Commercial Property Executive is the leading integrated resource for executives and companies that own, invest in, develop, lease, and/or manage commercial real estate.
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The city’s announcement comes as more than 170 million Americans have received at least one shot of the COVID-19 vaccine and the President and local leaders ramp up efforts to get the country fully vaccinated.
The plan doubles a previous $500 million commitment to make the city a leader in the industry.
Despite these signs that the post-pandemic recovery is starting to spread into the construction sector, Dodge cautioned that “these projects are unlikely to have an impact on construction starts this year.”
Planning for commercial construction was the driver that pushed the Dodge Index to a 13-year high.
The property has changed hands for the first time since 1949.
The seven-building property off Interstate 80 in Paterson is close to Manhattan, a major international airport and the Port of New York & New Jersey.
Novavax’s Vaccines Innovation Campus will occupy a 15-acre site at 14 Firstfield Road, adjacent to the National Institute of Standards and Technology.
The biotechnology company welcomes the governor and other officials following local approval of the outline for a new headquarters and R&D project.
With the success of the industrial sector over the past year, developers are continuing to break ground on major projects across the country.
A building boom underscores the market’s stature as a national logistics powerhouse.
CBRE represented the seller in the off-market transaction.
The company acquired a Norton, Mass., property that is fully leased to U.S. Cabinet Depot.
DPIF III will align with the company’s strategy of investing in Class A, logistics facilities across major markets.
DPIF III exceeded its investment target by $300 million.
The $15 million project marks a veritable renaissance for the iconic high-rise, just as the city begins to grapple with the workplace’s new normal.
M-M Properties commenced the $15 million interior renovation of the landmark high-rise in 2019, one year after acquiring it in a $175 million transaction.
Austin’s in-the-works office projects accounted for 9.7 percent of total stock, the second largest figure in the country.
In April, Austin's under construction and planned office stock rate exceeded more than four times the national average, according to CommercialEdge.
By the end of this month, Equinix, Inc. will expand its Great Oaks campus in San Jose with the opening of SV11, its newest International Business Exchange data center in Silicon Valley.
The energy-efficient new facility is part of the campus’ transition to fuel cells as its primary electricity source.
Available sublease space more than doubled in 20 of the top 30 markets covered by #CommercialEdge.
Available sublease space more than doubled in 20 of the top 30 markets covered by CommercialEdge.
Notably bruised by the pandemic, the office sector is on track to record positive net absorption in the fourth quarter of 2021, according to NAIOP’s latest Office Space Demand Forecast.
Best- and worst-case scenarios in NAIOP's latest demand forecast indicate a return to normal by the second half of 2022.
Longfellow has done other office-to-biotech conversions. In October, the firm purchased The Foundry, a 280,365-square-foot office campus in San Diego, with plans to immediately transform it into a lab project.
Mesa West Capital provided the financing for the purchase and repositioning of a two-building campus in San Mateo, Calif.
The dramatic rise in construction costs over the past year would seem to throw the shape of future development into question.
Residential building and home improvements have contributed to an unexpected spike in demand.
The property is made up of three historic buildings on 11th Street and a new 12-story structure on 12th Street.
Natixis originated the floating-rate loan for the East End property.
Approximately 11.7 million square feet of office space are expected to finish construction this year, a 117 percent increase from 2020’s pandemic-induced slow activity.
Of the 66 projects currently underway in the Bay Area, only 22 broke ground since 2020.
According to the latest U.S. Green Building Council (USGBC) data, 37 office projects across New York City received LEED certifications in 2020.
These major projects in the nation’s largest office market earned either Platinum or Gold certification.
Block 24 broke ground in 2019 and was recently completed.
Block 24 marks the company’s second Facebook-leased building within the mixed-use Spring District development in Bellevue, Wash.
This was one of the few notable transactions in New York City’s slow office market, which is still recovering from pandemic-induced volatility.
The 220,000-square-foot building in Hudson Square previously traded for $110 million.
With restrictions loosening across the state, many are looking towards the state of the office sector, which is certain to undergo major changes.
Six properties were completed across metro Los Angeles in the first quarter, totaling just over 400,000 square feet.
The closing of the San Francisco sale depends on regulatory approval of PG&E’s proposal to return the net gain realized from the sale to its customers.
The utility firm plans to relocate from the 1.4 million-square-foot complex to a new home base in Oakland.
Born in the U.K., BentalGreenOak's Sonny Kalsi is an Indian descendent who grew up in the U.S. and worked his way up to Wall Street. He became an outspoken advocate for diversity and inclusion and now he is challenging the industry to bring thorny conversations to the surface.
BentallGreenOak CEO Sonny Kalsi on the company’s efforts to expand diversity and inclusion across the industry.
New York City-based Related Companies was also behind the largest single-asset office buy in Florida during the first quarter of 2021.
