JEMB Realty has signed a long-term, 5,000-square-foot lease with Miami-based personal injury firm Rubenstein Law at 1 Willoughby Square (1WSQ). The firm will relocate from 300 Cadman Plaza West, doubling its Brooklyn footprint and taking the remaining space on the 12th floor…
Cushman & Wakefield advised Altman Logistics Properties in procuring joint venture equity and construction financing for The Park at Parsippany, an office teardown for industrial redevelopment located at 20 and 30 Lanidex Plaza in Parsippany, NJ. The joint venture equity investment was…
Cousins Properties purchased Vantage South End, a 639,000-square-foot office complex in Charlotte, for $328.5 million. The sellers were Invesco Real Estate and The Spectrum Cos. The duo completed the two-building campus in 2021 and 2022. Rodgers Buildings was the general…
The Trepp CMBS Delinquency Rate continued its upward trend in October 2024, increasing 28 basis points to 5.98%. Year over year, it’s up 135 bps. In October, all major commercial property types saw monthly delinquency rate decreases or remained unchanged, with the exception…
Seneca One in Buffalo, New York With office buildings across the U.S. sitting nearly 20% empty and with even more space available for sublease, many buildings must either evolve with the times or risk falling into oblivion. This record vacancy begs the questions,…
Gordon Rees Scully Mansukhani, LLP (GRSM), one of the largest law firms in the country with offices in all 50 states, has committed to an 11,500-square-foot office lease at Eastman Companies’ The Eisenhower, a Class A office complex located at…
A joint venture of Harbor Associates, LLC and F&F Capital Group has acquired Highlands Corporate Center, a Class A 211,000-square-foot, five-building multi-tenant office campus in San Diego. Deal terms were not disclosed. Located at 12730-1278 High Bluff Dr. in Del Mar…
Alexander’s, Inc. has completed a $400-million refinancing of the office condominium portion of 731 Lexington Ave., the Class A Bloomberg LP headquarters building in Midtown Manhattan. The loan replaces the prior $490-million loan on the office condo, which bore interest…
Foxfield and AEW Capital Management, are moving ahead on their Sugarloaf Logistics Hub campus project in Gwinnett County, Georgia. Foxfield and AEW acquired the property in 2022 with the intent to convert a six-building, 740,000 square feet, corporate office campus…
Lincoln Properties has unloaded the Echo Street West project, an office project that Lincoln was having a hard team paying for. The office development was valued at $154 million after delivery but was sold for much less than that. The…
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