Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The WWE lease of more than 415,000 square feet was nearly 60% of all Fairfield County's 709,068 square feet of leasing activity in the first quarter. Despite the WWE's deal, the county registered 106,006 square feet in negative office space absorption in the first quarter.
The deadline for Real Estate Forum's next installment of Influencers is fast approaching. Be sure to nominate the people and firms who shape the CRE finance market by April 16th.
The five-year investment will include infrastructure changes by architect David Manfreddi and urban designer Gehl, a public square with tech-focused art installations by Culture Corp, a host of new restaurants and hybrid retail experiences, 5.5 million square feet of Class A office space, luxury residential towers and a second hotel.
Washington Property Co. reports the four lease deals total 14,036 square feet and leases totaling another 7,407 square feet are currently the subject of negotiations.
The Houston-based developer has announced plans to build a $231 million transit-oriented project that will include a hotel, apartments, student housing, retail and offices.
The fully-leased property, which also includes a marina and a two-story office building, was sold by Hudson Capital Group, Inc. Mast Capital financed the purchase with a loan from CIT bank, N.A.