YTD Office Sales Near $43B as Key Markets Carry Bulk of Pipeline & Loan Maturities Pressure Burdened Markets
Office loans approaching maturity add to the pressure that interest rates and low physical occupancy have been putting on office assets that have been underperforming through the flight-to-quality trend.
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General Atlantic Inks 150,000-Square-Foot Lease to Anchor 625 Madison
Related Companies secured a lease to anchor its 858,500-square-foot office space in Manhattan’s Plaza District. The tenant is General Atlantic, a global investment firm that’s set to occupy five floors totaling 150,000 square feet within the building upon its completion, which is scheduled for 2029. About one-third of the company’s global workforce (330 employees) will be working from 625 Madison Ave. once the move is completed. Â
Merritt Breaks Ground on Phase 1 of North Carolina Research Triangle Industrial Development
Phase one of the strategically located RDU Business Park aims to deliver more than 200,000 square feet of Raleigh-Durham industrial space to the North Carolina Research Triangle region in 2027.
Provident Delivers 4th Phase of El Paso, Texas, Industrial Park
Designed to meet the needs of logistics, distribution, and manufacturing users that are engaged in cross-border trade, Gateway Logistics Park is strategically located in East El Paso, Texas.
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