Month: February 2024

Out—executive offices and meeting rooms. In—open floorplans and lounge space. Those are among the takeaways in WeWork’s first Global Office Trends report. The traditional office concept has fundamentally and irreversibly changed, WeWork found in its first global office trends report. Image courtesy of WeWork The traditional office concept has fundamentally and irreversibly changed, WeWork found […]

First Interstate Properties has sold Shoreway Commerce Park, a 445,682-square-foot industrial campus in Cleveland. Caspian Group acquired the asset for $9 million, public records show. Shoreway Commerce Park used to house a truck manufacturer before its bankruptcy. Image courtesy of CommercialEdge Shoreway Commerce Park used to house a truck manufacturer before its bankruptcy. Image courtesy […]

25 Market Street is on the former site of a 90-year-old Marcal Paper warehouse. Image courtesy of Crow Holdings 25 Market Street is on the former site of a 90-year-old Marcal Paper warehouse. Image courtesy of Crow Holdings 25 Market Street is on the former site of a 90-year-old Marcal Paper warehouse. Image courtesy of […]

5 Times Square rises 37 stories in Midtown Manhattan. Image courtesy of CommercialEdge 5 Times Square rises 37 stories in Midtown Manhattan. Image courtesy of CommercialEdge 5 Times Square rises 37 stories in Midtown Manhattan. Image courtesy of CommercialEdge Convene has partnered with owner RXR Realty to open a new meeting and conference center at […]

Camille Renshaw has closed upward of $30 billion in deals, but she got her start in commercial real estate after a previous life as a technology entrepreneur. She became an owner when she sold a successful startup and invested some of the proceeds in commercial real estate assets. At first her goal was to become […]

The tenant is relocating its headquarters at Valley Grove III’s top floor. Image by Grace Oldroyd, courtesy of St. John Properties The tenant is relocating its headquarters at Valley Grove III’s top floor. Image by Grace Oldroyd, courtesy of St. John Properties The tenant is relocating its headquarters at Valley Grove III’s top floor. Image […]

ESRT bought the asset in the same deal that involved the Empire State Building, in 2013. Image courtesy of Empire State Realty Trust ESRT bought the asset in the same deal that involved the Empire State Building, in 2013. Image courtesy of Empire State Realty Trust ESRT bought the asset in the same deal that […]

The 144,414-square-foot facility includes 19 dock-high loading doors and two drive-in doors. Image courtesy of Seefried Properties The 144,414-square-foot facility includes 19 dock-high loading doors and two drive-in doors. Image courtesy of Seefried Properties The 144,414-square-foot facility includes 19 dock-high loading doors and two drive-in doors. Image courtesy of Seefried Properties Seefried Properties has sold […]

Therese Fitzgerald The day after Fed Chair Jerome Powell appeared on 60 minutes to repeat his message that FOMC committee members are not ready to lower interest rates, the Dow fell 300 points. In commercial real estate, however, confidence was boosted by the Fed’s most recent announcement, particularly for those who may be waiting on […]

Developers, owners and project sponsors are bracing for an economic downturn, and many of them are already pulling back from new development or stopping projects mid-stream because of rising rates or lack of available capital. MHN reports many apartment projects anticipated to begin in 2023 have either been paused until 2024 or entirely canceled. However, […]

Jackson Hsieh has been appointed president & CEO of The Macerich Co. Image courtesy of RealShare Net Lease Jackson Hsieh has been appointed president & CEO of The Macerich Co. Image courtesy of RealShare Net Lease Jackson Hsieh has been appointed president & CEO of The Macerich Co. Image courtesy of RealShare Net Lease Jackson […]

Barsan Global Logistics is the sole tenant at Port 146. Image courtesy of Triten Real Estate Partners Barsan Global Logistics is the sole tenant at Port 146. Image courtesy of Triten Real Estate Partners Barsan Global Logistics is the sole tenant at Port 146. Image courtesy of Triten Real Estate Partners Triten Real Estate Partners […]

The Cascade Building encompasses 13 dock loading doors and two drive-in doors. Image courtesy of Kidder Mathews The Cascade Building encompasses 13 dock loading doors and two drive-in doors. Image courtesy of Kidder Mathews The Cascade Building encompasses 13 dock loading doors and two drive-in doors. Image courtesy of Kidder Mathews Cleaning supplies and equipment […]

The three-story office building came online in 2008. Image courtesy of Mapletree The three-story office building came online in 2008. Image courtesy of Mapletree The three-story office building came online in 2008. Image courtesy of Mapletree Mercalis, a life sciences and pharmaceutical commercialization service provider, has renewed its full-building lease at 2250 Perimeter Park Drive, […]

Lowes Foods is one of the anchor tenants at Oakbrook Station. Image courtesy of JLL Capital Markets Lowes Foods is one of the anchor tenants at Oakbrook Station. Image courtesy of JLL Capital Markets Lowes Foods is one of the anchor tenants at Oakbrook Station. Image courtesy of JLL Capital Markets LBX Investments has sold […]

Great Hills Plaza is currently undergoing a full-building capital renovation. All images courtesy of Transwestern Real Estate Services Park Centre features floorplates averaging 33,700 square feet. The four-building Westech 360 came online in 1986. Pacific Oak Capital Advisors has tapped Transwestern Real Estate Services to lease a three-property office portfolio in Austin, Texas, measuring 521,401 […]