Commercial Real Estate Direct Staff Report The Philadelphia area office market recorded 113,422 square feet of negative absorption last year, according to Newmark, marking the area’s fifth straight year of negative absorption The chronic...
Bisnow Joyland Management has paid $265 million for a 90% stake in 254 West 35th St in Manhattan’s Garment District, valuing the 106,000-square-foot office building at $2944 million, or $27774/sf The Brooklyn, NY, investor acquired the...
Bloomberg Palantir Technologies Inc is looking to lease additional office space in Manhattan The Denver data-integration company leases about 202,146 sf in Manhattan, including 140,345 sf at 620 Ave of the Americas The above first was reported by...
Commercial Observer GEICO has increased its footprint by 21,000 square feet to 121,000 sf at the 7272 Wisconsin Ave office property in Bethesda, Md The 348,000-sf building is owned by Carr Properties of Washington, DC CBRE represented Geico, while...
San Francisco Chronicle AI company Anthropic has fully leased 300 Howard St, a 466,000-square-foot office property in downtown San Francisco The five-year-old company has signed a 13-year deal for the 25-story property, formerly known as 199 Fremont...
Commercial Observer CBRE has provided $96 million of Freddie Mac financing against the 360-unit Prospect Place apartment complex in the northern New Jersey city of Hackensack The two-building property, at 300-310 Prospect Ave, is owned by Khosla...
Commercial Observer JPMorgan Chase Bank has increased its footprint at the 171 million-square-foot 5 Manhattan West office property in Manhattan’s Hudson Yards area by 139,322 sf to 566,549 sf The bank was paying $9283/sf in annualized base...
National monthly multifamily rents averaged $2,204/unit last year, growing by just 02% from the previous year, according to CBRE It marked the third straight year of muted rent growth, following the 2021 and 2022 rent...
Bloomberg Silverstein Properties is closer to moving forward with construction of the proposed 28 million-square-foot 2 World Trade Center in Lower Manhattan, and American Express Co is said to be nearing a deal to relocate its headquarters to the...
Crain’s New York Business A venture of Legion Investment Group and EJS Group has lined up $1911 million of financing for the development of a 34-unit residential condominium property at 11 West 13th St in the Greenwich Village section of...
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