At a time when many office assets across the U.S. are trading at steep discounts — or not trading at all — a fully leased property in Jacksonville, Fla., has changed hands in a traditional,…
Author: Matthew Preston
Walmart has signed a 338,000-square-foot lease at Tech Corners, a Sunnyvale, Calif., office campus owned by Jay Paul Company. The deal, covering two buildings, is the largest new office lease in Silicon Valley since 2023.…
Ares Industrial Management has acquired Park 88 Logistics Center, a two-building, 429,623-square-foot Class A logistics park in North Aurora, Ill., for $58.2 million. Completed in 2024, the property sits at 400 and 410 Smoke Tree…
The national industrial sector continues to cool as the record supply of recent years works its way through the market. According to CommercialEdge’s industrial report for April, the national vacancy rate rose to 8.8%.
Austin, Texas, continues to stand out among major U.S. office markets for both its elevated vacancy rate and the scale of its development pipeline. At the end of April, vacancy hit 28.9%, second only to…
In 2025, the U.S. life sciences market is at a turning point after a decade of rapid growth and volatility: A steady bull run starting in 2015 gave way to a pandemic-driven race to build…
The U.S. office market remains in reset mode. Vacancy is high, construction has slowed and demand continues to shift away from traditional downtown cores. Specifically, central business districts (CBDs) are bearing the brunt of the…
Boston’s office market is still working through the fallout from a life sciences cooldown: Overall vacancy rose to 17.1% in April — a 470-basis-point (bps) increase year-over-year — according to the latest CommercialEdge office report.…
The story of Chicago’s office market continues to revolve around its biggest buildings — and its biggest challenges. Willis Tower, the city’s largest office asset at 233 S. Wacker Drive, is a prime example. Once…
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…
