Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.
With an acquisition strategy that includes downtown Portland, PCCP recently paid $96.5 million for the nearly fully leased asset, Park Square, with a favorable mix of cash flow and credit tenancy.
TD Bank's regional director of commercial real estate finance in New York talks to GlobeSt.com about co-working, luxury condominiums and the continued rise of tech companies.
Despite significant real estate investment over the last decade, many cities both big and small are still missing inviting and energized spaces where people choose to spend time outside of home and work.
Construction-to-permanent financing of $93 million was recently secured for One De Haro, a four-story 60-foot tall building with two-thirds office and one-third light industrial uses totaling 133,427 square feet.
Financial terms of the transaction were not disclosed for the complex that for decades served as the headquarters for McDonald's until the firm's relocation last year to approximately 470,000 square feet of space at Sterling Bay's 1045 W. Randolph St. in Downtown Chicago.
The recently sold 81,660-square-foot creative office and adaptive-reuse project fully leased to H-E-B is located amid the trendy East Austin neighborhood.
With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of class-A office space in a six-story building designed with technology tenants in mind.