Commercial Real Estate Direct Staff Report Average monthly rents for apartment units across the country increased in the third quarter by 23% from a year ago, to $1,950, according to Cushman & Wakefield The increase was the largest...
The Real Deal David Werner is said to be buying the 49% stake in the 103 million-square-foot 605 Third Ave office building in Midtown Manhattan from JPMorgan Asset Management, which offered the stake through Newmark The remaining stake in the...
Just more than 10 million square feet of office space was leased in Manhattan during the third quarter, bringing the total for the year through September to 3286 million sf, according to Colliers...
New York Business Journal Harlem Children’s Zone has paid $342 million, or $743,478/unit, for The Armstrong, a 46-unit residential condominium property in Upper Manhattan The nonprofit acquired the building from an affiliate of Arena...
Atlanta Business Chronicle Alston & Bird has renewed its lease for about 295,000 square feet of office space at One Atlantic Center in Atlanta The local law firm is reducing its footprint from about 340,000 sf at the 11 million-sf building,...
Crain’s Chicago Business Simpson Thacher & Bartlett has agreed to lease about 94,000 square feet of space at the 638,794-sf office building at 167 North Green St in Chicago’s Fulton Market neighborhood The New York law firm will...
Charlotte Business Journal Kuehne+Nagel has leased a 276,000-square-foot industrial property at 1400 Ridgeview St in Landis, NC, about 32 miles northeast of Charlotte, NC The Swiss logistics company will use the building, which is part of the Landis...
The third-quarter national office vacancy rate remained flat from the second quarter, at 198%, but is 30 basis points lower than it was a year earlier, according to Cushman &...
Commercial Observer Colorado Federal Bank has provided $23 million of construction financing for the conversion of a former event venue in Brooklyn, NY, into a 60-unit apartment property Double U Development is developing the eight-story project at...
Atlanta Business Chronicle Google, Nike, and TikTok have signed industrial leases totaling more than 3 million square feet in the Atlanta area Google leased about 1 million sf at The Cubes at Locust Grove, at 700 Price Drive in Locust Grove, Ga The...
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