OFFICE ADAPTIVE REUSE PROJECTS

Arup, a global consultancy focused on sustainable development, is relocating its New York City operations. The company signed a lease for approximately 100,000 square feet at 140 Broadway, a 51-story office building in Manhattan’s Financial District owned by Union Investment.

First National Realty Partners signed three new leases for retail space in Columbus at the Carriage Place Shopping Center, enhancing the property’s retail and dining offerings with the addition of Fun City Trampoline Park, Pet Supplies Plus, and Port of Peri Peri.

The analysis relies on the Shannon Equitability Index – a commonly-used formula in biodiversity studies – to determine how the central business districts of major U.S. cities ranked across three metrics we argue are vital for the richness and vibrancy of local economies.

The three newest tenants share the roster and the abundance of recently upgraded state-of-the-art modern amenities with a slew of names holding significant weight in their respective industries.

Strategically placed overlooking King Street, ARCO’s new Charleston office space is located in the heart of the central business district and celebrates the firm’s successful growth over the past years.

We ranked the nation’s major industrial markets in Q4 2024 based on several indicators such as rent growth, vacancies, online searches and more. See the full list here.

Key Takeaways Northern Virginia, within the Washington, D.C. market, leads in active data center development, with nearly 6 million square feet currently being built. Atlanta and Phoenix are hot on its heels, with 5.2 million and 4.9 million square feet underway, respectively. Here, developers are cashing in on tax breaks and cheaper energy compared to …

FNRP was quick to fill the retail space left wanting following the recent bankruptcy of JOANN Fabric and Crafts. National retailer Burlington, Buffalo Wild Wings GO, and Another Broken Egg Café join the tenant roster at Brandywine Crossing, in the Capital Market submarket of Washington D.C.

Trio Manufacturing, a company specializing in aircraft engineering and manufacturing for both commercial and military sectors, is significantly expanding its operations in the South Bay. The company is relocating its headquarters and manufacturing plant from El Segundo, Calif., to a 123,200-square-foot industrial facility located at 17006 S. Figueroa St. within the Harbor Gateway area near Gardena and Carson, Calif.

Affectionately known as the Big Peach, Atlanta seamlessly blends Southern charm, modern innovation and diverse cultural influences. If you’re visiting for business — or even if you’re an Atlanta native looking for fresh ideas — you’ll find no shortage of memorable activities in this dynamic city. Recently, Atlanta hosted the CRE Financial Council’s Trends in …

Santander Bank has opted to remain at its current U.S. headquarters, located at 437 Madison Ave. The Spanish financial institution has finalized a seven-year lease renewal for 191,667 square feet, encompassing floors five through 10 of Sage’s 40-story office tower in Midtown East, with the added provision of a lease extension option.

Milan Capital Management and Arc Capital Partners continue the revitalization of The Plant retail space in San Jose with the addition of another attractive store for the the consumers in the region.

The newly renovated coworking and shared office space reopens with a wealth of top-tier amenities and facilities designed to meet hybrid work and diverse other professional workspace needs.

46Labs begins new phase of growth in its new and larger office space in Dallas’ West End, located in the industrial-to-office redevelopment project dubbed Factory Six03 on Munger Avenue.

Recently, we looked at how commute times had changed across the 50 largest cities in the U.S. since the workforce distribution has become more hybrid than remote. In doing so, we found that, nationwide, the expected correlation between remote work and commute trends was not as strong or as consistent as it was in 2020 and 2021. …

The $55 million acquisition included Gateway Centre in Northern Virginia — a 102,277-square-foot industrial flex building constructed in 1988 and located at 7201-7401 Gateway Court — and Linden Business Center, a similarly sized, 109,809-square-foot property at 7245-7795 Coppermine Drive that was built in 2001. The assets total 212,086 square feet and were sold by a partnership between Davin Holdings and The Davis Companies.

Aphorio Carter makes eighth and ninth data center acquisitions since the company founding in 2022, now totaling nearly $240 million in total assets under management.

For our latest interview in the Expert Insights series, we had the pleasure of chatting with Jeffrey Gural, chairman of GFP Real Estate LLC (formerly Newmark Holdings and Newmark Knight Frank). Gural joined Newmark Knight Frank in 1972. He served as chairman until 2017 and now holds the title of chairman emeritus. For approximately six …

Having outgrown its current headquarters at 200 Madison Ave. (for which it had originally signed a decade-long agreement in early 2022), Garan is now leasing the entirety of the 31,663-square-foot sixth floor at 99 Park Ave., a property managed by Global Holdings Management Group. This expansion complements Garan’s existing 31,754-square-foot space on the property’s seventh floor to bring its total footprint to 63,417 square feet.

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SL Green, the dominant office landlord in Manhattan, has finalized a 15-year, 144,418-square-foot renewal and expansion lease with Newmark at 125 Park Ave.

Gateway Logistics Park is well positioned for tenant operating in cross-border logistics and distribution and phase four will deliver nearly 500,000 square feet of new class A industrial space to the El Paso, Texas, market.

Dental instrument manufacturer leases full building at Dermody’s Glenview industrial logistics facility north of Chicago. One of the several campus buildings still in development has also been pre-leased.

Following a 44% year-over-year drop and standing at an estimated 55 million square feet, the total volume of U.S. office space under construction this year is the lowest it’s been in a decade. Even so, a look at construction activity across U.S. markets reveals Boston’s continued dominance (8.7 million square feet), despite the shrinking pipeline.

After reaching full occupancy of both phase one and phase two of the Imeson industrial park in Jacksonville, Meritt is looking at kicking off phase three of development in the near future.

The property incorporates more than 180,000 square feet of north Dallas industrial space and was reportedly nearly 100% leased at the time of sale.

If you’ve debated trading Boston’s Seaport for Newton’s leafy suburbs or weighed Springfield’s short commutes against Worcester’s parking perks, you’re not alone: Hybrid work has reshaped Massachusetts, altering not just how people work, but also how cities accommodate them. Now, some companies are calling employees back, while others embrace flexibility, thereby forcing cities to adapt. …

Amazon and WeWork are partnering again, this time at Five Manhattan West in Hudson Yards. The coworking firm has executed a 112,265-square-foot sublease at the Brookfield Properties-owned office building for the e-commerce giant to secure space that was previously held by the Interpublic Group of Companies.

Fisher Brothers has secured a $500 million refinancing loan for its recently completed renovation of 299 Park Ave., its Midtown office property and headquarters. Citi Group and J.P. Morgan are providing this new, 10-year mortgage, which exceeds the building’s previous loan by more than $100 million.

We ranked the nation’s major industrial markets in Q4 2024 based on several indicators such as rent growth, vacancies, online searches and more. See the full list here.

Online internet listing service (ILS) platforms continue to revolutionize how business is done in the real estate sector. That’s because modern digital tools and features come together for brokers, tenants, sellers, and buyers to find the right properties and connect with each other to seal the deal. CommercialCafe — a trusted Yardi marketplace — is …

Rockpoint’s aquisition of the 70-acre Greater Boston warehouse and distribution property marked the largest real estate sale in Central Massachusetts since the Staples headquarters changed hands in 2020.

HITT Contracting begins work on new headquarters office space in suburban Washington D.C. with a commitment to sustainable building practices and innovation in construction technologies.

Boston and San Diego lead the ranking among office markets larger than 100 million square feet, while Miami scored highest among mid-sized markets in Q4 2024.

Hyundai America Technical Center, the research and development arm of Hyundai Motor Company, has leased a 91,600-square-foot distribution warehouse at LogistiCenter at Irvine II in Irvine, Calif.

Teladoc Health has renewed and expanded its lease at Marx Realty’s 10 Grand Central. The company doubled its office space to 15,000 square feet in a 10-year agreement. This move coincides with Teladoc Health’s relocation of its corporate headquarters from Purchase, N.Y., to New York City.

The new Washington, D.C. Capitol Hill coworking space is conveniently located within close proximity of several landmarks of significant historical and political importance.

Work on the first phase of the hyperscale data center campus in Louisville is expected to begin in 2025. First building delivery expected in Q4 2026.

The high rise at Two Park Avenue sold in one of the largest transactions of office space in Manhattan in 2024. Claiming a price tag of roughly $360 per square foot, the property is now owned by Haddad Brands.

The company signed a 21,806-square-foot lease at 2990 Ponce that will enable it to relocate from its current offices in Doral, Fla. The move also marks a significant expansion of its footprint as the firm will nearly double the size of its headquarters.

Madison, Wisc. headed the ranking for the top 20 tech metros across the Midwest, with outstanding performances for its ratio of tech employment opportunities within the local economy, tech business density and life quality index.
In second place, Ann Arbor, Mich. mirrored Madison’s performances, while Chicago’s third-place finish reflected its strength in terms of research and tech innovation, along with its ability to provide attractive wages to the best professionals.

The transaction involved the former Pappas Tomato Factory building at 1401 Okie St. NE, the historic Equitable Co-Operative Building Association property at 915 F St. NW and a 16-acre parcel near the National Arboretum. 

The Maybrook Logistics Center offers excellent connectivity across the region and links PrimeSource with some of the strongest markets east of the Mississippi.

Dallas ranked among the top 20 U.S. cities for office conversion, and the Santander Tower adaptive reuse project to turn 14 office floors into residential space is just the latest in a string of successful mixed-use deliveries.

Athleisure sensation Lululemon recently opened an enhanced retail space in downtown Savannah, GA, which marks an expansion of almost double its former flagship space in the city.

Workbox brings a variety of flexible office solutions to meet the needs of local entrepreneurs and businesses and builds unique networking and community support opportunities.

Blue Owl Real Estate, in partnership with Chirisa and PowerHouse Data Centers, has secured a $600 million construction loan to develop a 50-megawatt data center in Chester, Va. The project, located within the Chirisa Technology Park, is strategically positioned approximately 20 miles south of Richmond.

The rise of remote work has reshaped the American workplace, but the reality for many households is a delicate balancing act: While some family members embrace remote work, others may require daily commutes to the office. With that in mind, the following study explores this dynamic in Florida by identifying the top 10 cities that best …

Morgan Stanley has offloaded its 28-story office building at 2 Park Ave. to Haddad Brands for approximately $360 million. This deal marks one of the largest office investment sales in New York City this year.

Howard’s Appliances has secured a significant lease for its new corporate headquarters, main distribution center, showroom and outlet. The company has leased a 127,540-square-foot industrial facility at 111 N. Baldwin Park Blvd. in the City of Industry, Calif.

This year, as tech companies search for new talent and opportunities, the Southern U.S. continues to rise as a choice destination. Defined by affordability, specialized industries and world-class universities, the region offers fertile ground for growth. With institutions like Georgia Tech — which produces more tech graduates than any other college in the nation — [...]

The Northeast’s best metros for tech include innovative university towns as well as high-density cities with venture capital to boot. Check out the full top 20 list and see how the U.S. Northeast’s innovation hubs fared this year.

With this acquisition, The Broe Group joins industry giants including UPS, Amazon, Lowe’s, Google, and Walmart in Atlanta’s premier I-20 submarket.

Pillsbury Winthrop Shaw Pittman expands its presence in Austin with a new full-floor lease at The Republic, the newest (and the tallest upon completion) office tower in the downtown Austin skyline.

How much office space is a feasible candidate for conversion to residential use? We look at data on the 30 largest office markets in the U.S. to rank the locations by best-rated conversion potential.

The manufacturing facility is strategically located along the Houston ship channel and features several high-value amenities, in addition to 800 feet of frontage on the channel and the ability to add a deepwater dock for bulk vessels.

Apple has significantly expanded its presence at 11 Penn Plaza, a Midtown Manhattan office building owned by Vornado Realty Trust. The tech giant has secured an additional 61,000 square feet, bringing its total occupancy to 460,000 square feet.

Vaxcyte signed a lease for roughly 260,000 square feet of life sciences office space in San Carlos, in Building 1 of Alexandria Real Estate Equities’ San Francisco Bay Area mega campus.

Revlon is the first tenant to lease office space here since Merck vacated the property and will be consolidating several divisions in more than 60,000 square feet of R&D office space at 15 NEST.

