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…
Category: Office News
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…
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:…
The Boston office market remains one of the most active in the country when it comes to new development. In fact, nearly 5.9 million square feet of office space was under construction in May according…
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,…
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.…
The firm dished out $105.5 for a property in Lower Manhattan, highlighting the area—and the entire Manhattan market as a whole—as one where interest in high-profile office properties are beginning to see demand once again.
