San Francisco’s office market continues to see the AI industry boost leasing activity. Fast-growing AI startup Sierra has expanded its leased space to 82,000 square feet at 235 Second St. in the South of Market…
Author: Matthew Preston
In 2024, the U.S. office market continued its adjustment as sale prices declined while select asset types and regions showed early signs of stability. The CommercialCafe’s office report notes that the national average sale price…
CBRE has finalized an agreement to acquire prominent coworking operator Industrious for $400 million, bringing its ownership from 40% to full control. The transaction values Industrious at $800 million and is expected to close later…
Despite economic pressures, Manhattan’s office market showed resilience in late 2024. Specifically, leasing activity rebounded in the fourth quarter, driven by finance firms hungry for top-tier space in prime locations like Park Avenue. Meanwhile, office…
On Dec. 30, Namdar Realty Group and Mason Asset Management acquired the 57-story office tower at 70 W. Madison St. in Chicago for $85 million. Spanning 1.44 million square feet, the building ranks among the…
Rexford Industrial Realty — one of southern California’s most active industrial property buyers — capped off 2024 with a $137.4 million purchase of a 300,000-square-foot warehouse at 2501 W. Rosecrans Ave. in Compton, Calif. The…
As 2024 concludes, the industrial market is normalizing after years of record supply, though not without facing challenges such as East Coast labor strikes, the Red Sea conflict and the collapse of Baltimore’s Francis Scott…
Digital Realty is advancing plans to transform a dilapidated parking structure at 727 Grand Ave. in downtown Los Angeles into a 13-story, 230,000-square-foot data center. City planning documents indicate the project will serve as a…
In October, national in-place rents for industrial properties averaged $8.22 per square foot, an increase of 6.8% year-over-year (Y-o-Y), as reported in a recent industrial study by CommercialCafe. While Miami led rent growth at 11%…
Dallas-Fort Worth’s industrial market has maintained robust performance in 2024, recording over $3.3 billion in sales through September — the highest sales volume in the country. In August, the market overtook the Bay Area as…
