Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Google has made more than 52 South Bay property purchases totaling $820 million during the last three years in Sunnyvale as well as additional direct acquisitions, and may be heading to downtown San Jose.
“The renovations will modernize the facility, and the renewable energy solar project will reduce the carbon footprint while converting the property into a sustainable facility,” says Sky Management's Alex Dembitzer.
Following strong leasing activity in 2015 and 2016, office leasing in West L.A. has normalized, with dropping long-term absorption numbers and declining sales volume.
The Brookwood Business Center traded for approximately $40 million, according to public records. Brookwood Financial acquired the former Billerica Business Center in 2010 for $15 million in foreclosure proceedings.
Law firms provide legal services to the commercial real estate industry and use the services of the industry to lease space, of course, and GlobeSt.com takes a look at both aspects in this legal update.
Total returns for the NCREIF Property Index have been fairly consistent over the past five quarters, although annual returns are below the five-year average.
Asking rates rise to an all-time high in the market, causing the largest quarterly jump since Q4 2015 as tenants are willing to pay a premium for well-appointed space in prime locations, says CBRE's Matt Carlson.