The company has re-acquired a downtown office tower that it built in 2008 as part of the former CityPlace mixed-use development.
Peloton expects to invest about $400 million in the factory, which is slated for a 2023 completion. Construction work is expected to commence this summer.
The 1 million-square-foot project will encompass manufacturing, office and amenities space.
The global health crisis has transformed not only the way people live and work, but also the manner and place they interact.
The pandemic has put the spotlight on public space, leading to dramatic transformations of New York City's urban fabric.
Silverstein Properties has revealed plans for a substantial renovation of the U.S. Bank Tower in downtown Los Angeles..
Silverstein Properties will reposition the city’s second-tallest building.
As vaccinations proliferate and optimism about the economy grows, commercial real estate investors have increasingly been stepping back up, concludes a trio of new capital market reports.
The post-pandemic world will look different, with surprising trends and unexpected bifurcations.
Goodman Group has begun development of a four-building, 1.5 million-square-foot logistics campus in Orange County, Calif.
The four-building speculative development will offer freeway access to LAX as well as the Los Angeles and Long Beach ports.
Dear followers and subscribers, we are pleased to introduce you to the newly revised Commercial Property Executive 🎉
https://www.commercialsearch.com/news/
Dear followers and subscribers, we are pleased to introduce you to the newly revised Commercial Property Executive 🎉
https://www.commercialsearch.com/news/
What will the market look like on the other side of the pandemic?
What will the market look like on the other side of the pandemic?
Carr Properties has enhanced its portfolio with one of Austin’s most prominent office assets at a time when the city is emerging from a temporary sales slump and becoming increasingly competitive.
The company has acquired a prominent downtown property, which has a current assessed value of $292.8 million.
Schonbraun has been with SL Green Realty Corp., Manhattan’s largest office landlord, for nearly two decades.
David Schonbraun worked for Manhattan's largest office landlord for nearly two decades.
The River Place portfolio consists of 500,000 square feet of office space, 735 parking spaces and about 4.4 acres of developable land.
The cornerstone of the deal is 300 River Place, a nearly century-old building converted into Class A offices in the 1980s.
Real estate stakeholders worldwide now see recovery in progress, yet market conditions are still polarized. Hear the details from RICS Economist Tarrant Parsons in our latest podcast!
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Here's a quick overview of the most noteworthy trends in industrial architecture and design now.
Now, in a world stunned by the COVID-19 outbreak, smart tech will become more important than ever to office owners and occupiers.
VIDEO: Buildings these days feature more than attention to sustainable construction and practices meant to help save the planet, they commit to factors that greatly improve people’s health and comfort, such as ample daylight and better indoor air quality.
📹Preferences are shifting, according to Jennifer Mejia, director with Gensler, who sat down with CPE at the NAREE Real Estate Journalism Conference to outline some of the most significant findings of the architecture and design giant’s most recent U.S. Workplace Survey.
Counselors of Real Estate chair Julie Melander takes a more intensive look into the key issues impacting the commercial real estate industry this year. She examines the issues with the greatest surprise factor and the biggest impact—and offers advice to prepare for what’s to come.
Executive Managing Director Alan Weisman of Lee & Associates provides insight into New York City's industrial warehouse market, revealing the changes the industry has faced during the past few decades.
James Segil, president & co-founder of OpenPath Security, reveals the reason why mobile access tech is the next generation of security and workplace automation
CPE sat down for a live chat with Amanda Bogner, president and founder of Omaha-based Energy Studio and recipient of the 2018 CREW Impact Entreprenurial Spirit Award, at CREW's annual convention in San Diego.
CPE is live with Amanda Bogner, president and founder of Energy Studio and CREW Impact award winner in San Diego at the 2018 CREW Convention and Marketplace
Cushman & Wakefield Americas Head of Research Revathi Greenwood sits down with CPE Editorial Director Suzann Silverman to offer insights into the 2020 outlook she presented at the National Association of Real Estate Editors annual real estate journalism conference in Las Vegas.
Counselors of Real Estate Chair Joseph Nahas Jr. sat down with CPE to evaluate the top issues impacting the real estate sector, both currently and in the long term, during the National Association of Real Estate Editors real estate journalism conference in Las Vegas in mid-June.
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
Join Latch on this @Multi-Housing News webinar to learn how smart access systems can deliver benefits beyond security and convenience.
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
Blackstone and Equity Office are bringing the former Sears Tower into the 21st century with a mega-makeover that will turn the iconic office building into a modern workspace with leisure amenities, technology and experiential dining. Read the full story: https://www.cpexecutive.com/post/first-look-at-the-500m-willis-tower-redevelopment/
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
CPE's Stars To Watch 2018 Ten of the industry’s top young professionals who are achieving success while making a difference for their companies.
We're live at Resource Furniture for #CPEMHN17
We're live at Resource Furniture for #CPEMHN17
Getting ready for the big CPE-MHN awards party!
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