The ongoing New York City trend of office-to-residential conversions saw the largest single-building office-to-residential loan in U.S. history. The package worth $867 million will see the transformation of the currently vacant 111 Wall St. —…
Category: Office News
A billion-dollar life sciences development straddling the Massachusetts Turnpike has been put on indefinite hold as challenging market conditions continue to weigh on the sector. IQHQ, the San Diego-based developer behind the 960,000-square-foot Fenway Center…
The deal covers 490,128 square feet of mixed-use space — including hotel, retail, fitness and office — in the 92-story, roughly 1,000-foot tower that’s one of the 20 tallest buildings in New York City and…
Developer Izek Shomof’s firm, the Shomof Group, has closed on Landmark Square — a 24-story, 460,000-square-foot office tower in Long Beach, Calif. — for $50 million, which is roughly 63% below its prior $135.5 million…
SL Green Realty Corp. — Manhattan’s largest office landlord — has agreed to acquire Park Avenue Tower for $730 million in one of New York City’s biggest office trades of the year so far. The…
Summit Properties has bought the leasehold of 444 Madison Ave. for $41.7 million, according to public records. The 42-story, Art Deco tower in Midtown East spans 475,000 square feet; was completed in 1931; and has…
Spanish billionaire Amancio Ortega, founder of Inditex (the global fashion group behind Zara) has expanded his south Florida holdings. Through his family investment office, Ponte Gadea USA, Ortega acquired the Sabadell Financial Center — a…
SL Green Realty Corp.’s 919 Third Ave. has achieved 100% occupancy after the New York State Office of General Services (OGS) expanded its lease by 66,106 square feet across the 46th and 47th floors. The…
The Dallas office market has shown robust investor confidence through August 2025 with year-to-date sales totaling $1.46 billion, according to Yardi Research Data. That’s a sharp jump from the $107 million recorded in all of…
Rithm Capital, traditionally focused on mortgage lending and credit investments, recently announced that it would acquire Paramount Group, a REIT with 13 owned and four managed Class A office properties totaling 13.1 million square feet…
