One of the largest industrial real estate developers in the U.S., Panattoni is making a significant shift by venturing into data center development. Driven by skyrocketing demand from the artificial intelligence sector, the Irvine, Calif.…
Category: Commercial Real Estate News
Manhattan has reclaimed its position from the end of 2023 as the top market in the country for office sales volume through June, according to the latest office report from CommercialEdge. Surprisingly, before June, Manhattan…
New York-based real estate firm Tishman Speyer has sold the 2000 K St. NW property near Farragut West Metro station for $140.2 million, according to the Business Journal, which cited documents filed with the Washington,…
Microsoft’s decision to vacate its 1.9 million square feet of office space in downtown Bellevue, Wash., marks a significant transition for the city’s office market. The tech giant announced last year that it would not…
Despite the normalization of demand for industrial space and the rising cost of capital, most markets covered by Commercial Edge have experienced an increase in average sales prices this year. In fact, the latest industrial…
Two recent deals at 30 Hudson Yards continue to demonstrate the growing preference by tenants for newer buildings versus older ones. Warner Bros. Discovery (WBD) — the largest tenant at the 2.6-million-square-foot Midtown Manhattan property…
New York investment firm Clarion Partners has acquired the newly built TIA Logistics Center — a 245,000-square-foot, Class A industrial warehouse near Tampa International Airport — for $49 million (roughly $200 per square foot). Located…
NYU Langone Health recently finalized a lease agreement for 105,000 square feet of life sciences space at Innolabs in Long Island City in Queens. This agreement will result in NYU Langone relocating four research programs…
The National Wildlife Federation (NWF) has renewed its lease at Metro Center, a 184,000-square-foot office building located at 1200 G St. NW in Washington, D.C., just three blocks from The White House. In 2017, the…
Global biopharmaceutical company AstraZeneca announced an investment of $300 million to renovate and modernize an existing facility in order to create a cancer treatment manufacturing facility in Rockville, Md. Spanning more than 84,000 square meters,…
