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HuFriedyGroup Inks Lease at Logistics Center in Glenview
Dental instrument manufacturer leases full building at Dermody’s Glenview industrial logistics facility north of Chicago. One of the several campus buildings still in development has also been pre-leased.
Office Pipeline 2025: Construction Slowdown Expected to Stabilize Vacancy Rates
Following a 44% year-over-year drop and standing at an estimated 55 million square feet, the total volume of U.S. office space under construction this year is the lowest it’s been in a decade. Even so, a look at construction activity across U.S. markets reveals Boston’s continued dominance (8.7 million square feet), despite the shrinking pipeline.
M2G Ventures Buys Industrial Park in North Dallas Submarket
The property incorporates more than 180,000 square feet of north Dallas industrial space and was reportedly nearly 100% leased at the time of sale.
Amazon Partners With WeWork to Expand Footprint at Five Manhattan West
Amazon and WeWork are partnering again, this time at Five Manhattan West in Hudson Yards. The coworking firm has executed a 112,265-square-foot sublease at the Brookfield Properties-owned office building for the e-commerce giant to secure space that was previously held by the Interpublic Group of Companies.
Fisher Brothers Secures New, 10-Year Loan for 299 Park Ave.
Fisher Brothers has secured a $500 million refinancing loan for its recently completed renovation of 299 Park Ave., its Midtown office property and headquarters. Citi Group and J.P. Morgan are providing this new, 10-year mortgage, which exceeds the building’s previous loan by more than $100 million.
Q4 2024 Industrial Ranking Report: Phoenix Holds Onto #1 Spot as Nationwide Construction Slows
We ranked the nation’s major industrial markets in Q4 2024 based on several indicators such as rent growth, vacancies, online searches and more. See the full list here.
Rockpoint Buys Central Massachusetts Distribution Center in Record Deal
Rockpoint’s aquisition of the 70-acre Greater Boston warehouse and distribution property marked the largest real estate sale in Central Massachusetts since the Staples headquarters changed hands in 2020.
Q4 2024 Office Markets Ranking Report: Office Deliveries Slow, Coworking Scene Continues Expansion
Boston and San Diego lead the ranking among office markets larger than 100 million square feet, while Miami scored highest among mid-sized markets in Q4 2024.
Hyundai America Inks New Lease for Orange County Warehouse
Hyundai America Technical Center, the research and development arm of Hyundai Motor Company, has leased a 91,600-square-foot distribution warehouse at LogistiCenter at Irvine II in Irvine, Calif.
Teladoc Health Expands & Moves Headquarters to 10 Grand Central
Teladoc Health has renewed and expanded its lease at Marx Realty’s 10 Grand Central. The company doubled its office space to 15,000 square feet in a 10-year agreement. This move coincides with Teladoc Health’s relocation of its corporate headquarters from Purchase, N.Y., to New York City.
