.5 Million
Tishman Speyer completed the sale of a 12-story, Class A, boutique office space in Manhattan, N.Y.’s SoHo neighborhood for $132.5 million with an estimated price per square foot of $866. Newmark’s Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Avery Silverstein and Joshua King represented the seller during the negotiations.
October 2026 Industrial Report: Volume of Construction Starts Rises Despite Ongoing Challenges
Despite this flurry of hurdles, the industrial outlook for 2026 is largely positive due to continued demand for new warehouses, manufacturing and logistics spaces. Yet, while construction starts are expected to continue their increase for the remainder of the year, some of the headwinds listed above are likely to put a damper on overall supply and ultimately result in growing rent rates.
AVRS Takes 11% Stake in BXP-Owned Office Tower
AVRS Partners acquired an 11% stake in a planned 46-story, Class-A, Manhattan, N.Y., office space owned by BXP. The 930,000-square-foot development project at 343 Madison Ave. is set to be completed by 2029 and will cost an estimated $2 billion.
Koeppel Rosen Boasts 3 New Leases Across Manhattan, N.Y., Office Portfolio
The largest of the three leases was inked by GIC Technologies, Inc., which signed a lease for 5,345 square feet of Manhattan office space at 902 Broadway.
Shrinking Pipeline Makes Room for Over-Supplied Markets to Increase Absorption in Following Years
The significant reduction in office deliveries over the past few years leaves a void of best-in-class office offerings and creates an opportunity to fill this need with fully amenitized, class A+ space in prime locations.
King Street Locks Down $238M Refinancing for Research Triangle Campus
King Street Properties has obtained a $238 million loan to refinance debt for one of its industrial developments within North Carolina’s Research Triangle. Starwood Property Trust provided the capital for the first phase of an eventual 950,000-square-foot life sciences campus in Morrisville, N.C.
Industrial Boomtowns: The U.S. Metros Where Logistics & Warehousing Grew Fastest
Data centers have dominated industrial headlines — and for good reason. But, demand for warehousing and logistics space remains strong in its own right: U.S. e-commerce sales reached…
Joint Venture Takes Ownership of 1301 Avenue of the Americas
DRA Advisors is entering into a joint venture agreement with New York-based real estate investment trust Rithm Capital for the ownership of 1301 Avenue of the Americas. DRA is set to take a 49% stake in the property with Rithm maintaining its majority share at the 1.7-million-square-foot, Manhattan, NY, office tower.
Sony to Potentially Anchor Tishman-Proposed Hudson Yards Tower
Sony is in the midst of negotiations to anchor Tishman Speyer’s planned 99 Hudson Blvd. office tower. If successfully concluded, the deal will enable the electronics giant to move its operations from its current Manhattan headquarters at 11 Madison Ave.
JLL Buys Logistics Property in West Boston Submarket
Initially developed as a multi-tenant distribution facility, the property is now home to Ohio-based Cardinal Health as full-building tenant.
