Federal incentives, global shifts and renewed efforts to bring supply chains stateside have caused U.S. manufacturing construction spending to triple since 2021. According to the latest CommercialEdge industrial report, 100 million square feet of industrial…
Fast-fashion retailer Shein has pulled off the sublease market its 1 million square feet of industrial space at 36500 Cherry Valley Blvd. in the Inland Empire, Calif., I-10 Logistics Center, according to Bisnow. The company…
Miami’s office market has recorded its largest lease of 2025 so far, according to multiple sources: TracFone Wireless, a Verizon subsidiary, signed for more than 51,000 square feet in the Waterford Business District near Miami…
San Francisco’s office market continues to see the AI industry boost leasing activity. Fast-growing AI startup Sierra has expanded its leased space to 82,000 square feet at 235 Second St. in the South of Market…
In 2024, the U.S. office market continued its adjustment as sale prices declined while select asset types and regions showed early signs of stability. The latest CommercialEdge office report notes that the national average sale…
CBRE has finalized an agreement to acquire prominent coworking operator Industrious for $400 million, bringing its ownership from 40% to full control. The transaction values Industrious at $800 million and is expected to close later…
Despite economic pressures, Manhattan’s office market showed resilience in late 2024. Specifically, leasing activity rebounded in the fourth quarter, driven by finance firms hungry for top-tier space in prime locations like Park Avenue. Meanwhile, office…
On Dec. 30, Namdar Realty Group and Mason Asset Management acquired the 57-story office tower at 70 W. Madison St. in Chicago for $85 million. Spanning 1.44 million square feet, the building ranks among the…
Rexford Industrial Realty — one of southern California’s most active industrial property buyers — capped off 2024 with a $137.4 million purchase of a 300,000-square-foot warehouse at 2501 W. Rosecrans Ave. in Compton, Calif. The…
As 2024 concludes, the industrial market is normalizing after years of record supply, though not without facing challenges such as East Coast labor strikes, the Red Sea conflict and the collapse of Baltimore’s Francis Scott…
