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…
Digital Realty is advancing plans to transform a dilapidated parking structure at 727 Grand Ave. in downtown Los Angeles into a 13-story, 230,000-square-foot data center. City planning documents indicate the project will serve as a…
In October, national in-place rents for industrial properties averaged $8.22 per square foot, an increase of 6.8% year-over-year (Y-o-Y), as reported by commercial real estate (CRE) listing network CommercialEdge. While Miami led rent growth at…
Dallas-Fort Worth’s industrial market has maintained robust performance in 2024, recording over $3.3 billion in sales through September — the highest sales volume in the country. In August, the market overtook the Bay Area as…
Office attendance rates are still hovering around 51%, even as several high-profile companies such as Dell, Amazon and Meta are returning their workforces to the office.
Despite record supply and economic uncertainty, the distribution and warehousing sector remains resilient. While the pandemic-driven e-commerce boom is well in the rear-view, distribution still dominated the largest industrial projects delivered so far in 2024.…
TPG Capital has inked a deal to move into The Spiral office building skyscraper at 66 Hudson Blvd. in Manhattan. Signing for 301,276 square feet across eight floors, the deal marks the second-largest relocation in…
