What happened, and who moved.
NEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building. Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented the tenant in the lease negotiations. Arkady…
MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory…
Grover Corlew has refinanced Hillsboro Center, a 223,716-square-foot office park in Deerfield Beach, Fla. A two-year, $30 million senior loan was originated by BankUnited and arranged by JLL Capital Markets. Commercial Search reports Grover Corlew acquired the two-building office park in 2019 for $32.5 million from…
Denver’s office market is still recovering from the pandemic, but second-quarter reports indicate it is shifting toward stabilization with positive net absorption. Office tenants took approximately 119,700 SF more than they vacated in Q2, according...
Marcus & Millichap closed the sale of an industrial condominium at 30 Log Bridge Rd. in Middleton, MA. The asset sold for $2,525,000. “The quality of this industrial condo drove interest from owner-users and investors,” said Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office.…
Rubicon Point Partners (RPP) has acquired Wolfe Square, a Class A, 117,795-square-foot multi-tenant office and medical campus located adjacent to Apple’s global headquarters in Cupertino. Although the buyer didn’t disclose the acquisition price, the Silicon Valley Business Journal recently reported it as more than…
Fashion platform Orly leased 20,014 square feet of office space at 20 West 33rd Street in Midtown South on a 10-year lease at $55 per square foot asking rent from landlord JLA Home. The company, founded in 1980 and managing over 20 brands including Aeropostale, Lucky Brand and Nine West, plans to relocate to the new space in early 2027 from its current headquarters located one block north.
Winkler Development acquired all the properties that make up Mainstreet at FlatIron, a 94,000-square-foot portfolio in Broomfield that includes a two-story retail and office property, a multi-tenant retail building, and a surface parking lot. The price for the package was $19.95 million. Wells Fargo provided a $12…
Altitude Capital Partners, a Chicago-based real estate development and investment firm, in partnership with Shanna Collective, has acquired 1447 N. Dearborn Street — historically known as The Dearborn — for $10 million. The building holds a notable chapter in Chicago’s architectural and cultural history. Originally…
A Deutsche Bank-led lender consortium filed a notice of default against Hackman Capital Partners for over $357 million owed on Television City, a 25-acre landmark studio in Los Angeles's Fairfax District that has hosted productions including "The Price Is Right" and "American Idol," with potential buyers such as Rick Caruso circling the property. The default reflects broader distress in HCP's studio portfolio amid post-pandemic production slowdowns, 2023 industry strikes, rising interest rates, and studio consolidation, including Goldman Sachs's takeover of the Radford Studio Center and Netflix's pending $400 million acquisition of it for a fraction of the nearly $1.9 billion HCP paid for the property in 2021.
Brookfield is in talks to take a 10% stake in Hudson Square Properties, a 13-building office complex on the West Side of Manhattan. The deal would value the 6.2M SF campus, which is positioning itself as a nucleus for tech and media tenants in the city,...
Michael Tait, a winner of the Developing Leaders Award and an active member of CREDA Maryland, has built his commercial real estate career around relationships – and now he’s using those relationships to help open doors for the next generation of industry leaders.
Brandywine Realty Trust sold downtown Austin’s 405 Colorado tower for $151 million. Chris Price at Partners was quoted in LinkedIn saying the buyer was Hines and that the 25-story tower is 100% leased. At its annual meeting, Brandywine’s CEO said the company was looking to divest between $250 million and $300…
Landmark Management, a real estate investment advisor, leased 12,168 square feet on the 52nd floor of One Grand Central Place in Midtown East, relocating from its previous offices at 115 East 69th Street on the Upper East Side. The lease terms and asking rent were not disclosed, though Midtown office asking rent averaged $86.18 per square foot in the second quarter of 2026.
Hines is returning to the office market with a $151M bet on Austin. The global real estate investment management giant acquired a 206K SF office at 405 Colorado St. from Brandywine Realty Trust as it selectively targets trophy office assets with high...
Brookfield is buying into the $3.5 billion Hudson Square Properties as AI firms drive Manhattan West Side leasing and rents up 20%. The post Tech Leasing Surge Pushes Hudson Square Portfolio to $3.5 Billion Valuation appeared first on Propmodo .
When structural columns buckled at 235 East 42nd Street, drones and advanced sensors became vital tools for real-time safety and stability monitoring. The post The Technology Keeping Watch on Manhattan’s Buckled Skyscraper appeared first on Propmodo .