The “back to normal” still looks like a slightly different normal in many ways, including commute trends. We look at how commute times have changed since the remote workforce shifted more into a hybrid arrangement, based on the latest numbers released by the U.S. Census Bureau.

What is the role of vocational education and trade schools in today’s U.S. labor market? With higher education becoming evermore inaccessible due to the financial strain it places on students, many Gen Zers are showing increasing interest in developing practical skills instead of going to college. In addition, the hiring shortages that affected several fields …

Dalfen Industrial has announced that ComfortSide, LLC, a leading HVAC equipment company, also known as Cooper & Hunter, has closed on a 96,000-square-foot lease deal at its recently completed Midpoint Miami Logistics Center in Hialeah, Fla.

Rising Ground, a prominent human services organization, is relocating its downtown Brooklyn office to 111 Livingston St. The nonprofit has signed a 15-year lease for 27,147 square feet on the 19th and 20th floors of the building.

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SHIFT: South Fulton aims to meet the needs of entrepreneurs and businesses of all sizes by offering a variety of warehousing options across more than 100,000 square feet of space.

We compared and scored the 100 largest office markets in the US to see which performed best across several key indicators including asking rent, vacancy, loan maturities, coworking growth, deliveries and under-construction pipelines, and more.

Cabot Properties has acquired a four-property industrial portfolio in southern California’s Inland Empire for $202 million. The portfolio, totaling nearly 670,000 square feet, was previously owned by an affiliate of Blackstone’s Link Logistics.

The property includes roughly 120,000 square feet of suburban Washington, D.C., retail space and was nearly 80% leased at the time of purchase. Its new owners expect to bring leasing to nearly 100% in the short term.

Our ranking report of U.S. industrial markets in Q3 2024 ranked top locations by rent growth, vacancies, online search interest and more.

CoreWeave, with assistance from the property owner and the local electricity utility, will work to transform the 11NEST building at the Northeast Science & Technology Center in Kenilworth, N.J., into a state-of-the-art data center facility to support the innovative biotech community in the region.

Grandview Partners and TRG Development obtained nearly $100 million in financing for Core45, a 1.64-million-square-foot industrial park in Wilmer, Texas. Benefit Street Partners provided the loan that will be used to refinance existing debt acquired by the property in December 2021.

E-commerce, which slowed in 2023 after its pandemic-driven peak, is showing signs of recovery in 2024. According to the latest CommercialEdge national industrial market report, online sales reached $291.6 billion in the second quarter, marking a 1.3% increase from the previous quarter and a 6.7% rise year-over-year. With that, e-commerce now accounts for 18.8% of …

Renowned for its architectural marvels, deep-dish pizza and dynamic cultural scene, Chicago is a thriving hub for professionals of all types. Whether you’re a freelancer, entrepreneur or someone working remotely, the city offers a variety of spaces where you can set up shop for the day. Plus, Chicago’s diverse neighborhoods are home to an array …

CIM Group — a real estate lender, developer and operator — has foreclosed on an Arch Companies-owned boutique office space in Manhattan. This action follows months of turmoil for Arch, including internal disputes and financial difficulties.

The commercial property changed hands in an all-cash transaction that was one of the biggest sales to close in the state of Florida, to date.

As work environments shift in the post-pandemic era, many households are navigating a balance between remote and in-office work. While some professionals are returning to the office full-time, others continue to opt for hybrid or fully remote arrangements. This evolving landscape makes cities that support both work-from-home (WFH) and office-based work (WFO) increasingly valuable. Accordingly, …

Rockpoint has sold its stake in the San Diego business park located in the submarket of Otay Mesa on Sanyo Avenue to acquisition partner Badiee Development, marking the third investment this joint venture handled together.

For decades, the narrative surrounding America’s Rust Belt was one of decline — factories lying dormant, population decline, urban blight and struggling communities. However, a quiet but determined effort has been underway to revitalize the region, as documented in one of our previous reports. But, capturing this resurgence in a single snapshot is no easy …

Blue Owl Capital has significantly expanded its footprint at RFR Holding’s iconic Seagram Building. The firm renewed its existing lease for 168,597 square feet on floors two through six and added an additional 70,076 square feet on floors 16 through 19.

A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase in south Florida so far this year.

Workbox moves its headquarters to Fulton Market, a vibrant hub for small early- and growth-stage businesses, which also makes up the majority of the firm’s clients.

Totaling more than 130,000 square feet of Dallas commercial real estate, the new laboratory space opened at the Pegasus Park life sciences campus boosts the burgeoning biotech hub growing in the region.

Clarion Partners has secured a $94 million loan to refinance Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston. 

CVC Distribution’s new lease highlights the continued growth and demand for industrial space in the region. The company’s expansion into Northern Virginia underscores the area’s attractiveness as a strategic location for businesses seeking access to the thriving D.C., Maryland and Virginia markets.

The Georgia-Pacific office headquarters building will be the subject of one of the largest adaptive-reuse projects in the country, which will transform the office tower into a mixed-use commercial space and residential units property.

The new Chicago flexible office space hub offered by Expansive at Two Pru in the city’s lakefront east business district will open officially in October and provide everything from private office suites to coworking desks and one-day office memberships.

Vita Coco has signed a 22,530-square-foot, decade-long lease for its new headquarters at 111 Fifth Ave. in Manhattan’s Flatiron District. The new location is just a short walk from the company’s current headquarters at 250 Park Ave. S. Both office buildings are situated near Union Square, which has recently attracted the attention of several large tenants.

Bridgewater Associates is poised to establish its first U.S. office outside of its Connecticut headquarters in Westport. The firm is reportedly close to finalizing a lease for office space at 295 Fifth Ave. in Manhattan between 31st and 30th streets.

Vital Records Control joined the tenant roster at Ruffin Mill Distribution Center with a lease of more than 230,000 square feet of industrial space, which brought the suburban Richmond, Va., property to 100% occupancy.

The best mid-sized cities (population ranging from 250,000-400,000) for Generation Z included locations across the Midwest and South, attracting young people with employment opportunities, fun factor and more.

The City of Louisville, CO has approved phase one of the Redtail Ridge innovation district project, which aims to deliver new life sciences and office space to the Boulder, CO metropolitan market.

JEMB fills the office space left vacant in 2022 with a new lease taken on by Yeshiva University, which will be adding 160,000 square feet of prized Manhattan office space to its footprint in the city.

NexPoint’s redevelopment of the former EDS campus in Plano received city approval and a tax increment reinvestment zone benefit for phase one and seeks additional funding facilities before desired construction start in 2025.

Renowned auction house Christie’s has renewed its 25-year lease at Rockefeller Center in New York City. The decision to stay put at its 400,000-square-foot headquarters came after careful consideration of relocation options.

The Mile High City, Denver offers a blend of urban sophistication and outdoor adventure, making it a destination that appeals to both business and leisure travelers. With its stunning, natural beauty; rich cultural scene; and vibrant neighborhoods, Denver is a city that promises a memorable experience for all. So, to help you make the most …

Detroit, often celebrated for its pivotal role in the automotive industry and its rich musical legacy, has undergone a renaissance that blends its historical roots with a burgeoning creative and entrepreneurial spirit. As such, the city’s revitalized neighborhoods are now home to an eclectic mix of cafés, restaurants, and coworking spaces that cater to remote …

Boston Proper has agreed to remain at its headquarters at 1155 Broken Sound Parkway NW in Boca Raton, Fla. for another 10 years. The property is owned by Adler Real Estate Partners.

Despite high office vacancy in the downtown Seattle market, the new owners believe upgrading office space and visitor experience at the Smith Tower to meet modern and foreseeable standards will attract more business and foot traffic back to Pioneer Square.

A joint venture of BLDG and DWREI recently acquired the iconic 29-story office building at 100 Wall St., totaling more than 500,000 square feet of class A Manhattan office space.

Bain Capital expanded it headquarters lease to nearly 400KSF of office space in Boston at BXP’s 200 Clarendon, the tallest office tower in New England.

Across major U.S. markets, office construction numbers total approximately 77 million square feet, with Boston contributing some 12 million square feet, followed by Dallas and San Francisco with similar amounts (5 million square feet).

DCMA is moving headquarters from the Financial District to office space in Midtown Manhattan’s Rockefeller Center. The financial company leased the 49th floor of Mitsui Fudosan America’s 1251 6th Ave.

The most recent national industrial report by CommercialEdge highlights a continued slowdown in the industrial development pipeline after two years of unprecedented delivery levels: For six consecutive quarters, completions have outpaced new starts, leading to a noticeable contraction. Even so, looking ahead, the report forecasts a gradual uptick in the new development pipeline in the …

Law firm Willkie Farr & Gallagher has extended its lease at its 315,000-square-foot headquarters within CommonWealth Partners’ 787 Seventh Ave. for another two decades. The firm will look to renovate the 51-story Theater District office building to meet future needs, although financing details for the planned upgrades were not shared.

ATCO Properties & Management has sealed two renewals at 555 Fifth Ave. as existing tenants Telsey Advisory Group (TAG) and Maritime Capital LLC committed to the 257,000-square-foot property in the heart of Midtown. Both firms have been part of the building’s tenant roster since 2017, according to the landlord.

The Mohr Capital and Standard REI joint venture is banking on the emergence of the Reno industrial market as an increasingly attractive distribution hub for the region.

Since adopting the CommercialEdge Listing Network with premium listings, Boxer has seen a significant increase in leads and conversions. For example, closed lease rates jumped from 9% to 16%, demonstrating the effectiveness of the platform. Additionally, the company benefits from accurate and automated data transfer; simplified multi-platform property presentation; and improved search visibility.

Formerly known as Novel Coworking, Expansive Workspaces now boasts a network of more than 40 shared office locations in 32 U.S. cities. Chicago coworking space locations now also include 3838 N. Ravenswood Ave.

The self storage industry has been booming over the past decade, adding 25% of the total inventory nationwide. Despite a brief slowdown during the pandemic, 2023 saw the addition of 53 million square feet of new space, with 2024 projected to contribute another 54 million rentable square feet. This surge in construction activity is driven by robust and growing demand within the sector.

Baltimore, known for its rich history and vibrant culture, is also becoming a hub for remote work. As the city continues to evolve, it offers an array of dynamic and inspiring environments perfect for remote professionals. From cozy cafés to sophisticated coworking spaces, Baltimore has options to suit various working styles. Whether you need a …

Atlanta retook the mantle of best city for the up-and-coming Generation Z. Here’s how the rest of the cities above 400,000 residents in the U.S. stood as well as regional rankings.

Carlo Bellini’s 99c has expanded its footprint across New York City with the acquisition of a 1.2-million-square-foot office tower in Manhattan’s Financial District. The company forked over $297 million to buy 180 Maiden Lane from a joint venture between Clarion Partners and MHP Real Estate.

A joint venture comprised of Chicago-based Sterling Bay — along with MRP Realty and Declaration Partners — inked two new leases with the U.S. Travel Association and the Coalition for Epidemic Preparedness Innovations (CEPI) for a total of 25,745 square feet at its Washington, D.C. offices at 1899 Pennsylvania Ave.

Ingka Group’s investment arm joined Extell Development’s tower at 570 Fifth Avenue, one of the best Manhattan retail space locations, where the company intends to open an 80 K SF ground floor IKEA client meeting point.

Seagis has found a tenant for its Northern New Jersey industrial space building in East Rutherford. The tenant signed a full-building lease for the recently renovated property and joins the revitalized Meadowlands industrial submarket.

Hosting more than 1 million international college students during the 2022-2023 academic year, the U.S. remains the top choice for higher education abroad. Renowned for its world-class universities and with a decades-long history of cutting-edge technological innovation, the country consistently attracts the best and brightest global minds. Additionally, this global cohort of scholars contributes significantly to the …

Millennials (currently aged 28 to 43) make up nearly 22% of America’s population. This makes their well-being important not only for themselves, but also for the broader U.S. economy. While major events like the Great Recession required them to adjust their economic expectations compared to their Baby Boomer parents, there are signs that this generation …

New Denver office space is open for business in the RiNo district, at the Paradigm River North project developed by a joint venture between and Jordon Perlmutter & Co. and Rockefeller Group.

