Office
Top 5 Markets for Office Construction Activity
Here’s a breakdown of the nation’s best-performing metros for development activity as a percentage of existing stock.
Worth & Associates Breaks Ground on 135 KSF San Antonio Project
The firm is developing the complex with Joeris General Contractors and Chesney Morales Architects.
Allianz Real Estate Expands in Italy With $225M Buy
The company is acquiring a prime office asset in Rome’s central business district in a deal slated to close this summer.
Mirae Asset Global Investments Closes $69M Refi
JLL Capital Markets arranged the loan for a 12-story office building in downtown Washington, D.C.
Manhattan Coworking Building Changes Hands
As part of the deal, the buyer assumed a $35 million loan Arbor Realty Trust had provided in 2018.
Smart Upgrade Powers Capital Savings
At MetLife’s District Center in Washington, D.C., a multi-pronged approach has cut operating costs and transformed the 22-year-old office property into a strategic asset.
Metro Commercial Properties Lands $7.4M Refi for Suburban Houston Asset
The two-story, 63,373-square-foot office property is located in the northern suburb of Spring.
Empire State Realty Trust President Steps Down
Current CEO & Chairman Anthony Malkin, the grandson of the company’s founder, will replace John Kessler.
Lincoln Property JV Sells Converted Brooklyn Asset for $44M
The buyer of the 125,000-square-foot office building assumed the outstanding balance of a mortgage from LoanCore.
Phoenix Spec Office Project Lands $74M in Financing
The 300,000-square-foot development, slated for completion in late 2021, is part of Douglas Allred Co.’s 200-acre Park Place campus.