Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The current regional availability rate dropped to 9.27%, suggesting a positive near-term outlook for vacancy, including the 80% occupancy of the Joshua Green Building after URG moved into new HQ space.
The class A office space, high-lease rate, and superior leasing activity over the last 18 months made this purchase very attractive for M&J Wilkow and DRA, says JLL managing director Peter Harwood.
"Following the success of Metroplex One, we saw significant value in creating a striking and innovative ground-up development that could attract large, forward-thinking brands to the region," says Jerry Sweeney, president & CEO of Brandywine Realty Trust.
In this <b>EXCLUSIVE</b>, KC Conway says there will be a disruption in CRE lending liquidity as a result of accounting, regulatory, technological and financial product shake-ups–many of which are not on anyone's radar.
The REIT now holds a greater interest in the Midtown building owned with HNA Group and moves forward in constructing its Financial District residential tower.
Salesforce Tower Chicago is one of six Tower investments the company has announced in key markets including its headquarters in San Francisco, New York, London, Indianapolis, and Atlanta.