Harbor Associates and F&F Capital Group secured a $36.3 million refinancing loan from Argentic Real Estate Finance. The five-year loan with a fixed interest rate of 7.5% will be used to pay off existing debt on the 158,000-square-foot property located 1640 Sepulveda Blvd.

Chicago is a vibrant metropolis known for its stunning architecture, diverse cultural scene and iconic skyline. As such, the Windy City is a blend of modern innovation and rich history, offering something for everyone. From the bustling Magnificent Mile to the tranquil, lakefront paths, Chicago is a place where every corner has a story to …

Aby Rosen’s RFR Holding recently sold 980 Madison Ave. — a mixed-use building on the Upper East Side known for its art galleries — for more than half a billion dollars. The buyer is Michael Bloomberg’s Bloomberg Philanthropies, which intends to convert the property into a family office.

The renewable energy technology and manufacturing company will reportedly ensure energy for the sizeable headquarters expansion through the existing pond loop heat pumps on site.

Known for its vibrant nightlife and entertainment, Las Vegas is also home to an emerging scene for remote work. And, as the city diversifies beyond its gaming roots, it’s becoming a hub for professionals seeking dynamic and inspiring environments to work in remotely. From hip cafés to sophisticated coworking spaces, Las Vegas offers an array …

An essential part of the Bascom Station mixed-use project, this development marks the 10th local Valley Health Center and delivers more than 200,000 square feet of San Jose medical office space to meet the needs of the surrounding community.

Incendia Therapeutics, Larkspur Biosciences, and Deep Genomics join the Cambridge MA ecosystem and rent new Boston office space being redeveloped at One Canal by Breakthrough.

In a city where history meets innovation, Boston stands out as an exceptional location for remote work. Known for its rich academic heritage and vibrant cultural scene, Boston offers remote workers an array of inspiring and dynamic spaces. From cozy, tucked-away cafés to sleek, modern coworking hubs, the city caters to a variety of professional …

Hines — a Houston-based real estate investor and developer — is expanding its Hudson Square presence by connecting its existing, 17,000-square-foot office space on the 12th floor of 345 Hudson St. to an additional 15,000 square feet in the adjacent building at 555 Greenwich St. This 12-year lease expansion is part of a joint venture with Trinity Church Wall Street and Norges Bank Investment Management. Hines developed and owns both properties.

The Writers Guild of America East (WGAE) decided to renew its 16,749-square-foot lease at the Jack Resnick & Sons-owned 250 Hudson Street for an additional 16 years. The 70-year-old labor union will maintain its presence on the seventh floor of building, which has been home to their headquarters since 2010.

Right in the heart of Texas, Houston is a dynamic city where Southern charm meets urban sophistication. Known as the Space City, Houston boasts a skyline punctuated by impressive skyscrapers and a sprawling network of diverse neighborhoods, each with its own unique character. The city’s rich history is further reflected in its vibrant arts scene, …

The shopping center includes more than 437,000 square feet of suburban Chicago retail space and is home to a plentiful variety of notable tenants as well as a dynamic mix of amenities.

One of the most desirable submarkets in the Dallas-Fort Worth metroplex, Las Colinas has attracted a new data center campus project planned to span 1 million square feet and deliver the first powered shell as soon as 2025.

Architecture firm HOK has signed a 13-year lease at Wanxiang America Real Estate Group’s One Pru, formerly known as One Prudential Plaza. The company is set to occupy a 25,500-square-foot space on the 14th floor of the 41-story building.

HOK will vacate its current premises at 333 S. Wabash Ave. in Chicago early next year upon the expiration of its 27,000-square-foot lease.

Data analytics and intelligence firm Palantir Technologies has agreed to a new lease deal at the RXR-owned 620 Avenue of the Americas. The company, which previously leased the space through WeWork, is set to retain its existing footprint of 140,345 square feet within the Chelsea building.

For many pet owners, the workday can be a struggle. Leaving our furry companions at home can be heartbreaking, and doggy daycare costs can quickly add up. Conversely, although remote work offers the flexibility to stay home with your pet, it can also lack the social interaction and collaborative spirit of a traditional office. But, …

The 410 office building offers occupants an excellent location in the heart of Denver that is easily accessible and surrounded by a wealth of amenities catering to all tastes and needs.

The largest structure in the Mohr Logistics Park, Building 6 offers 1 million square feet of class A industrial space in the well-connected Indianapolis submarket of Whiteland.

The redeveloped suburban Philadelphia medical office property brings modern outpatient healthcare services closer to the community.

Pacific Elm Properties’ new trophy Dallas office tower in the Uptown submarket is half pre-leased by the Bank of America.

Seattle’s evolving work culture reflects a shift toward more flexible work environments, blending its rich history with modern amenities to create perfect spots for remote work. From vintage coffee houses with a touch of the Jazz Age to sleek, modern coworking spaces, Seattle offers a variety of atmospheres to enhance productivity and creativity. Whether you’re …

Kobalt Music Group has opted to maintain a presence in the Meatpacking District by renewing its lease at 2 Gansevoort St.
This decision comes after Kobalt previously subleased all of its office space in the nine-story building. According to an anonymous source familiar with the deal, Kobalt signed a new, 10-year lease for a smaller footprint of 10,000 square feet. The asking rent for this space was $115 per square foot.

TNT Services Group has announced the relocation and expansion of its suburban Maryland facilities. The company signed an agreement for 11,501 square feet of flex/R&D building space at St. John Properties’ Milford Town Center in Bowie, Md. It’s expected to move its operations from its current 9,800-square-foot premises in Prince George’s County this summer.

For the latest interview in our Expert Insights Series, we had the pleasure of speaking with Pamela O’Brien, an award-winning luxury interior designer, writer, and speaker. Prior to founding Pamela Hope Designs, O’Brien served as a spokesperson in media and public affairs. She had the opportunity to collaborate with major media networks and contributed to …

One of the first large office buildings to rise in the now renowned retail corridor, The Collection offers some of the best flexible office space in the Los Angeles central business district.

Black Lion — a prominent real estate development company led by Robert Rivani — has announced the acquisition of The Lincoln, a mixed-use property located at 1691 Michigan Ave. in Miami Beach. Black Lion purchased the building for $62.5 million. The sale is the largest of its kind on the Miami office market since 2016.

Which U.S. metros are best positioned to nurture growth and success of life sciences in 2024? We analyzed data on more than 100 MSAs and ranked them accordingly.

Amidst the slowdown in the industrial sector, data centers are proving to be a bright spot. Fueled by the growth of AI and its immense data storage requirements, demand for data center space is surging: According to the latest national industrial report by commercial real estate listing platform CommercialEdge, there was 27.4 million square feet …

Convene, a leading designer and operator of premium meeting, event, and flexible workspace solutions, is expanding its presence in Midtown Manhattan. The company has signed a lease for an additional 22,500 square feet of space at 360 Madison Avenue, where it already operates a successful venue.

The shift toward remote work has not only transformed how we approach our professional lives, but also where we choose to conduct our daily tasks. To that end, Atlanta stands out as a city that blends historical charm with a modern, bustling vibe, thereby making it an ideal backdrop for remote workers in search of …

PUMA inked a deal for 23,000 square feet of office space at Bardas Investment’s Hollywood office at 6345 Fountain Avenue. The move, scheduled for early 2025, will allow the German sportswear manufacturer to bolster its U.S. presence.

A favorite location for companies in the warehousing and fulfillment center business, the Simi Valley industrial space submarket of Los Angeles has been reporting good fundamentals over the past year.

The pandemic-created workspace, mentoring, and networking hub will relocate to accommodate an expansion of services and the fruit of several notable partnerships with key regional entities.

Google increases influence on the region’s tech sector growth with significant investment in new data center infrastructure and specialty job readiness training for youth across the metro.

We ranked the best U.S. cities for flexible careers based on their opportunities for flexible work models, commuting infrastructure and potential for job growth or career changes. Atlanta headlined the national list, although every region had strong contenders when it comes to career flexibility.

The Sandy Springs retail location marks CHEF’STORE’s first in the metro area and is a testament to the affluence of the north Atlanta submarket.

Aiming to achieve LEED Platinum certification, the northwest Dallas office complex in Las Colinas represents Wells Fargo’s first net-positive energy office campus.

I Heart Mac & Cheese — a growing fast-food chain with more than 40 locations across the U.S. — has signed a lease for a new headquarters within Boca Raton, Fla.

The move away from the chain’s previous digs at 621 NW 53rd St. marks an expansion of its footprint in the city. The company is set to occupy a 7,118-square-foot office space at 6600 N. Military Trail, which is part of the Office Depot corporate campus. I Heart Mac & Cheese will relocate about 30 of its employees to the third floor of the building.

Kellen — an association management company that employs about 250 people globally — has relocated its headquarters from Atlanta to Washington, D.C.  The company signed a new lease that expands its footprint at the National Press Building to 32,000 square feet, effectively doubling its D.C. presence.

Since it began investing in this market in the early 2000s, The Siegel Group owns and operates several commercial properties ranging from Las Vegas retail space to hotels, dining, and apartment communities.

Totaling more than 2.5 M SF, including 200 K SF of Miami office space, Mercedes-Benz Places in Brickell is one of the largest projects currently under construction in Florida.

Madison Realty Capital’s Urian Yap acquired the property at 41-60 Main St. on February 7 for $80 million. The Queens property, which houses tenants like Capital One Bank, was among several under mezzanine loans.

AT&T has signed a long-term lease for a five-story office building in Chantilly, Va. The 111,000-square-foot space at 4807 Stonecroft Blvd. will consolidate several of AT&T’s facilities in northern Virginia. The company’s expected move-in date is set for 2025.

WeWork has been renegotiating more than 60 leases across various cities, including Washington, D.C. Discussions include a 14-story office space in the capital’s downtown, owned by Carr Properties, known as Midtown Center.

With this new industrial lease, the leading North American provider of intermodal trucking has grown its footprint to three facilities and more than 800K SF of warehouse and transload space in Jacksonville, FL.

2023 has been a challenging year for the U.S. office market. Despite the return-to-office trend picking up steam, many investors and developers are pivoting towards more creative ways to occupy and monetize new or existing workspaces.

To gauge the impact of these shifts on the overall U.S. office landscape and to highlight the most active markets in terms of top sales values, we compiled a list of 50 of the largest office space transactions in 2023.

With Merck vacating all but one building on its former HQ campus, Onyx & partners announce work will begin at the life sciences NEST Centre in Kenilworth, N.J., with the pilot R&D facility branded 11 NEST.

  For the latest interview in our Expert Insights Series, we had the pleasure of speaking with Elise Cuneo, an interior design leader and strategist for Unispace, a global leader in workplace strategy, design, project management and construction. Cuneo is based in New York via Sydney, Australia. Her collaborative, concept-driven process delivers spaces where organizations …

Global fashion leader H&M will occupy two levels of Miami retail space on the North Block of The Shops at Brickell City Centre (BCC), filling the last remaining retail anchor space at the property and kicking off a new series of leases in 2024.

Since originally joining the tenant roster at the Manhattan office property in 2008, the China Merchants Bank New York Branch has expanded its footprint to become the building’s largest office tenant.

The Empire State Realty Trust signed a lease for 12,000 square feet of office space in its 250 W. 57th St. office property with a commercial real estate platform.

Key Takeaways: Honolulu topped the list due to high rankings in green commuting metrics, like the rates of carpooling, cycling and walking. Madison, Wis., secured the #2 spot with a strong emphasis on cycling, supported by dedicated bike infrastructure and sustainability initiatives. Pittsburgh claimed #3 due to a focus on walkability, showcasing its transformation from …

Trinity Capital Advisors — based in Charlotte and Raleigh, N.C. — and Foundation Capital Ventures, based in Encinitas, Calif., have joined forces to launch “Foundation,” a new platform focused on real estate solutions for the life sciences, technology and innovation sectors across the U.S. Foundation will be led by an experienced team from Trinity, including …

Seaboard Marine — a global, ocean-carrier shipping services provider — has renewed its lease for its industrial base in Medley, Fla., just outside of Miami. The two deals that are part of the agreement include the 208,400-square-foot 8001 NW 79th Ave. and the 88,584-square-foot 7800-7890 NW 80th St., which the company has been occupying since the 1990s.

