Ares Industrial Management has acquired Park 88 Logistics Center, a two-building, 429,623-square-foot Class A logistics park in North Aurora, Ill., for $58.2 million. Completed in 2024, the property sits at 400 and 410 Smoke Tree…
The national industrial sector continues to cool as the record supply of recent years works its way through the market. According to CommercialCafe's industrial report for April, the national vacancy rate rose to 8.8%.
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.
Austin, Texas, continues to stand out among major U.S. office markets for both its elevated vacancy rate and the scale of its development pipeline. At the end of April, vacancy hit 28.9%, second only to…
In 2025, the U.S. life sciences market is at a turning point after a decade of rapid growth and volatility: A steady bull run starting in 2015 gave way to a pandemic-driven race to build…
The U.S. office market remains in reset mode. Vacancy is high, construction has slowed and demand continues to shift away from traditional downtown cores. Specifically, central business districts (CBDs) are bearing the brunt of the…
Boston’s office market is still working through the fallout from a life sciences cooldown: Overall vacancy rose to 17.1% in April — a 470-basis-point (bps) increase year-over-year — according to the latest CommercialCafe office report.…
The story of Chicago’s office market continues to revolve around its biggest buildings — and its biggest challenges. Willis Tower, the city’s largest office asset at 233 S. Wacker Drive, is a prime example. Once…
Amazon has purchased the vacant office building at 522 Fifth Ave. for $456 million, adding to its growing footprint in Midtown Manhattan. The 23-story, 600,000-square-foot property is located at the corner of 44th Street, which…
In the first quarter of 2025, Chicago’s industrial market saw the start of 1.5 million square feet of new construction — a sharp decline from the 11.4 million square feet that was underway during that…
