Office

News

Fort Worth Sells Mixed-Use Building to New York Buyer

Mary Ann Azevedo | September 18, 2018

"The fact that the City of Fort Worth put its own economic development funds into developing the mixed-use complex was an uncommon situation."

News

Bye Bye, Big Apple: Hello, Sunshine

David Wilkening | September 18, 2018

Growing numbers of even long-time New York City-based companies are joining this one to find similar equally attractive conditions in South Florida (and better weather too).

News

Montecito Medical Expands New England Presence with Providence Buy

John Jordan | September 18, 2018

The four-story, 68,500 square-foot property is the largest facility for University Medicine, which operates nine other clinics throughout Rhode Island.

Today, Office Needs a Disruptive Model

Kelsi Maree Borland | September 18, 2018

“It isn’t enough to have a good job anymore; people want a great life,” said John Kilroy at Allen Matkins annual View From the Top conference, where he talked about how his firm is disrupting the office market.

CapRidge Breaks Into Phoenix Market

Kelsi Maree Borland | September 18, 2018

After years of following the Phoenix market and its strengthening fundamentals, Texas-based CapRidge makes its first buy in the market.

News

Grubb Properties Proposes Rezoning for Park at Perimeter Center East

Steve Lubetkin | September 18, 2018

The request proposes a walkable, mixed-use development that will include a mix of 900 condominiums, 500,000 square feet of new office space, 12,000 square feet of retail and nearly three acres of green space.

The Hidden Way to Boost Your Office Design

Kelsi Maree Borland | September 18, 2018

Demountable walls are often overlooked, but they can easily change the aesthetic and an office space and add flexibility to the floor plan.

News

Duff & Phelps Leases 91,000 SF at Park Ave. Plaza

Betsy Kim | September 17, 2018

The global valuation and corporate finance consultant goes from subletter to tenant expanding by almost 30,000 square feet at the Plaza District tower.

News

Investment Firm, School Lease 30,000 SF at 7 Bryant Park

John Jordan | September 17, 2018

Orion Resource Partners, an alternative investment management firm, will relocate to 7 Bryant Park from 1211 Ave. of the Americas and will occupy the entire 25th floor of the building, totaling14,143 square feet.

Miami's Growing Flex Office Space Prices For Less

David Wilkening | September 17, 2018

Some new data about cost-per-desk will help office users making choices in the Miami-Dade County area.

Government Properties, Select Income REIT to Merge

Erika Morphy | September 17, 2018

The company will change its name to Office Properties Income Trust.

Analysis

For CRE, Florence Packed Less Of A Wallop Than Feared

David Wilkening | September 17, 2018

Damages from Florence are still too early to assess but indications are that it will less impact on commercial real estate than some previous hurricanes.

Suburban Submarkets Have Renewed Energy

Brian J. Rogal | September 17, 2018

Class A buildings have the amenities needed to compete, and can offer space at a cheaper price.

Wood-Based Office Towers Growing Popular

Brian J. Rogal | September 17, 2018

The need for energy efficiency and sustainability has also brought the idea of wood buildings back.

News

Daniel Tishman Heads List of REBNY Award Winners

John Jordan | September 17, 2018

Tishman was selected as this year’s Helmsley award honoree, which is presented to an industry member for “their invaluable contributions to New York’s civic welfare and the real estate community.”

News

Finnegan Leaves JLL for Avison Young in Philadelphia

Steve Lubetkin | September 17, 2018

Finnegan, a CPA, provides clients with sophisticated real estate-based financial advice focused on financial-statement enhancement, tax mitigation and efficient application of clients’ capital.

News

Glass Continues to Take Center Stage in Building

Lisa Brown | September 16, 2018

Independent Bank Group’s headquarters will be enclosed with View Dynamic Glass, providing workers with unobstructed views and optimized natural daylight, which promote a more productive environment.

News

Law Firm Renews 53,000 SF Lease at Silverstein’s 120 Broadway

John Jordan | September 14, 2018

The law firm, which was founded in 1805, has been a tenant at the property owned by Silverstein Properties since 1991.

News

Ascendas-Singbridge Enters US With Office Portfolio Deal

Erika Morphy | September 14, 2018

The 3.3 million square foot portfolio is located in Portland, Raleigh and San Diego.

News

Willis Tower Unveils Latest Changes

Brian J. Rogal | September 14, 2018

A new five-story retail and entertainment space is just the latest addition that is part of a $500 million makeover.

News

Columbia and Normandy to Develop Office Building at 799 Broadway

Betsy Kim | September 14, 2018

The historic St. Denis hotel will be demolished for ground-up construction, showing how certain developments can face community preservationists' resistance.

News

No Stopping Allen Growth

Lisa Brown | September 13, 2018

Construction in general is booming in Allen, as it is across North Texas, with numerous residential, retail and office projects underway in Allen and Collin County, including the Collin College Technical Campus.

News

Class-A Space Goes for $1,565/SF

Lisa Brown | September 13, 2018

McCarthy Cook recently acquired Dropbox-anchored Castro Station, a three-building class-A office campus totaling 114,809 square feet in downtown for $179.7 million or $1,565 per square foot.

News

Convene Leases Its Largest Space To Date at 530 Fifth Ave.

Betsy Kim | September 13, 2018

The lease is among multiple recent deals with various companies showing strong interest in the flexible workspace sector.

News

Health Quest, Marist College to Build New Medical School

John Jordan | September 13, 2018

The projected construction cost of the project is $75 million. The operating costs of the facility for the first 10 years (2019-2029) is estimated at $184.8 million.