Law firm Zuckerman Spaeder has announced it will be leasing 41,000 square feet at 2100 L St. NW — a new trophy office space in Washington, D.C.’s central business district. The company is scheduled to relocate its 90-strong team of attorneys and professional staff in the opening months of 2025 upon the building’s completion.

In the opening months of 2024, reports show roughly 97 million square feet of office space in various stages of development nationally, a 28% drop compared to last year’s total. Boston stands out both in terms construction volume (measured in total square feet), as well as the share of new office developments within its stock.

Manhattan is taking a step back in 2024, with a much more modest 3 million square feet currently in its pipeline, while San Francisco, Seattle, San Diego are witnessing upticks in their development volumes year-over-year.

The Greater New York Mutual Insurance Company recently joined the tenant roster of the prestigious Empire State Building with a full-floor lease totaling 52,000 square feet of trophy Manhattan office space.

San Francisco-based industrial operator Terreno Realty has kicked off the redevelopment of a Los Angeles-area industrial property located in Gardena, Calif. The redevelopment will turn the property into a three-building asset totaling 228,000 square feet of industrial space in the historically undersupplied market.

The future headquarters location is part of the 3 Crossing project that is still being developed in the East Pittsburgh Strip District neighborhood, part of the now famed Robotics Row.

The latest installment in our Expert Insights series has us tackling the process of converting older buildings into modern office space. So, who better to ask than an expert in the architectural industry? Meet Andrew Werner, Senior Associate Principal at Kohn Pedersen Fox (KPF). Andrew received his Bachelor of Architecture with honors from Carnegie Mellon …

The preferred connectivity partner for the one-of-a-kind Brooklyn campus signed a lease spanning two decades to provide infrastructure, connectivity, colocation, cloud services, and more to the companies at Industry City.

David Yurman first moved into the Hudson Square building in 2002, when it inked a lease for 65,000 square feet across 2.5 floors. A few years later, the company expanded its headquarters by another 53,500 square feet. Finally, following this most recent deal, the company tacked on an extra 32,200 square feet.

Gathering operations on the fourth floor of UnCommons Office Building Four will represent the largest office footprint that Wells Fargo Advisors has in the Las Vegas valley.

Healthpeak Properties gets green light for Vantage Phase I and Vantage Phase II at massive South San Francisco life sciences campus.

We looked at 160 markets to find the best office space price and where our hypothetical rent budget of $120,000 per year (or $10,000 per month) would stretch the most.

The canned drink manufacturer nearly tripled its total industrial space footprint, with this sizeable expansion into the Fort Worth market. The deal also marked one of the largest leases to close in 2023.

The luxury boutique will expand the Tribune Tower’s contribution to the variety of dynamic street retail options that the Magnificent Mile has to offer.

The new Sheppard Mullin headquarters will occupy floors 39 through 42 of the 52-story Bunker Hill building, which includes 1.4 million square feet of Los Angeles office space.

The Addison Innovation Center boasts a strategic North Dallas location within convenient proximity of major highways and transportation hubs.

Novo Nordisk will occupy the entire 165,000-square-foot R&D office property at 60 Sylvan Rd., currently in redeveloped for delivery in 2025.

Overall, younger respondents are less content with the state of their work-life balance. Among resolutions for 2024, respondents mainly aim to reduce workplace stress and spend more time with loved ones to improve the balance between their work and personal lives.

The expansion project will bring Ionis Pharmaceuticals’ life sciences and office campus in Carlsbad to a total of more than 400,000 square feet across four buildings.

Solomon Partners will be expanding its U.S. headquarters through a new lease at 1251 Avenue of the Americas. Formerly known as the Exxon Building, the 2.4-million-square-foot Manhattan office tower now owned by Japanese real estate developer Mitsui Fudosan will be the new home of Solomon following the signing of a 15-year agreement. The company will occupy roughly 71,000 square feet on the entire 32nd floor and part of the 31st floor of the property.

Safe Horizon has announced its relocation to a 20,000-square-foot space near downtown Brooklyn. The organization — which focuses on providing support to victims of violence — will occupy the sixth floor of Quinlan Development Group’s 41 Flatbush Ave., also known as the Pioneer Building.

RectorSeal — a global manufacturer and distributor of quality HVAC/R and plumbing products — is part of a growing list of companies moving its operations from the Los Angeles basin to the Tejon Ranch Commerce Center (TRCC). The company is set to take up half of the 480,000-square-foot industrial space at 5205 S. Wheeler Ridge Road in Arvin, Calif., a property owned by a partnership of Tejon Ranch Co. and Majestic Realty since 2017.

M&C Saatchi Group closed on a deal that will result in a 40% reduction of its office footprint in New York City: The company signed a 10-year agreement for 13,000 square feet at 16 W. 22nd St., where it will occupy the entire ninth floor of the GFP Real Estate-owned building. Asking rent was $46 per square foot.

With the rise of generative AI and the emergence of other technologies, some jobs are bound to skyrocket in demand while others may become obsolete. However, some locations may offer a greater chance at a future-proof jobs through their business landscape, job opportunities and more.

Golden Eagle Group secured two new leases totaling roughly 90,000 square feet at its office property in Falls Church, Va. One of the tenants is California-based defense tech company Areté Associates, which has inked a deal for 65,000 square feet of office space. Hazardous material disposal company Chemtrec — which will occupy more than 25,000 square feet of space in the eight-story building — is the other new arrival.

GTN closed on a five-year lease deal for its first New York City office at the RXR-owned 32 Old Slip building. The fintech company will occupy roughly 3,300 square feet of office space on the 32nd floor of the 36-story property that’s located within the city’s Financial District along the Water Street corridor. Asking rent was $66 per square foot.

Quinn Emanuel Urquhart & Sullivan has opened its new headquarters in the renovated Textile Building at 295 Fifth Ave. in Midtown South. The global litigation firm is the first tenant in this landmark building, leasing 132,000 square feet of space. Previously associated with the city’s garment industry, the Textile Building has undergone an impressive transformation …

Quadrature signed a decade-long lease for 30,000 square feet of prime Manhattan office space on the fourth floor of Kushner Companies’ Puck Building. The company will be moving into space vacated by New York University, which decided to terminate its lease at 295 Lafayette St. after a 20-year stay.

Travelers is set to occupy more than half of the office space at 21680 Gateway Drive following a move from the neighboring 21688 Gateway Drive — an 81,000-square-foot office building that was part of the former Gateway campus.

BBVA will be relocating and expanding its offices to Two Manhattan West — a 1.9-million-square-foot, Brookfield Properties-owned building near Penn Station. The firm will take up 74,000 square feet of office space across the eighth and ninth floors to accommodate its staff of roughly 350 employees currently running U.S. operations.

Mullen Automotive will occupy the former site of Kraft Heinz Lunchables in Fullerton, Calif. The company signed a five-year, triple-net lease deal with Link Industrial for a 121,615-square-foot warehouse at 1500 E. Walnut Ave. Negotiations on behalf of the landlord were conducted by a CBRE team consisting of Ben Seybold and Sean Ward. The lease rate was $2.01 per square foot.

Janssen Supply Group, a subsidiary of Johnson & Johnson, has become the first occupant of a biopharmaceutical manufacturing facility in Holly Springs, N.C. This $2 billion project, developed by FUJIFILM Diosynth Biotechnologies (FDB), encompasses 1 million square feet and is expected to be fully operational by 2025. Located in the Triangle region and just 20 miles …

A recent analysis by CommercialEdge of nearly 80,000 office properties in the United States, with a combined debt of $920 billion, revealed that 16% of all outstanding loans are expected to mature by 2024, with a second, larger wave of maturities totaling 33% by 2026. The majority of these maturing loans are located in major markets, with Manhattan, Class A properties, and urban areas leading the way.

HS Capital Fund secured two leases totaling 16,000 square feet at its newly renovated Fort Lauderdale, Fla., office space at the Cypress Corporate Center. One of them was for 6,166 square feet on the building’s fifth floor, which will be occupied by land-surveying consultancy firm Control Point Associates, while insurance brokerage Morgan Fidelity will move into a 9,906-square-foot office.

TEDCO will occupy 9,258 square feet of space at 10960 Grantchester Way, leaving behind its current home at 7021 Columbia Gateway Drive. The move, which TEDCO had been building toward for more than a year, marks a downsizing from its previous 11,816-square-foot office as it adapts to a hybrid work model in the aftermath of the pandemic. If not for the early exit, TEDCO’s lease at 7021 Columbia Gateway would have expired in 2026.

The rise of remote and hybrid work models, along with the increasing popularity of flexible work arrangements, has significantly contributed to the growth and expansion of the coworking industry. As a result, the demand for coworking spaces has soared, and coworking companies have emerged as key players in the modern work landscape. So, to provide …

Tishman Speyer and Harvard University have joined forces to celebrate the groundbreaking of the Enterprise Research Campus — a nine-acre, mixed-use life sciences project in Boston. This collaboration with The Harvard Allston Land Co. marks the beginning of the construction of the first phase of the Enterprise Research Campus, which is set to be completed …

Brandywine Realty Trust and Drexel University have completed the structural framework of 3151 Market — a 14-story, life sciences building located in Philadelphia’s University City district. The building is part of the Schuylkill Yards mixed-use development and is expected to be completed in 2024. With a total area of 417,000 square feet, 3151 Market offers …

Miami International Securities Exchange (MIAX) will be moving into a 38,409-square-foot office at 545wyn in Miami’s Wynwood Arts District. The lease — which will cover a full floor in the newly built, 10-story building — was confirmed by Juan Ruiz, vice chairman of Blanca Commercial Real Estate, who negotiated the deal on behalf of landlord and developer, Sterling Bay. The 270,000 square feet of office space at 545wyn is now 82% leased.

The Spiral — a 2.8-million-square-foot office skyscraper located at 66 Hudson Blvd. in Manhattan — has officially opened. Developed by Tishman Speyer, this 66-story tower stands at a height of 1,031 feet (314 meters), making it the first supertall skyscraper and commercial high-rise architecture project in New York City by Bjarke Ingels Group (BIG). The …

Iconiq’s move to a much larger Manhattan office is a sign of the rise of the wealth management industry. The San Francisco-based wealth management company is set to occupy 70,000 square feet of prime Midtown office space in the 20-story property, nearly doubling its footprint in the city.

The biomedical research unit and medical school now occupies a total of 300,000 square feet of office space in Midtown Manhattan and is the largest tenant at the 35-story building.

The coworking industry in Raleigh-Durham, N.C., is experiencing significant growth, despite a slowdown in national growth. According to a recent report by CoworkingCafe, the number of coworking spaces in the Raleigh-Durham metro area increased by 13% between the second and third quarters of 2023. This growth rate is considerably faster than the national growth rate …

Blue Ridge Industrial (BRI), a Dallas-based real estate private equity firm, recently completed the acquisition of a 28-property industrial portfolio in North Carolina’s Triad region. The properties — located in Kernersville near Winston-Salem — cover a total area of 1.4 million square feet and were purchased for $105 million. At the time of the sale, …

In the fast-paced world of commercial real estate — where making informed decisions is crucial — we offer a handpicked selection of top-tier podcasts designed specifically for passionate commercial real estate enthusiasts. These podcasts offer expert insights, in-depth analyses and practical advice that are highly relevant to your interests. Whether you’re commuting, walking or jogging, …

Third-party logistics firm LAX Freight Delivery has closed on a lease deal that will enable it to occupy the entire 123,000-square-foot warehouse at 2187 Garfield Ave. in Commerce, Calif. The agreement represents an upgrade for LAX Freight and will increase its footprint in the Los Angeles County warehousing market. A JLL team consisting of Jon Reno, Mark Vanis, Trevor Gale and Sage …

New York City-based Blue Owl Capital is in the midst of completing the largest single-property industrial acquisition in the Inland Empire, Calif., warehousing market in more than two years. The asset management company dished out a staggering $219 million for the LEED-certified Watson Logistics Center in Apple Valley, Calif. The move to acquire the 1.3-million-square-foot warehousing …

Alexandria Real Estate Equities is launching its first campus in the Houston market, introducing a $201.5 million, 325,000-square-foot, multi-tenant development. The Alexandria Center for Advanced Technologies at The Woodlands — located on 12 acres at 8800 Technology Forest Place — features the area’s first purpose-built, Class A laboratory structure. The inaugural building of the campus …

Walmart has unveiled a new fulfillment center in Lancaster, Texas, near Dallas. The expansive facility spans more than 1.5 million square feet and is part of a series of four centers announced by the company last year. The primary goal of this center is to provide fast shipping services, thereby allowing 95% of the U.S. …

Business advisory and investment banking firm Chesapeake Corporate Advisors agreed to a 5,283-square-foot lease at 1001 Fleet Street, in Baltimore’s Harbor East neighborhood. The nine-story, 270,000-square-foot mixed-use property managed by Harbor East Management Group features roughly 163,000 of Class A Baltimore office space. Joe Bradley, Senior Vice President, and Principal for MacKenzie Commercial Real Estate Services brokered the …

From entertainment to medical research and government administration, machine learning and artificial intelligence applications have increasingly permeated our lives and culture.

