Office
Los Angeles Market Update: Sluggish Construction Activity
No new properties were added to the pipeline in May. However, projects totaling 1.4 million square feet are expected to come online in June.
Unico Properties Buys Portland-Area Office Buildings
Shorenstein had owned the two Class A assets since 2007.
Brookfield Properties Completes $264M Ground Sale-Leaseback
The investor will maintain ownership of the Facebook-leased assets under a 99-year agreement.
Top Gateway Markets for Office Vacancy
Five of these metros recorded vacancy lower than the national average, according to CommercialEdge.
Boston Properties, CPP Investments, GIC Form Co-Investment Program
The platform, initially funded by the three partners at $1 billion, will target office properties in major U.S. markets.
Manhattan Mixed-Use Building Commands $101M
B6 Real Estate Advisors marketed the asset in the Diamond District as a potential boutique headquarters.
Miami Market Update: Office Vacancy Slides
The metro is outperforming some other gateway markets, according to Commercial Edge. Here’s the latest.
KDC Closes $800M Fund With New Partners
The move aims to bolster the company’s footprint in the corporate build-to-suit and mixed-use markets.
Phoenix Market Update: Vacancy Heads the Right Way
For the first time this year, the Valley’s office sector saw a drop in the vacancy rate, according to CommercialEdge data.
New York City Market Update: Vacancy Falls for First Time in 2021
Manhattan’s office vacancy rate continues to be the lowest among gateway markets, CommercialEdge data shows.