Iconic Downtown Los Angeles Office Tower Fetches $210 Million in Recent Sale
This Uncommon Developers acquisition marked the largest office deal in Los Angeles so far this year, with the $210 million price tag working out to more than $200 per square foot.
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Jamestown Signs Tech Tenant at Ponce City Market in Atlanta
Development management platform Northspyre joins a diverse roster of companies at Ponce City Market, including Airbus, FanDuel, Capital One, Sage, and CONA Services.
Construction Pipeline Continues to Bottom Out as AI Expansion Adds to Uncertainty in Office Sector
Expanded AI adoption possibilities hold sway over the future use of office space, as is demand for flexibility, which is likely to further boost the position of coworking space within the office sector, across top office markets in the U.S.
Extell Acquires Park Avenue Construction Site in $500 Million Deal
Extell Development has completed the $500 million acquisition of a block-long construction site at 405-417 Park Ave., marking the largest component of the developer’s growing Midtown assemblage. The prime Manhattan office space, situated between East 54th and East 55th streets, offers a potential rentable office capacity of up to 700,000 square feet.
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