Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Belvoir has a good sense for where leases are getting signed today, so it underwrote the purchase accordingly, and the increased leasing activity validated that its assumptions were in line with the market.
Brookfield Properties will break ground this summer on 5M, a four-acre mixed-use project in downtown, which will provide $76 million in public benefits to the SOMA neighborhood and the city.
Rubenstein Partners, L.P. and partner Amerimar Enterprises Inc. state that with the latest lease expansion, Children's Hospital of Philadelphia now occupies more than 300,000 square feet across six floors at the Wanamaker building at 100 Penn Square East.
Park Heritage vertical construction is planned to begin early next year, once the demolition is complete this year, and in a separate project, Beck Ventures is developing the other portions of Valley View Mall.