San Francisco’s planning chief has moved to reclaim dormant office development rights from developers sitting on long-stalled downtown projects, threatening to strip their Proposition M allocations as City Hall races to refill a depleted pool amid a competitive scramble for the Financial District’s first…
After ten consecutive quarters of shrinking occupancy, the North I-680 Corridor office market recorded 196,732 square feet of positive net absorption in the second quarter of 2026, powered by a 46,219-square-foot Travelers Insurance commitment in Concord and a wave of owner-user acquisitions that pushed pricing to…
A locally based developer is moving to convert an aging San Mateo office parcel into 80 apartments, betting on a Peninsula rental market that analysts expect to tighten sharply through the rest of the decade. SM Flores, LLC has filed a formal planning application to demolish an existing office building at 2555…
NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail…
IRVINE, CALIF. — NAI Capital Commercial has arranged the $10.8 million sale of 17872 Cowan, an educational facility in Irvine. Orange County Music & Dance (OCMD) acquired the property for $438 per square foot. The 24,670-square-foot facility will nearly double the nonprofit performing arts school’s instructional…
NEW YORK CITY — Energy Capital Partners has signed an office lease expansion in Lower Manhattan. The infrastructure investment firm previously occupied the entire 58th floor of One World Trade Center and has now taken the entire 59th floor, yielding a total footprint of 70,425 square feet. Eric Zemachson and Corey…
BETHESDA, MD. — CP Group, along with a fund managed by DRA Advisors, has signed six leases over the past three months at Caprock, a 709,313-square foot office property located in Bethesda. Totaling approximately 35,000 square feet, the new tenants include nonprofit mechanical contractors’ organization MCA of…
Brookfield is in exclusive talks to acquire a 10 percent stake in Hudson Square Properties, a 13-property portfolio valued at $3.5 billion on Manhattan's West Side, which would replace Hines as the joint venture's operating partner after a decade. The deal is expected to close in the coming months and comes as Hudson Square has attracted major tech and media tenants including Anthropic, PayPal, and Notion amid a citywide shortage of desirable office space.
On July 7, 2026, two steel support structures buckled at the former Pfizer headquarters at 235 East 42nd Street in Manhattan, causing five floors to begin caving in; the building was an office-to-residential conversion by Metro Loft and David Werner Real Estate Investments, and nobody was injured, though union leaders and city officials criticized the construction quality. The same week saw significant office leasing activity in New York, including Loeb & Loeb expanding to 178,959 square feet at 345 Park Avenue, NBCUniversal renewing 244,185 square feet at 1221 Avenue of the Americas, and Ralph Lauren adding 22,000 square feet to reach 280,000 square feet total at the Starrett-Lehigh Building.
Event company Glasshouses has leased 70,000 square feet at 175 Greenwich Street in the Westfield World Trade Center complex in Lower Manhattan to establish its flagship venue, Glasshouse Downtown, designed to accommodate nearly 1,500 guests across two full floors of Tower 3 with completion targeted for 2028. CBRE brokers Anthony Dattoma, Chris Mansfield, and Zachary Weil represented landlord Unibail-Rodamco-Westfield in the transaction, and the lease represents a long-term commitment by Glasshouses to host corporate events, conferences, galas, and other large-scale social gatherings.
Jemal Equities secured a $27 million commercial mortgage-backed securities loan from Citibank for the refinancing of 1750 H Street NW in Washington, D.C., arranged by Meridian Capital Group. The 123,000-square-foot office building was purchased by Jemal in July 2025 for $28.5 million when it was nearly vacant, and the new permanent debt replaced the initial bridge financing after the property achieved significant leasing momentum within a single year.
D.C. Mayor Muriel Bowser is leaving office in six months, but she’s full steam ahead on her effort to revamp the city’s housing policy.
More than six years after the pandemic cratered demand for greater Philadelphia office space, the region’s construction pipeline has officially hit zero. The delivery of Chubb’s long-awaited 438K SF build-to-suit space at 2000 Arch St. last quarter...
Nearly a quarter century after the 9/11 terrorist attacks leveled the World Trade Center towers, work on the new campus’ final new office tower is underway.
The Federal Reserve is growing increasingly worried about inflation.
Plans for Google's highly anticipated Thompson Center redevelopment are nearing completion, almost four years after the tech giant announced its intent to move into the iconic Central Loop building, with the company expected to occupy more than half of...
UK developer and asset manager Stanhope has won a mandate to manage a £4B portfolio of London and Paris office assets on behalf of Norges Bank Investment Management, the world’s largest sovereign wealth fund. The companies will also partner up to look...
Two historic New Jersey buildings — the iconic Bell Labs headquarters in Holmdel and the former Commvault campus in Tinton Falls — have been reborn as Bell Works and are redefining what an office campus can be. Inspired by Somerset Development reimagined...
As enterprises consolidate security vendors, Kastle makes its largest talent investment in 20+ years to lead the shift toward unified managed security for commercial real estate FALLS CHURCH, VA – July 13, 2026 – Kastle, the managed physical security platform protecting over 1 billion square ... Read More The post…
ARLINGTON, VA. — Gilbane Development has begun construction of Renley, an office-to-residential conversion at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood. Gilbane acquired the building, developed in 2000, in March… The post Gilbane Starts Construction of Office-to-Residential Project in Metro D.C.…
Cushman & Wakefield advised on the acquisition of Douglas House, a central London office building, by the Sogo Bussan Group.
Cushman & Wakefield announces relocation of its Frankfurt headquarters and Berlin branch to modern, centrally-located office spaces in both cities.