After two decades at 14 Wall St., coworking operator Regus decided to ink a new long-term deal in the IBE Trade-owned building. The company is set to occupy roughly 37,000 square feet of office space across the entire 20th floor of the property. The asking rent was $50 per square foot, and the lease agreement will be …

After spending five years in the Garment District, online advertising platform adMarketplace signed a sublease that will allow it to move its operations to a new Midtown office space just two blocks south of Grand Central. The company will be doubling its corporate headquarters’ footprint to occupy 39,253 square feet at 90 Park Ave. Asking rent was …

The tech sector is currently experiencing a decentralization by expanding beyond traditional hubs to include new metropolitan areas across the U.S. with a particular focus on the South. This trend is evident in the recent relocations of major tech companies — like Hewlett Packard Enterprise, Oracle, Tesla, Google and Apple — to tech powerhouses along …

New Heights Industrial Park in in Hagerstown, Md., secured two new tenants at the 900,000-square-foot property owned by Bluestone Group and The Langer Company. Tomu — a prefabricated modular building systems startup — inked a lease for 15,000 square feet of industrial space, while Pycube — a Sterling, Va.-based company that provides asset management and …

Kelley Drye & Warren has joined the ranks of other major law firms in the Washington, D.C. area in reassessing its office space needs: The firm will move out of its workspace in the city’s Georgetown neighborhood and take up 65,000 square feet at The Wharf — an 11-story building along D.C.’s waterfront that was developed …

Leasing (or buying) an office is one of the most important decisions you could make as a business owner, so you need to do it right. However, finding the ideal office space for your new business can be a daunting task. That’s because, as you’re exploring the market for a workplace that meets your needs, …

Ramp, a New York-based fintech startup, is moving to a new office in the Flatiron District. The company will sublease 66,000 square feet on the entire second floor of The Home Depot building at 28-40 W. 23rd St. The space is currently occupied by Microsoft, and Ramp’s long-term lease will go into effect once the …

From university hubs to bustling downtowns, here are the best metros for tech in the U.S. Northeast, ranked.

Leading real estate firms Black Salmon and The Allen Morris Company have announced plans to develop Highland Park Miami — a $1 billion, mixed-use project that will span seven acres and increase the footprint of the Miami Medical District by approximately 10%. The campus is expected to become one of Miami’s most significant developments in …

We already know that the industrial real estate sector has been one of the strongest commercial real estate performers as of late. However, with deliveries already slowing down, CommercialCafe gathered industry experts’ opinions on what the market might look like in the next few years. Specifically, we asked them about the biggest challenge facing the …

F.L.Putnam — a Portland, Maine-based financial planner — is relocating and expanding its office space in Midtown East. Having signed an 11-year lease for a workspace on the sixth floor of 445 Park Ave., the investment adviser is scheduled to move into its new, 6,000-square-foot premises by early December. According to the brokers, the asking …

Virtru, a data security and privacy company, has opened its new headquarters at 1801 Pennsylvania Ave. NW in Washington, D.C. The company had signed a lease for the 17,000-square-foot space in November 2022. Virtru’s new headquarters, called the Hub, is designed to act as the focal point of the local cybersecurity community. “Innovation has always …

For decades, the Midwest was known as the industrial heartland of the nation, and the place where the goods, tools and machinery that drove the U.S. economy were produced. But, as a wave of deindustrialization hit the region starting in the 1980s, Midwestern cities were faced with the challenge of rebuilding their fortunes in a …

Genius Sports will be moving to its new headquarters in New York City after reaching an agreement for a lease deal at 825 Third Ave. Specifically, the sports data and tech company is set to occupy a pre-built, 11,900-square-foot prime Midtown office space at The Durst Organization-owned property as it moves on from its current …

Activewear designer 32 Degrees and shoe brand Geox have signed deals at the L.H. Charney-owned 1410 Broadway property. The 34-story office tower — originally built in the 1930s — is located between West 38th and West 39th streets in Manhattan’s Garment District. The largest of the two leases was a 12,000-square-foot expansion for 32 Degrees, which …

Law firm Greenberg Traurig renewed its longstanding lease at the Wells Fargo Center, a 47-story office space in Miami owned by Metlife. A Cushman & Wakefield team of Brian Gale, Ryan Holtzman, Andrew Trench, and Edward Quinon represented landlord, while Newmark’s Michael Shuler, Jeremy Hakala and Clay Sidner conducted negotiations on behalf of the tenant. At a time when many companies have opted …

Given the growing trend towards hybrid work, being purposeful about one’s networking efforts has become even more crucial in career advancement and a company’s success.

So, because cities play a big part in nurturing a business-friendly environment and creating the spaces and opportunities that incentivize people to come together, we decided to look at 20 best places to network in the U.S.

Genetec Inc. — a Canadian security and technology company — has entered the greater Washington office market by signing a lease for part of the 25th floor of 1000 Wilson Blvd. The Montreal-based company is expected to move into the 31-story office tower owned by Monday Properties in Rosslyn, Va., by October. Throughout the negotiations, Genetec …

BlueCrest Capital Management — a British-American hedge fund co-founded by billionaire Michael Platt — has signed a new lease at 450 Park Ave. The company agreed to a 15-year deal and will occupy 21,640 square feet of space across the 30th and 31st floors of the SL Green-owned Midtown office space. Asking rent in the …

KKR — a New York-based global investment firm — has opened a new office in Century City in Los Angeles. Located at 2029 Century Park, the 6,000-square-foot space will initially house the firm’s real estate, private equity, private wealth and institutional client relationship teams. The office is expected to eventually accommodate 25 to 30 executives. …

This move marks a significant expansion for the agency, which is currently located at a Douglas Emmett property near Miracle Mile and Museum Row in Los Angeles.

New leases signed by Circle Realty Group at 14 Penn are part of Manhattan office lease activity driven by small businesses who occupy smaller footprints in flexible multi-tenant developments.

For the latest installment of our Expert Insights series, we had the pleasure of talking with Mo Fahim, the intelligent building technology practice leader for ESD –  a leading global engineering firm specializing in mechanical, electrical, plumbing, fire protection, life safety, structural and technology engineering. He’s focused on the exciting, uncharted waters of digital transformation …

For our latest interview in the Expert Insights series, we had the pleasure of speaking with David Lari, a partner at Cox, Castle &  Nicholson LLP, one of the largest full-service law firms specializing in real estate in the United States. One of California’s leading transactional attorneys specializing in complex commercial real estate matters, Lari is …

The Durst Organization secured one of the largest office lease deals in Midtown so far this year with the signing of the Empire State Development Corp. (ESDC) at 655 Third Ave. The state agency signed a 20-year agreement for roughly 117,000 square feet of space and is moving its headquarters to the 30-story building from …

After securing the renewal of its Florida headquarters — in what was South Florida’s largest office lease of 2022 — UKG has made now a move to expand its footprint by an additional 14,000 square feet of office space in Weston, Fla. This brings the software company’s total in the Weston Pointe office campus to …

Self-storage has been emerging lately as a viable storage alternative for businesses, due to its versatility, affordability, and availability. Self-storage can solve many common problems that businesses, big or small, have when it comes to easy access to storage space for things like documents, tools and equipment, vehicles, merchandise and so on. From an accountant …

Los Angeles-based Oak View Group has inked a new deal that will allow it to move into its new premises at 299 Park Ave. — a 1.2-million-square-foot office space in Midtown East currently owned by Fisher Brothers. The sport arena and venue developer and operator will occupy 18,187 square feet of office space across the …

Kansas City, Mo.-based reinsurance company Lockton Re has signed a contract for its new headquarters at 261 Fifth Ave. The 10-year contract will secure 19,326 square feet of office space in Midtown Manhattan to occupy the entire 10th floor of The Feil Organization-owned tower. According to the landlord, the asking price was $65 per square …

Affinius Capital — formerly known as Square Mile Capital — has signed a deal to move its New York operations to 277 Park Ave. The company — which provides debt to commercial real estate projects — is currently located at 350 Park Ave., only a few blocks south of its new premises. The 12-year lease …

Commercial real estate conventions and events can work wonders in keeping you up to date with the latest industry trends and expanding your CRE network. Here are some of the most promising CRE events and conventions in the second half of 2023 in the U.S. and more.

Graviton Bioscience — a developer of therapeutics to treat autoimmune diseases — recently closed on an agreement to become the first tenant at West End Labs in Manhattan. The company will occupy 30,000 square feet of space in the 400,000-square-foot building owned by a partnership of Nuveen Real Estate and a Taconic Partners subsidiary called Elevate …

Eastern Los Angeles Regional Center (ELARC) — a nonprofit organization that coordinates and provides community-based services to individuals with developmental disabilities — inked a decade-long lease at The Alhambra, a 1-million-square-foot office campus located 1000 Fremont Ave., just six miles from downtown. The deal will see ELARC increase its footprint at The Alhambra by 23,345 …

Japanese real estate developer Mori Trust acquired a minority share in 245 Park Ave., a 44-story Midtown office space acquired by SL Green Realty in a bankruptcy sale last year. The deal — which is the largest to date in New York City — was valued at around $2 billion and included the assumption of …

When considering a move to a new city, the cost of living and job opportunities are likely to be two of the highest priorities on any Gen Zer’s list. So, to determine the best cities for Gen Zers on an economic basis, we created a group that included three relevant metrics — cost of living, jobs for recent graduates and unemployment rate.

