Amazon has purchased the vacant office building at 522 Fifth Ave. for $456 million, adding to its growing footprint in Midtown Manhattan. The 23-story, 600,000-square-foot property is located at the corner of 44th Street, which…
In the first quarter of 2025, Chicago’s industrial market saw the start of 1.5 million square feet of new construction — a sharp decline from the 11.4 million square feet that was underway during that…
Manhattan’s office market is firming up. The borough’s vacancy rate dropped to 16.5% in March 2025, down 110 basis points from a year earlier — one of the sharpest year-over-year declines among major U.S. markets…
Although not ranked among the top 25 U.S. office markets, the southern Florida city broke ground on 1.4 million square feet of office space in early 2025 — a figure that eclipses many major markets.
Specifically, the port market of New Jersey remained the top market for industrial rent growth with in-place rent growing 11.3% year-over-year, but the broader trend favored Sun Belt metros.
Early 2025 finds the U.S. office market dealing with an increase in distressed property sales and stubbornly high vacancy rates: First-quarter data in the latest office report from CommercialEdge confirms that the expected rise in…
The New Jersey industrial market started the year strong in both sales volume and pricing. According to CommercialEdge’s March industrial report, industrial properties in the state traded at an average of $339 per square foot…
Clarion Partners has acquired a 301,000-square-foot industrial property in southeast Baltimore for $85.5 million. The facility, located at 1201 S. Caton Ave., was purchased from developer MRP Industrial, as first reported by The Business Journals.…
Chicago’s office market continues to face distress-driven pricing with sale prices falling sharply. According to CommercialEdge, through February 2025, office assets traded at an average of $67 per square foot — the second-lowest among major…
Private equity giant Blackstone has agreed to acquire a 6-million-square-foot industrial portfolio from Crow Holdings for $718 million. The deal covers 25 Class A properties concentrated in the Dallas and Houston metros. Crow Holdings, which…
