The latest commercial real estate news and developments.
Defying broader remote work trends, law firms across the United States have significantly increased their physical footprint, pushing leasing activity well beyond pre-pandemic benchmarks. New data indicates that the legal industry remains a steadfast anchor tenant in a turbulent office market.
RXR and One Investment Management have landed nearly half a billion dollars in financing to reposition a struggling Financial District office tower into nearly 800 rental units, marking one of the most significant adaptive reuse projects in downtown Manhattan.
Atlanta-based MDH Partners has significantly strengthened its Southern California holdings with the acquisition of a major distribution center in Chino. The $105 million deal is part of a larger seven-building portfolio purchase formerly held by Nuveen.
Meridian Capital Group has successfully brokered a $63.5 million Freddie Mac loan for Wayne Village, a 275-unit garden-style property in Wayne, New Jersey. The deal underscores the continued appetite for agency-backed financing on institutional-quality assets in the Northern New Jersey suburban corridor.
386 Park Avenue South has secured three new tenants totaling over 65,600 square feet, with venture capital firm Primary Ventures and software company Sigma Computing each committing to approximately 26,250 square feet in the Manhattan property.
In a surprising turn of events, New York Mayor Zohran Mamdani and President Donald Trump have convened to discuss the revival of the Sunnyside Yards housing project, potentially unlocking a massive new inventory of affordable residences in Queens.
A recent Supreme Court decision striking down key elements of the Trump administration's tariff framework initially promised substantial relief for commercial real estate stakeholders, but industry experts say the path forward remains clouded by legal and procedural hurdles.
As New York City construction projects face mounting pressures from tight budgets and complex regulatory approvals, progressive design-build delivery methods are emerging as a critical strategy for keeping developments on track and financially viable.
A New York City-based multifamily specialist has added three adjacent walk-up buildings on West 96th Street to its holdings, continuing a strategy of concentrated neighborhood investment in Manhattan's residential corridors.
Denver-based data center developer Cologix has acquired the 40-acre Beaumeade Corporate Park in Ashburn, signaling continued aggressive investment in Northern Virginia's booming data center market. The $375 million deal underscores the premium that operators are willing to pay for well-positioned assets in "Data Center Alley."
State legislators have reintroduced a measure aimed at extending rent stabilization protections to commercial tenants, potentially reshaping the landscape for small businesses and property owners alike.
The commercial real estate brokerage surpassed Wall Street expectations with fourth-quarter earnings of 68 cents per share, demonstrating resilience despite recent volatility driven by broader concerns about artificial intelligence's impact on the industry.