The 30-year fixed-rate mortgage averaged 6.49% in June 2026, up 8 basis points from May and 44 basis points since late February, while the 15-year rate averaged 5.82%, driven by market pricing of potential Federal Reserve rate hikes due to persistent inflation and a resilient labor market. The 10-year Treasury yield averaged 4.48% in June but eased later in the month to around 4.44% following a preliminary U.S.-Iran agreement that temporarily reopened the Strait of Hormuz for commercial shipping.
Today, I am proud to announce a pivotal moment in our association’s history: We are now the Commercial Real Estate Development Association (CREDA). This change goes far beyond a name change; it signifies a clear statement about what our association stands for, who we serve and where we are headed.
A prominent Vancouver office tower has achieved WELL Core Platinum certification, a prestigious health and wellness building standard.
American Real Estate Partners and Harrison Street Asset Management completed CityHouse Old Town, described as the market's first office-to-residential conversion project.
His projects included office towers, arenas, military base overhauls
Cushman & Wakefield brokered a full-floor office lease transaction at Bradenton Financial Center between landlord Savlan Capital and tenant Kimley-Horn.
The proposed Capital Campus reflects a growing belief that higher education—not office towers—could become the next major driver of urban revitalization.
Like other legislatures around the United States, the New York State Legislature spent the first half of this year considering policy on controversial topics that affect commercial real estate development. When both chambers adjourned their 2026 legislative session in early June, two bills they had passed…
BGO chief economist Ryan Severino argues weak job growth does not automatically signal recession.
NEW YORK CITY — Madison Realty Capital has originated a $480 million loan for the office-to-residential conversion of 1740 Broadway in Midtown Manhattan. Yellowstone Real Estate Investments was the borrower,… The post Madison Realty Capital Originates $480M Loan for Midtown Manhattan Office-to-Residential Project…
JLL's second-quarter 2025 analysis of the Aix-Marseille commercial real estate market reports that the tertiary leasing market showed resilience with 64,347 square meters of placed demand (up 13 percent year-over-year but down 10 percent from the five-year average), though transaction numbers fell to 134, while the investment market contracted sharply to 68 million euros (down 47 percent from the first half of 2024). The Aix region outperformed Marseille in leasing activity with 60 percent of metro demand, driven by new construction and large-user tenants, while Marseille's office market declined 16 percent year-over-year due to limited quality supply and reduced activity in the Euromed business district.
Orange County Office Market Posts Strongest Absorption Since COVID as Tier One Vacancy Falls to 9.8% The Orange County office […] The post Why OC Office Vacancy Just Hit a Turning Point – Podcast Recap with Mike Adams of Stream Realty appeared first on CompStak .
New York Office Market Posts Strongest Recovery of Any Major U.S. Market New York office rents have climbed 28.5% from […] The post New York Is Back. AI Is Complicating It. – Podcast Recap with Gabe Marans of Savills appeared first on CompStak .
In a recent episode of NAIOP’s Inside CRE podcast, NAIOP President and CEO Marc Selvitelli, CAE, spoke with Leo Addimando, managing partner and cofounder of Alterra Property Group, about the evolution of Industrial Outdoor Storage from an under-the-radar property type into one of commercial real estate's…
OVERVIEW 10-Year, 16,125 RSF Lease of Functionally Obsolete School Building Religious non-profit owner in the San Francisco Bay Area Lee & Associates represented the owner-landlord For more information regarding this case study, please contact: DAVID KLEIN Executive Vice President | Managing Principal (415)…
January 27, 2026 (GAINESVILLE, FL) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Gainesville, FL, led by Dan Drotos as founding President and Managing Principal. The office will specialize in office, industrial, land, and retail…
September 23, 2025 (NEW ORLEANS, LA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in New Orleans, Louisiana. The office will specialize in Office, Industrial, Retail, Self-Storage, and Land. Evan Scroggs, SIOR, CCIM, President and…
OVERVIEW 45,035 SF Sale-Leaseback of Converted Warehouse to Social Service Center Catholic Charities of the East Bay ("CCEB") is the seller-tenant LEC Advisors is the buyer-landlord For more information regarding this case study, please contact: DAVID KLEIN Executive Vice President | Managing Principal O (415)…
OVERVIEW 24-Unit Apartment with Views of Lake Union Sale Price: $8M Current Cap Rate: 3.66% Represented Seller & Buyer “Candice, Dea and team Lee & Associates did an excellent job keeping the transaction on track. They were great at problem solving, tracking down information and ensuring effective communications…
OVERVIEW 21-Unit Apartment in Lower Queen Anne Sale Price: $7.3M Current Cap Rate: 4.23% Represented Seller & Buyer Coordinated 1031 Exchanges for both parties For more information regarding this case study, please contact: CANDICE CHEVAILLER Principal O: (206) 773-2694 cchevaillier@lee-associates.com DANIEL LIM…
OVERVIEW True Mixed-Use building with 17 apartments, office, retail and restaurant Quarter Block in Fremont Sale Price: $17,415,000 Loan Assumption For more information regarding this case study, please contact: CANDICE CHEVAILLIER, CCIM Principal O (206) 773-2694 cchevaillier@lee-associates.com DANIEL LIM Senior…