CoreWeave has taken another step in its strategy to move from leasing to owning data center capacity by acquiring a Kenilworth, N.J., facility that it began leasing less than a year ago. The Livingston, N.J.-based…
Author: Matthew Preston
The Durst Organization has arranged a $1.3 billion loan backed by commercial mortgage-backed securities for its One Five One office tower in Times Square. Financing for the 48-story, 1.8-million-square-foot building in Manhattan will be provided…
Ackerman & Co., in partnership with Belgian investor Baltisse, has acquired Midway Business Park, a 12-building, 258,846-square-foot industrial portfolio in East Fort Worth, Texas. The deal closed in July and marks Ackerman’s second major industrial…
Lovett Industrial broke ground last week on the second phase of its 610 Business District in Houston. The new phase will add 537,000 square feet across four shallow-bay buildings that are between 53,000 and 219,000…
Electric vehicle maker Rivian is establishing its East Coast headquarters in Atlanta by leasing 45,000 square feet at Junction Krog District, a newly built office building along the BeltLine’s Eastside Trail. The company announced the…
Office-to-residential conversions have long been discussed as a potential solution to underused office stock. Now, in Manhattan, N.Y., that conversation is starting to turn into real movement. Developers are acting on both recent city-led initiatives…
Lovett Industrial, in partnership with Clarion Partners, is planning a major new development in East Austin, Texas. The proposed industrial park — named Fusion 130 — will total 1.5 million square feet across nine buildings…
WeWork has signed a 10-year lease for approximately 60,000 square feet at 250 Broadway — its first coworking deal in New York City since 2019 and its first in the U.S. since emerging from Chapter…
Pinterest has signed a long-term lease for 83,000 square feet at SL Green’s 11 Madison Ave. to more than double its footprint in Manhattan, N.Y. The company is relocating from 225 Park Ave. S., where…
The office vacancy rate in San Francisco climbed to 28.4% in May, following a 330-basis-point year-over-year increase — the highest among major U.S. markets, according to Yardi Matrix Research. Yet asking rents remain relatively strong:…