News

Flexible Workspace Comes to the Chrysler Building

Betsy Kim | September 13, 2018

Spaces has leased 110,989 square feet at Tishman Speyer’s iconic New York office tower.

Expert Opinion

Beyond the Elephant, Which Tax Issues May Affect CRE?

Lisa Brown | September 13, 2018

The tax reform act has been largely incorporated into the IRS code though some provisions still face interpretation and fine tuning, says Chris Paris, partner, Moss Adams, in this EXCLUSIVE.

Thought Leadership

Workplace Agility: The Newest Tool for Occupiers and Investors

John Salustri | September 12, 2018

Traditional leases alone aren’t enough to serve today’s corporate occupiers, say the folks of CBRE. Agility in its approach to space serves the tenant (and their employees) best--which means it serves the landlord as well.

News

Regeneron to Spent $800M in Upstate NY Expansion

John Jordan | September 12, 2018

The $800-million will be spent over the next seven years to expand its laboratory space, manufacturing capacity and warehouse facilities at the company's Rensselaer County campus.

News

Look What’s Trading in Washington, DC

Erika Morphy | September 12, 2018

Circle Towers in Merrifield, Va., are said to be trading for $165 milion.

News

North Minneapolis Starting to Accelerate

Brian J. Rogal | September 12, 2018

THOR, a local firm, has just completed a sparkling new HQ, which will also function as a community resource for the once-neglected neighborhood.

News

142K SF in Leases Concluded at 44 Whippany Road

Steve Lubetkin | September 12, 2018

Last year, the property underwent a $7 million capital improvement program.

News

Demand Remains High for Bellevue Office

Lisa Brown | September 12, 2018

In the first half of the year, Skanska purchased a 77,000 square-foot land parcel at the corner of 108th Avenue NE and NE 8th Street in downtown Bellevue with plans to develop a class-A office property.

Foreign Capital Catches Phoenix Fever

Kelsi Maree Borland | September 12, 2018

Canadian investors have long been active in the Phoenix market, but market growth is attracting new foreign capital players to the market.

News

Ankura Consulting Expands at 485 Lexington Ave.

Betsy Kim | September 11, 2018

The management consulting and expert services firm has extended its footprint in the SL Green building to 60,000 square feet.

News

Investcorp Acquires Office Campus in Germany for Nearly $100M

John Jordan | September 11, 2018

Investcorp, which is headquartered in Bahrain and has offices in New York City, says the deal involves the firm’s second real estate investment in Germany.

News

Colliers Expands Quebec Operations with RE Services Firm Buy

John Jordan | September 11, 2018

The deal expands Colliers International’s existing operations in Quebec by adding Landmark and its team of 30 real estate professionals.

News

Downtown Indy Looking Good to Buyers

Brian J. Rogal | September 11, 2018

  INDIANAPOLIS—This city's suburban region has long over-shadowed the downtown office market. But the desire among an increasing number of…

News

JBG SMITH Selling Vornado Asset For $121M

Erika Morphy | September 11, 2018

WASHINGTON, DC--A source tells us that JBG Smith is selling the Executive Tower at 1399 New York Ave., NW, for $121 million, or $939 per square…

News

SPP To Develop New Offices at Mixed-Use Tampa’s Water Street

David Wilkening | September 11, 2018

It’s the area’s first new ground-up trophy office buildings in nearly 25 years.

News

CBRE's Prolific Summer: No Slow-Down in NJ Leasing and Sales

Steve Lubetkin | September 11, 2018

“CBRE continued to experience outstanding leasing and sales momentum throughout the summer months,” says Jeff Hipschman, senior managing director, CBRE.

Class-B Office Most Popular in Coastal Markets

Kelsi Maree Borland | September 11, 2018

Class-B office properties are driving investment activity in San Diego’s coastal office submarkets.

News

Vera Institute of Justice Relocates to Brooklyn’s Industry City

Betsy Kim | September 10, 2018

The criminal justice reform non-profit is leasing 35,000 square feet at the Sunset Park Campus.

Glendale Gets First Major Creative Office Hub

Kelsi Maree Borland | September 10, 2018

Goldman Sachs Private Real Estate is filling the void for creative office supply in Glendale with plans to overhaul the 320,000-square-foot 505 N. Brand.

News

Blue School Expands Lower Manhattan Campus by 45,000 SF

John Jordan | September 10, 2018

The expansion space is located a few blocks from the school’s longtime home at 241 Water St. which has been reconfigured to serve the school’s pre-primary program through third grade students.

San Diego Third Biggest Life Science Market in US

Kelsi Maree Borland | September 10, 2018

The life science market has grown rapidly in the last several quarters, making the San Diego market one of the largest in the country.

News

Can CRE Communication be Streamlined?

Lisa Brown | September 10, 2018

The communication process can lead to longer timelines and reduced outputs, ultimately driving real estate prices up and limiting global economic growth, but Openland recently launched a CRE messenger for this need.

News

Blockchain Still Raises Eyebrows of Skepticism

Lisa Brown | September 10, 2018

However, there are two reasons why tokenization is worth the trouble: liquidity and fractional ownership, both of which present opportunities to reduce costs and friction in the investment process.

Research

Cushman & Wakefield: Life Sciences Driving Improved NJ Office Fundamentals

Steve Lubetkin | September 10, 2018

The industry’s annual contribution to the state economy is estimated at $47.5 billion—86 percent higher than the national average, says Andrew Judd, Cushman & Wakefield’s New Jersey market leader.

News

DFW Construction Retreats Due to Large Completions

Lisa Brown | September 09, 2018

Commercial construction may have reported a decrease in the DFW area, but there is only continued growth in the multifamily sector, specifically in the larger sized projects.