Office
Read the latest real estate industry news with a focus on traditional office space leases, office property sale transactions, new office project construction and adaptive reuse repositioning programs, and more.
Top Green Building Certifications To Boost Your Property’s Marketability
There are more green building certifications than most owners realise, and they do not all measure the same thing. Some assess a building’s effect on the environment. Others…
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.
Tishman Speyer to Transform Chrysler Building Into World-Class Boutique Office
The extensive building improvement and hospitality program announced by Tishman Speyer aims to breathe new life into the 1.3 million square feet of Manhattan office space at the iconic skyline staple on Lexington Ave.
How Much Does it Cost To Open & Run a Coworking Space?
Most people who look into opening a coworking space start with the fit-out budget. The number that decides whether it works is the occupancy you need to cover…
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.
What is Speculative Development?
Drive past a warehouse going up with a leasing board out front and no tenant named on it. That is speculative development. Someone has committed to the land,…
What is a Commercial Real Estate Appraiser?
Most owners meet an appraiser for the first time because a lender asked for one. This guide covers what happens when that request lands, how appraisers reach a…