Steel Products Inc. — a woman-owned company founded in 1954 — recently closed on a deal for 15,000 square feet of flex industrial space at 4724 Arcadia Drive in Frederick, Md. The 48,120-square-foot building is part of Arcadia Business Park, a 61-acre development located off the MD Route 85 (Buckeystown Pike) that currently features four …

American multinational law firm Holland & Knight has renewed its lease at 701 Brickell. The company will hold the same footprint (roughly 121,000 square feet spread across six floors) within the Nuveen Real Estate-owned Miami office building. A Cushman & Wakefield team comprised of Brian Gale and Edward Quinon represented the landlord, while CBRE’s Todd …

San Francisco-based CloudVO – an online reseller of virtual offices, meeting rooms and other workplace services – has officially joined the ranks of the Yardi commercial real estate listings network. A global leader in real estate software solutions, Yardi’s network includes listing platforms such as CommercialCafe, CommercialSearch, PropertyShark, as well as CoworkingCafe – a site …

Medical equipment company ResMed Motor Technologies has announced the relocation of its manufacturing facility from Chatsworth, Calif., to Calabasas, Calif. The company signed a 15-year lease at an R&D industrial building at 26801 Agoura Road, which is owned by Cypress Land Co. ResMed is expected to move in at the beginning of 2024. Mike Tingus …

Tower 40 — a 431,350-square-foot Manhattan office space — recently signed agreements for four new leases totaling roughly 47,160 square feet. Formerly known as Chase Tower, the property is located at 10 E. 40th St. and is currently owned by Madison International Realty in partnership with Joseph P. Day Realty. The largest of the four …

THRIVE | Coworking — a flexible workspace operator that aims to provide support and work alongside the communities it’s embedded in — has announced the opening of its new facility in Cumming, Ga., part of the wider Atlanta metropolitan area. Located at 2100 Westshore Drive, the workspace is scheduled for completion by mid-year. “Many professionals …

Morgan Stanley is set to expand its existing lease at the Financial Center at the Gardens, a 10-story office space in Palm Beach Gardens, Fla. The investment bank has signed on for another 12,000 square feet of space at the New York Life Real Estate Investor-owned property, bringing its total footprint to 39,296 square feet. …

Months after transferring ownership following a foreclosure sale, the office tower at 444 S. Flower St. in downtown Los Angeles is on the cusp of a reversal of fortune as current owner Oaktree Capital Management has secured a loan extension for the property. According to property records, the 48-story building will receive roughly $259 million …

Electronics giant Samsung will be moving part of its operations in New York City to Vornado Realty Trust’s Penn 1. The company signed a 10-year lease for 36,000 square feet across the entirety of the 26th floor, paying an estimated $100 per square foot. JLL’s Matthew Astrachan and Simon Landmann represented the tenant during the negotiation process, while Josh …

Specialized Freight Carrier signed a lease deal at Weston Commerce Park, a Class A warehouse owned by EastGroup Properties. The tenant – a third-party carrier for 3PL that specializes in delivering goods between Florida and the northeast United States – will occupy the entirety of the 134,400-square-foot building located at 1951 N. Commerce Pkwy. Negotiations …

With 20% of the workspace already leased, the Washington, D.C. coworking space can accommodate up to 225 people across its 30 offices and three suites. Catering to individuals or teams of up to 100 people, a range of modern amenities will be offered, from phone booths and private meeting rooms to wellness rooms and kitchenettes.

After a quarter of a century spent at the 14 Penn Plaza, Mueser Rutledge Consulting Engineers (MRCE) has decided to continue calling the Midtown office building its home for the next 15 years. The structural engineering firm renewed its lease for 40,000 square feet of space at the Circle Realty Group-owned office tower. The company’s footprint …

For this installment of our Expert Insights series, we had the pleasure of speaking with David Martin, CEO of Miami-based development firm Terra. Mr. Martin has cultivated a portfolio of more than 5 million square feet of residential and commercial real estate valued in excess of $8 billion. The firm is active across all major …

San Francisco-based flex office space provider Pacific Workplaces has renewed its 10-year lease for 14,090 square feet of coworking space in Pleasant Hill, Calif. Located at 3478 Buskirk Ave., the building is owned by Graham Street Realty and set within the Hookston Square Office Park. The flex office features 51 private offices, meeting rooms, virtual …

In an attempt to determine which metro areas are some of the most attractive destinations for Millennials, we have conducted a two-part study of both large and midsized metros to highlight their performances across a variety of metrics.

Nixon & Vanderhye — a law firm with global reach and specializing in intellectual property — has signed a new, long-term lease for 26,000 square feet of office space at Arlington Gateway, a Piedmont Office Realty Trust building in Arlington, Va. The new agreement will lead to a reduction in the firm’s footprint at the …

601W Companies — a New York-based investment group — has secured $375 million in acquisition financing for Harborside 1-3, a three-building office property in Jersey City, N.J. Part of the loans will also go toward renovation efforts at the more than 2-million-square-foot office complex flanking the Hudson River. Approximately $225 million of the total mortgages was …

Premier Workspaces recently opened a new coworking space in Los Angeles’ Century City, signing a 10-year lease with the Irvine Company for 14,500 square feet at the iconic 2121 Avenue of the Stars (formerly Fox Plaza). The new office space will be shared with the Irvine Company, marking the 10th such arrangement between the two …

Virtual health care company Teladoc has signed a long-term lease at 10 Grand Central in Manhattan. The company will be relocating from its previous premises near the Penn Station area by the end of this year, when it will occupy 7,000 square feet of prime Midtown office space on the 16th floor of the Marx …

Representation is a key early element in women’s eventual success. While improvement in this sense has been slow, some cities in the U.S. have made more progress than others.

Despite last year’s setback (when Meta announced it would not renew its leases at several Related Companies-owned properties), the real estate developer recently closed on a string of lease deals totaling roughly 77,000 square feet of prime Manhattan office space at 50 and 55 Hudson Yards. The new tenants include financial planner J.F. Lehman & …

Blackstone’s efforts to trim its southern California portfolio continue with the recent unloading of two office buildings in Santa Ana, Calif. Specifically, the 560,000-square-foot Griffin Towers at 5 and 6 Hutton Centre Drive recently changed hands for $82 million, or about $146 per square foot. Newmark mediated the negotiation for both sides. Kevin Shannon and …

The Atlantic Council — a Washington, D.C.-based think tank specializing in security, defense, economics, politics and diplomacy — announced the closing of a new lease deal for 79,671 square feet of office space at The Aleck, which was previously owned by The Meridian Group. According to CBRE, the agreement was the largest new lease signed …

Marx Realty — a New York-based owner, developer and manager of commercial real estate assets across the U.S. — announced the signing of two new leases at 10 Grand Central: Law firm Lewis Baach Kaufmann Middlemiss and glass partition manufacturer MetroWall will be moving into the 432,381-square-foot Midtown office space. JLL’s Mitchell Konsker, Kyle Young, Simon Landmann, Carlee Palmer and Thomas …

Beverly Hills-based film and TV production company Fifth Season has penned a lease deal for 65,000 square feet of office space in West Los Angeles. Formerly operating under the name of Endeavor Content, the company will be the first tenant in the 550,000-square-foot Lumen campus in Sawtelle, Calif. The property is owned by McCarthy Cook …

On Wednesday, prospective bidders assembled on the steps of the Manhattan County Courthouse to participate in the auctioning process of the historic Flatiron Building. As the dust settled, Jacob Garlick’s Abraham Trust beat one of the property’s previous owners — Jeffrey Gural of GFP Real Estate — following a $190 million bid. Matthew Mannion of …

Cities rise and fall based on the decisions they make regarding the best use of their resources — whether that’s the local talent pool, housing stock or business environment. And, contributing to all of these is the fundamental issue of how to manage and optimize the allocation of unused or underutilized land that can sustain …

Logistics Plus — a leading worldwide provider of transportation, warehousing, business intelligence and supply chain solutions — has secured a five-year deal to lease a 374,000-square-foot industrial space in Riverside, Calif. Owned by Trammell Crow Company (TCC) and located at 300 Palmyrita Ave., Columbia II sits on 19 acres in the city’s sought-after Hunter Park …

Fintech company Novo Platform is the latest name to sign a lease at Miami’s 801 Brickell, following recent deals inked by São Paolo-based digital bank Banco Master and French banking giant BNP Paribas. Novo is set to occupy 18,450 square feet on the building’s 22nd floor for the next 12 years. It’s expected to move …

The years following the onset of COVID-19 have led to a series of changes in the wider economic landscape. These then prompted the real estate industry to adapt to the pandemic’s many ripple effects, including the current inflationary environment, the rise of interest rates following a decade of quantitative easing, and fears about a looming …

For our latest interview in the Expert Insights series, we had the pleasure of chatting with Aaron Rudenstine. Aaron is the CEO of ButterflyMX, a Venture Partner at 3L Capital, and an Investor at Omaze, FilmRise, Button, PINATA, Clear Ballot Group, Parallel Wireless, Bling Capital, and Reddit. Before that, Mr. Rudenstine was the Co-Founder of …

Rudin Management — one of the largest owners, operators and developers of best-in-class real estate in New York City — announced a new lease at its Midtown office building at 3 Times Square: Touro University signed a 30-year deal to expand its already-significant footprint in the 30-story building by an additional 66,000 square feet. With …

Leonora Georgeoglou is a National Workplace Sector Leader at HED. In her more than 20 years in the A/E industry, her career has ranged from overseeing the technical details of multi-floor office high-rises to leading executive and facilities teams through visioning sessions for hundreds of millions of dollars in design work. Throughout her career, she …

By: Ascendix In a year of swollen costs and constant budget squeezes, many people kick technology investments into the long grass to weather the storm of the current economic downturn. However, according to Deloitte, avoiding all technology investments can be rather short-sighted, especially for industries as data- and marketing-heavy as real estate. With that in …

Oxford Properties Group has completed the purchase of 92 Crowley Drive for $125 million. The 120,000-square-foot, state-of-the-art asset is in the life sciences submarket of Marlborough, Mass., and is near completion. Biotech manufacturer Resilience (National Resilience) sold the facility to Oxford in a sale leaseback deal and will continue to occupy the property for up …

Coworking provider Lucid Private Offices has inked a 31,000-square-foot lease at a newly built class-A building set within the International Business Park in Plano, Texas. JLL’s Trevor Franke and Gini Rounsaville represented the landlord, Billingsley Company, while the tenant was represented by John Pelletier and Austin Studebaker of CRESA. The upscale coworking provider, formerly known …

Spark, the coworking brand from Cordish, is set to move into the southeast corner of the repurposed Choctaw Stadium. Comprising 30,000 square feet across two levels, the coworking space in Arlington, Texas, features both private and shared workstations; 61 private offices; 17 suites for up to seven people; meeting rooms for teams of up to …

For our latest installment of the Expert Insight Series, we had the pleasure of speaking with Meagan McCollum, assistant professor of finance at the University of Tulsa. Meagan received her PhD in Finance from Louisiana State University in 2015. Dr. McCollum has been a part of the American Real Estate and Urban Economics Association since …

In a city as diverse, exciting and glamorous as Los Angeles, it’s not hard to find an equally effervescent coworking scene, ready to entice professionals and some of the biggest names in the business with top-tier amenities and that extra special something. Coworking spaces in Los Angeles are all about helping you and your business get …

Given the recent context of the fundamental changes in how and where people work, CoworkingCafe has released a ranking of the largest coworking operators in the U.S.

The coworking industry in California has greatly benefited from the tech boom, and coworking spaces in San Francisco are more popular than ever, thanks to the region’s large numbers of tech workers and solopreneurs. Until recently, coworking was mostly popular with freelancers or smaller startups that couldn’t afford a long-term office lease, but still needed …

A selection of Brooklyn coworking spaces that offer top-notch amenities and strong and unique community character.

Due to the pandemic, going to your workplace in the last couple of years might have been difficult. COVID-19 certainly changed the way office spaces are being designed moving forward. And, because every new year comes with new challenges and opportunities, CommercialCafe wondered what 2023 had in store for the commercial interior design sector. So, …

Manhattan & Boston lead the list of office projects under construction
Austin, Charlotte & Nashville on course for largest projected market expansions
Largest office development in the pipeline is Brookfield’s 2 million-square-foot Midtown tower
Arlington and Chicago offices highest ranking under construction projects outside of NYC
Construction of nearly 1 million square feet of Amazon-leased office space on hold in Bellevue

A short list of the most appreciated coworking spaces in Boston, with excellent modern amenities and unique themes.

With a strong financial sector, booming tech industry, and enviable weather, Miami is the economic heartland of South Florida and home of a growing number of telecommuters. With this in mind, it should come as no surprise that Miami coworking spaces are among the most sought-after in Florida, with a growing number of locations offering …

Manhattan is the epicenter of global finance and home to a plethora of other industries. With tech and freelancing growing ever larger, Manhattan coworking offices followed suit, becoming more and more amenity-rich and attractive for freelancers. We compiled a list of some of the best coworking spaces in Manhattan, from shared spaces in some of the city’s most recognizable office buildings to other spaces offering specialized amenities and services.

Midtown manhattan’s 245 Park Ave. was 2022’s most expensive office sale. However, the top 10 list included 8 other markets, underlining the degree of interest that commercial real estate investors have for office markets besides NYC.

With the city becoming a veritable magnet for both startups and the big names of the tech and business world, Houston coworking spaces have played a vital role in providing flexible and scalable workspace solutions for both new and established companies. However, with so many good options around, the task of sorting through a large number of …

The coworking space scene in Chicago has something for everyone: solopreneurs, small teams, or a business in need of a brainstorming venue. Here are some of the best options in town!

