Despite the normalization of demand for industrial space and the rising cost of capital, most markets covered by Commercial Edge have experienced an increase in average sales prices this year. In fact, the latest industrial…
Category: Commercial Real Estate News
Two recent deals at 30 Hudson Yards continue to demonstrate the growing preference by tenants for newer buildings versus older ones. Warner Bros. Discovery (WBD) — the largest tenant at the 2.6-million-square-foot Midtown Manhattan property…
New York investment firm Clarion Partners has acquired the newly built TIA Logistics Center — a 245,000-square-foot, Class A industrial warehouse near Tampa International Airport — for $49 million (roughly $200 per square foot). Located…
NYU Langone Health recently finalized a lease agreement for 105,000 square feet of life sciences space at Innolabs in Long Island City in Queens. This agreement will result in NYU Langone relocating four research programs…
The National Wildlife Federation (NWF) has renewed its lease at Metro Center, a 184,000-square-foot office building located at 1200 G St. NW in Washington, D.C., just three blocks from The White House. In 2017, the…
Global biopharmaceutical company AstraZeneca announced an investment of $300 million to renovate and modernize an existing facility in order to create a cancer treatment manufacturing facility in Rockville, Md. Spanning more than 84,000 square meters,…
Intuit Mailchimp, a subsidiary that the financial software company Intuit acquired back in 2021, is getting a new home in the form of an Atlanta office space located in the city's Old Fourth Ward neighborhood.
The company is expanding its office footprint with a new headquarters in its hometown, Philadelphia, as well as additional offices and lease expansions in Atlanta, Birmingham, Charlotte and Nashville.
The event, meeting space and shared office operator is set to move into its new Times Square location in March 2024, bringing in-demand flexible meeting rooms to Midtown Manhattan.
For the first time in several years, Dallas fell from the #1 spot when it comes to industrial stock underway. Nationally, logistics-led industrial construction is winding down as manufacturing takes center stage, particularly with EV…
