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.
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
Top 3 CRE Investment Strategies: Core, Value-Added, And Opportunistic Investments
Understanding the top three commercial real estate investment strategies is key to successfully investing in commercial real estate. Check out the must-know essentials about core, value-added, and opportunistic investments.
Northwest Bank Announces Plans for New Headquarters Office in Dublin, Ohio
Northwest Bank’s planned headquarters relocation to Bridge North is expected to occur in the first half of 2029, with an initial office lease term anticipated to be 15 years.
Everything You Need to Know About Commercial Property Taxes
Once the market value of the commercial property has been determined, the assessor will calculate the assessed value of the property by multiplying the market value by an assessment rate. The assessment rate is a uniform percentage that varies from county to county.
What Is Defeasance in Commercial Real Estate? How the Process Works
While the definition seems simple, the process can be quite complicated. Delve into the particulars of Defeasance and learn why this process is very important in commercial real estate investment.
Comcast Moves Into New Times Square Office
Comcast sealed a 141,000-square-foot lease at 1540 Broadway in Times Square. The move marks a relocation and consolidation push from Comcast, which previously conducted its advertising sales and technology division’s operations from Shorenstein Properties’ 1407 Broadway and BGRE’s 55 W. 46th St.
What Is A Tenant Improvement Allowance?
When you lease commercial space, the landlord will often contribute money toward building it out for your business. That contribution is the tenant improvement allowance, and it is…
More Office Markets See Dip in Vacancy, Pipeline Remains Modest, Medical Office Space Trends Toward Growth
Supported by favorable, long-term health care trends, such as the aging demographic and an increase in healthcare services demand, the medical office sector remains well-positioned for future growth, whereas traditional office space navigates widespread restructuring and consolidation in the face of weak demand.
The Holdover Clause In Commercial Real Estate Leases – What It Is and How It Works
Commercial real estate leases have a lot of negotiable terms and conditions. Accepting the boilerplate language of the holdover clause in a commercial lease can have a big impact when the lease expires and the tenant stays.
First Citizens Bank & Trust Expands San Diego Office Footprint
The acquisition expands First Citizens’ footprint in Southern California and establishes a base in San Diego, a strategic hub for biotechnology, health care, defense, software and venture-backed technology companies.