Coworking spaces in Austin represent the way in which the city has reinvented itself, all while continuing to nurture a collaborative spirit. And, at the root of the city’s growth is an intensely creative spirit that entrepreneurs and startups alike embrace. Plus, for many of us, the way we work is reinventing itself. So, it’s …

Building tech hubs is no small task, especially on the West Coast where Silicon Valley’s pull has been nearly unrivaled for several decades. Despite that, Denver has played its cards well, betting as much on its top-tier learning institutions’ ability to attract young talent as on its laidback, outdoors-loving charm (not to mention its relative affordability compared to other tech hotspots).

However, one of the most significant markers of the city’s success as a creative powerhouse is the wealth and diversity of coworking spaces in Denver. So, because choosing the right one out of an ever-growing list of enticing listings can be daunting, CommercialCafe compiled a list of the most attractive shared spaces to get you started.

The private equity firm’s expansion coincides with a number of important shifts in the New York office market. As part of a wider effort to downsize and consolidate its office portfolio across the U.S., Meta spent roughly $413 million terminating leases in the third quarter of 2022, with an additional $900 million directed toward office realignment in the fourth quarter. Likewise, other tech companies — which had been the major driving forces behind office development in recent years — have also taken a more cautious stance amid layoffs and increasing costs of borrowing.

In the last three decades, the tallest skyscrapers have mostly concentrated in Asian markets, though the U.S. also has several supertalls in the works. Check out our ranking to find which are the tallest skyscrapers planned in the U.S. and worldwide.

Yardi is pleased to announce the inclusion of its CommercialEdge Listing Network within the RealNex’s MarketPlace listing syndication capability. The partnership will introduce more than 75,000 new for sale and lease listings to the network’s 2 million visitors.

The company’s plan is to build two properties — linked via “an above-grade connection” — that would encompass lab and office spaces, along with ground-floor retail; an area for community gatherings or nonprofit use; and two levels of below-grade parking. The project would also include a landscaped pedestrian plaza connecting Washington Street and Shawmut Avenue.

Built in 2001, 300 Kimball was most recently renovated in 2013. It had an occupancy rate of 87% at the time of the sale. Specifically, the property’s tenant roster includes the likes of commercial property insurer FM Global; medical device manufacturer and distributer embecta; engineering and environmental consulting service provider Langan; and Western World Insurance/AIG.

Dallas-based Howard Hughes closed the year with string of leases at its 115,000-square-foot office space in downtown Columbia, Md. Three new tenants are set to join the roster: Ellie Mental Health is the first, set to move in by April. The mental health provider will occupy 3,800 square feet at 60 Corporate Center. It will …

The property at 3 Times Square — also known as the Thomson Reuters Building — was built in 2001 by the Rudin family, who have been invested in upgrading the property throughout the last couple of years. Architectural firm FXCollaborative was brought in to redesign the building’s lobby and handle the integration of other improvements, such as the touchless entry system; a new elevator system; and an amenity space on the 16th floor with a dining area and a coffee bar, as well as a conference and event center.

Beyond the pandemic, digital technology integration has had a more notable contribution to the decline in some of these occupations across the decade we surveyed.

In 2021, construction and rehabilitation work began to reshape the former Textile Building into a new, 19-story, 710,000-square-foot office tower. Efforts included upgrades to existing windows; HVAC and ventilation systems; elevators; and general infrastructure. Meanwhile, the lobby was redesigned by Studio MAI, adding more natural light through the use of arched ceilings.

Beyond the pandemic, digital technology integration has had a more notable contribution to the decline in some of these occupations across the decade we surveyed.

The financing will go toward the completion of 42xx, a 151,000-square-foot, low-rise office campus located at 4204-4230 Glencoe Ave. in Silicon Beach, one of the most sought-after real estate markets in Los Angeles. Neighbors include the likes of video game developer Electronic Arts, which is partially leasing a new, 155,000-square-foot office property near the end of the 90 Freeway.

Located between West 53rd and West 54th streets, the tower totals 525,825 square feet. Built in 1965 and renovated in 2007, the Emery Roth & Sons-designed building has had a tumultuous couple of decades. Purchased at the height of the commercial real estate market in 2006 by Harry Macklowe, it commanded a whopping $498 million. Three years later, in the midst of the financial crisis, Macklowe had to auction it off. In 2010, RXR bought the tower off Otera for about $400 million. Five years later, Blackstone became the majority stake owner after it scooped up the property as part of a six-asset portfolio deal.

The deal will allow Greater St. Louis Inc. — which already occupies space on the 13th floor of the building — to lease out the entire 22nd floor, which had previously hosted coworking space provider WeWork. The move is expected to be completed by spring 2023.

The U.S. labor market was already undergoing an important expansion of its health sector in an effort to provide care for one of the largest cohorts of retirees. Accordingly, by 2021, the number of Americans working in healthcare-related jobs was roughly 20 million. Meanwhile, the green energy sector — which had been steadily growing throughout the course of the last decade — is now receiving more attention as an important source of new jobs for both blue- and white-collar workers.

Located at 1716 E. Seventh St. on a nine-acre site that previously hosted a Greyhound bus terminal, the campus will feature 10 soundstages and 291,000 square feet of Los Angeles office and support space. The proposed project will also have a parking garage with capacity for 941 vehicles and 136 bicycles.

Originally built in 1965 as a bus depot, City Garage was redeveloped into a manufacturing hub with the backing of Sagamore Ventures in 2016. The property is part of the Baltimore Peninsula, a mixed-use project undertaken by a team that includes the likes of MAG Partners, MacFarlane Partners, Sagamore Ventures and the Urban Investment Group within Goldman Sachs. Currently undergoing construction, the 235-acre development is estimated to deliver more than 14 million square feet of commercial office, retail and residential space to the local market.

Designed by Ely Jacques-Kahn, 10 Grand Central has undergone major renovations since 2019. The effort — lead by David Burns, principal of Studios Architecture — was part of Marx Realty’s repositioning strategy for the 359,000-square-foot tower. Notably, the new façade features soaring marquee brass fins and oversized walnut doors. The lobby has also been refurbished, boasting a 7,500-square-foot indoor/outdoor lounge and club floor. The property also has a 40-seat conference space and a 1930s-inspired garden party outdoor space, dubbed The Ivy Terrace.

The facility’s proximity to Cross Bronx Expressway, Hutchinson River Parkway and the Bruckner Expressway gives Amazon access to more than 9.4 million potential customers within a 15-mile radius — a boon for the e-commerce giant, which has been increasingly focused on last-mile logistics since the start of the pandemic.

Sodexo is expected to move in the spring of 2024, leaving its current location at 9801 Washingtonian Blvd., which has served as its headquarters since the 1980s, when the Paris-based company opened its American arm. According to the Washington Business Journal, Sodexo previously considered a relocation in 2012. However, that move was scraped after county and city officials offered $4 million in public incentives.

Altana, an artificial intelligence platform for supply chain management, has signed a 10-year lease for roughly 21,000 square feet of office space at 25 Kent Ave. in the Williamsburg neighborhood in Brooklyn, N.Y. Whitten Morris and Peter Riguardi of JLL represented the landlord (Rubenstein Partners), while Sam Seiler and Joe Sipala, also of JLL, negotiated on behalf of Altana.

The deal allows the company to shift its workforce from its current location at 134 N. Fourth St. to the eight-story building owned by Rubenstein Partners. Altana’s expansion into its new headquarters comes on the heels of a recent $100 million Series B investment.

One of the first aspects that caught the attention of industry professionals was the decline of older office stock – buildings labeled as Class B or Class C assets, in accordance with the quality and diversity of their amenities – in favor of newer developments. In fact, a study by JLL highlighted that, between 2020 and the second quarter of 2022, properties completed in 2015 or later had a net absorption of 86.8 million square feet, whereas buildings older than that had negative net absorption of 246.5 million square feet. Notably, most negative net absorption (195.5 million square feet) was in buildings completed in the 1980s and earlier.

Located in the heart of Brickell and equipped with the latest in office amenities, the building has attracted a lot of attention. At the time of this deal, 830 Brickell was nearly fully leased, sporting an impressive roster of high-profile tenants that have driven up asking rents past $120 per square foot — a record for the Miami market.

How to secure top spots for your best CRE listings across our network with Premium Listing placement and stay ahead of the competition.

At the time of the negotiations, 275 North Field Drive was occupied and owned by Pfizer. The pharmaceutical giant had moved into the premises following its $17 billion merger with Hospira in 2015. As part of the current deal, Pfizer agreed to a long-term lease for most of the Lake Shore property, which also includes another 65,000 square feet of space available for a potential tenant.

CommercialEdge released its national office report for October, shining a spotlight once again on the reemergence of coworking spaces as a magnet for tenants, developers and investors alike. As a recent survey conducted by BOMA confirmed, office-using businesses are signaling their preference for shorter lease terms and more flexible workspace arrangements, which will allow them to quickly adjust their footprints according to their needs. 

The highlights presented in the final study relied on a series of fielded responses from more than 1,267 office decision-makers, including company owners, CEOs and other members of the C-Suite. The goal of the survey was to better understand the future financial and operational implications for commercial real estate owners and operators.

Trucking, storage and distribution company Great Central Transport has signed two leases totaling 344,000 square feet of industrial space in Compton, Calif. The largest of the two deals included a 200,000-square-foot industrial building at 601-615 W. Walnut St., which is owned by the San Francisco-based warehousing giant Prologis. The second deal was for a roughly 144,000-square-foot property at 921 Artesia Blvd. that’s owned by JPMorgan Asset Management.

Since 2020, Related has become dominant in the West Palm Beach office market, both as a developer and an owner. In terms of owned assets, the company’s portfolio includes Phillips Point, CityPlace Tower and Reflections office properties, as well as a 50% stake in Esperanté Corporate Center. Meanwhile, Related recently added a 20-story property located at 360 Rosemary to its name, in addition to announcing plans for another office construction project at 515 Fern. In fact, the company’s entire portfolio in West Palm Beach has earned it the moniker of the “Wall Street of the South” as a result of its ability to attract out-of-state financial firms.

LuminUltra has penned a lease deal with St. John Properties for 14,000 square feet at 805 Pinnacle Drive in Linthicum, Md. The Canadian company will relocate its U.S. headquarters to the new facility located within BWI Tech Park — a 156-acre business campus that encompasses more than 1 million square feet of Maryland commercial real estate, including office, flex, R&D and retail space.

Paramount Group — one of the largest real estate investment trusts in the U.S. — has announced the closing of a 15-year lease agreement with O’Melveny & Myers LLP (OMM) for 142,000 square feet of office space at 1301 Avenue of the Americas. The law firm will occupy the 17th through 20th floors in the 1.7-million-square-foot trophy tower located between 52nd and 53rd streets in Midtown Manhattan. The move is scheduled to occur in late 2024 or early 2025.

Western U.S. cities reported the largest local drop in average commute time. While the number of remote workers in San Jose, Calif., grew from 4% in 2019 to nearly 30% of the workforce in 2021, the average commute time for non-remote workers dropped nearly 15 minutes for a round-trip commute.

Truist Financial will join a select list of tenants — comprised of the likes of Meta, Vista Equity Partners and ServiceNow — at the soon-to-be-completed 50 Hudson Yards in Midtown Manhattan. Even before construction began on 50 Hudson Yards, the building was already attracting the attention of major players. Social media giant Meta signed in 2019 and also has space at other Hudson Yards properties, while BlackRock had agreed to move its headquarters to the skyscraper as early as 2016.

The Bethesda office space is part of a 24-acre, mixed-use development that also includes 765 apartments, 99 condos, and a 177-room hotel, as well as 80,000 square feet of additional office space and more than 40 retailers. Notably, the campus also provides access to event spaces, such as the private dining options at Owen’s Ordinary and Summer House, as well as the ballrooms at Canopy by Hilton and Pinstripes.

Working from home and working near home since the 2020 lockdown have sustained and even lifted the coworking scene nationwide, pegged to be the first commercial real estate sector to fall victim to pandemic physical distancing.

For this installment of our Expert Insights series, we sat down with Sara Malek Barney, founder and principal interior designer of BANDD/DESIGN Studio in Austin, Texas. A University of Texas alum, Sara holds degrees in corporate communication and interior design. She was named one of Austin Monthly Magazine’s “Women to Watch” multiple times, as well …

Home Depot inked a lease deal that will allow it to fully occupy Duke Realty’s newly built smart industrial building in Los Angeles County. The 529,866-square-foot Irwindale, Calif., industrial space is equipped with a building automation system (BAS), smart metering system, solar panels and high-efficiency air conditioning units.

Generation Z wants stability, a good education and quality experiences. We set out to rank the best cities for Generation Z based on a variety of factors pertaining to the cohort, including their economic factors, walkability and public transport availability, internet speed and more.

For our latest expert interview, we discussed the Texas commercial real estate market with Christine Mastandrea, adjunct professor in management – real estate at the Jones Graduate School of Business at Rice University. Mrs. Mastandrea also works as Chief Operating Officer at Whitestone Real Estate Investment Trust (NYSE: WSR). Previously, she was Chief Operating Officer …

Law firm Kaufman Borgeest & Ryan recently closed a 15-year lease deal at Global Holding’s 875 Third Ave. The company will occupy 27,000 square feet of prime Manhattan office space located between East 52nd and East 53rd streets, marking a significant downsizing from its current 48,000-square-foot lease at Silverstein Properties’ 120 Broadway. The move reflects a wider trend of companies adjusting their office space needs to accommodate employees’ preferences for flexible work schedules.

Yardi recently announced the launch of CoworkingCafe.com, a new platform for researching and booking coworking spaces offering a seamless experience for freelancers and operators alike. Yardi also announced the acquisition of CoworkingMag.com, the go-to source for any information regarding coworking.

In revisiting our previous ranking of the most attractive metro areas for Millennials, we followed each entry’s performance across these seven indicators: Millennial population growth between 2016-2020; proportion of millennials in the overall population in 2020; regional price parity; median earnings; unemployment rate; percentage of millennials with employer-based health insurance; percentage of millennials in the labor force, with a bachelor’s degree.

WeWork today announced the official debut of WeWork Workplace, a new space management solution built in partnership with Yardi, the leading provider of real estate software.

We ranked the top 20 U.S. metros for life science companies to start or scale their business in 2022, using up-to-date CommercialEdge life science real estate data, and the most recent Census and BLS reports on local labour and talent pools.

Asked about the motivation behind their current office search, respondents’ options were relatively evenly spread between the available answers, although the need for a smaller workspace that could accommodate hotdesking or a hybrid system ended up with a slight edge. Nearly a quarter said their search had been prompted by a need to downsize their office footprint. Various real estate professionals we’ve asked for insights into the office market also highlighted renters’ shift towards smaller workspaces throughout the last couple of years.

By now, we can safely say that the last two years have completely transformed our ideas of work/life balance and made us rethink what it will look like from now on. Specifically, working from home became extremely popular in 2020 as employees detached from their daily routines, such as commuting to in-person workplaces. That said, …

We conducted a survey of 2,006 respondents, asking them about how they manage the balance between work and free time, how much workplace stress affects their personal lives and other work-related questions. Our surveys found that the younger generations tend to be more stressed and get less sleep, leading to a more imbalanced division between their professional and personal lives.

J. Andrew Hansz, Ph.D., CFA, MAI (non-practicing) holds the Gould/Mayfield Professorship in the Department of Finance and Real Estate, College of Business, the University of Texas at Arlington (UTA). He publishes original research regularly, and his articles have appeared in the Journal of Real Estate Finance and Economics, Real Estate Economics, Journal of Property Research, …

2021 was marked by several attempts at resuming life and work, albeit within a changing and challenging new environment. Industrial power consumption picked up, and residential usage increased further still, but it’s important to note that remote working hasn’t made offices obsolete – as news of big companies either investing in prime real estate, renewing, or expanding their leases has continued to pour in. However, it has shifted expectations regarding the future of workspaces – not in the least in terms of optimizing energy usage.

Venture X also operates coworking spaces in Denver at 2590 Welton St., and 6400 S. Fiddlers Green Cir., in Greenwood Village.

At the beginning of 2020, we had no idea how much our lives would soon change and how many challenges we would have to overcome. Two years ago, as the pandemic worsened, we were forced to change our daily routines — and the way we work was no exception. As a result, working from home …

Helen Keller wrote that the first thing she were to do if she would suddenly regain her vision would be to “look into the loyal, trusting eyes of my dogs… whose warm, tender, and playful friendships are so comforting to me.”  We can all sympathize with how she felt. Today, our bonds with our own …

The largest office projects due in 2022 demonstrate a strong interest in better and more sustainable building practices, as well as healthier workplaces.

IBM has been looking for a suitable location to consolidate several of its existing Manhattan offices, including 590 Madison Ave. and 51 Astor Place. The company’s footprint at One Madison will be smaller than the combined square footage of its older office spaces, but it will benefit from a host of amenities that will be added during the development, which is being led by Kohn Pedersen Fox Associates and is expected to be completed in November 2023.

We’ve witnessed some major changes in the last couple of years due to the COVID-19 pandemic — and the office market is no different. So, as people slowly return to the office, CommercialCafe asked commercial real estate brokers and industry experts to share their thoughts on the state of the market in 2022. Specifically, we …

Good CRE website design is just the first piece of the property listing marketing puzzle. Once you lay that foundation, you can build on it. Specifically, that means getting the word out about your listing by sharing it.

For our latest interview in the Expert Insights series, we had the pleasure of chatting with Dr. Hardin about the trends and predictions for the office market in 2022. Dr. Hardin is a real estate and finance professor at Florida International University and holds a Knight Ridder Endowed Eminent Scholar Chair. He is co-editor of …

Leading real estate software company Yardi recently announced the launch of Elevate Revenue, a connected set of solutions meant to streamline the process of lead conversion in real estate. Tapping into its decades of experience in designing real estate software, Yardi created Elevate Revenue to streamline how leads are turned into leases for property owners, …

The company’s portfolio includes more than 6 million square feet across more than 130 industrial properties in key Texas and Southeast U.S. markets.

One of the surprising findings in this analysis is that no New York City office property sales in 2021 ranked among the top three transactions.

CNY took 34,000 square feet of Midtown office space for rent at the CIM Group property on Broadway, to serve as the company’s headquarters.

The asset, located in the country’s seventh-largest data center market, also includes available land for an additional 140,000 square feet of office space and data center facilities development.

As the pandemic showed over the last two years, workplaces and work models need to be designed with predictive adaptability in mind. Innovations such as hybrid work and hot-desking enabled by occupancy management software will be central in future-proofing the office spaces of 2022 and beyond.

JLL Income Property Trust’s investment portfolio is now 8% healthcare-oriented, with 1.1 million square feet of medical office space across 15 properties.

TerraCap sells roughly 180,000 square feet of suburban Atlanta office space of its Breckinridge property in Duluth, disposing of six out of seven portfolio buildings it had acquired in 2017.

BH Properties buys Mason Creek II, premier suburban property offering more than 120,000 square feet of class A Houston office space for rent.

ESRT completes two new retail space leases, bringing Subway and AT&T to the Zeckendorf Towers retail building in Midtown Manhattan.

Downtown Works PB offers premier San Diego coworking and shared space facilities, along with access to a global coworking network, due to a unique League partnership.

The LEED Gold-certified office and data center property has been designed to offer superior reliability and security standards. The Tier III compliant structure is home to several government and commercial clients.

Banyan and Oaktree purchased the property from MetLife in 2015, for $194 million. The tower is subject to a 99-year ground lease that expires in 2080.

Key Takeaways 1.8 billion square feet of rentable office space has been constructed across the country in the last 20 years, with 85% in the top 50 metropolitan areas. Office construction was overwhelmingly suburban, as campus-style design and cheaper land pulled developers and companies further out of the city. New York City, Los Angeles, Seattle …

The 55-story tower is still under construction and the owner-developers joint venture estimates that the project will be completed by the close of 2022.

The CommercialEdge January 2022 national office report just released tracks the latest office construction, vacancy trends and leasing activity across the top U.S. office markets, offering insight into the health of the national and market level real estate industries.

Offering lab-ready shells located in close proximity to several top science & education facilities in Philadelphia, Keystone has turned The Curtis into a thriving life sciences hub.

Newmark and Alexandria Real Estate Equities collaborate for another acquisition of Boston office space with great lab conversion potential.

In the last two years, office workers have increasingly shifted to working for home. As a result, most of the office spaces around the world were left empty due to the COVID-19 pandemic. And, even as companies slowly reopen their offices, it’s safe to say that the pandemic has had an influence on how the …

The buildings at 480 Broadway and 155 Spring in SoHo, Manhattan have traded to KPGFunds.com from Vornado for an undisclosed price. The luxury properties will be repositioned as high-end, luxury offices with top-notch amenities and ground floor retail.

CommercialCafe is a nationwide commercial real estate internet listing service, part of the CommercialEdge Listings Network. Listings available on CommercialCafe cover all commercial real estate property types, including office, industrial, retail and coworking spaces — for sale and for lease.

Key Takeaways: Boulder, Colo., is the most cutting-edge metro area in the country with the most robust EV-charging network per capita. Top cities that have drawn tech companies are also on the cutting edge, including Seattle; Boston; Denver; Portland, Ore.; and Washington, D.C. A red-hot startup economy propels Salt Lake City into the top 10 …

The largest and most prominent corporate park in Fairfield County has been seeing notable and consistent office leasing activity, as the extensive renovation program at Merritt 7 buildings 501 and 601 nears its conclusion.

Following the closing of this new, 15-year lease, the New York-based bank will pay an asking rent of roughly $67 per square foot for a total of 280,182 square feet of Manhattan office space spread across 10 floors. The tenant roster at 1400 Broadway also includes the likes of IPG and Burlington Coat Factory, as well as French skincare company Clarins, which recently leased 15,000 square feet in the 37-story building.

Just off of fresh renovations, 40 Water St, a.k.a. Congress Square, in downtown Boston has been recapitalized with new owners led by Hana Financial and KTB Asset Management which took a 95% ownership stake in the property for $342 million.

“Aventura Industrial Center is strategically located along the Golden Glades interchange, one of the largest interchanges in South Florida where four of the tri-county’s most important roads and highways converge,” said Lobón, an executive vice president at CBRE. “This central location provides equidistant connectivity to each county’s principal growth driver: Miami International Airport, Fort Lauderdale International Airport, Port of Miami and Port Everglades.”

The Los Angeles investor has recently completed the acquisition of a newly constructed corporate office building that is part of the Ignition Park development in South Bend, Indiana.

Cousins Properties has been actively restructuring its Sun Belt portfolio throughout 2021. In a recent move, the company sold its Congress Ave LEED Platinum-certified office building.

Even before the pandemic, gaming could be pursued either as a job or as a hobby from pretty much anywhere. A stable internet connection and a computing device are enough to get you started. But what if you’re also eager in sharing your passion with other like-minded individuals at conventions, or still enjoy browsing at your local video game or hardware store? Or if you want to get into competitive gaming in college?

Electronics manufacturer Honeywell International is in the first year of its 15-year Charlotte office space lease at Legacy Union, which is only one of the many points of attraction for investors bullish on the hot North Carolina market.

Yardi Systems — the leading provider of software solutions for the real estate industry — announced its acquisition and redesign of popular CRE marketing platform 42Floors.com. The website was previously owned by Roni Mova, principal of United Group, who was represented by Dan Fasulo.

The U.S. Census Bureau recently released data on national metro-to-metro migration trends, which showed that metros such as Phoenix; Inland Empire, Calif.; and Dallas were drawing the most residents from other areas of the country. However, while metros in the Sun Belt are attracting the most residents overall, certain areas in the Midwest are also …

The Northeast is home to the country’s largest megalopolis, comprising some of the most important economic and cultural centers in the U.S. One demographic trend that characterized the Northeastern U.S. in recent years is that of smaller metro areas winning residents through relocations, thanks in part to their affordability and suburban advantages. Meanwhile, the region’s …