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Office Repositionings Get The Attention. But Disinvested Areas Offer ‘Plethora Of Choices’ For Conversions
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Office Repositionings Get The Attention. But Disinvested Areas Offer ‘Plethora Of Choices’ For Conversions

Sana Syed, senior director of strategic initiatives at the Inner-City Muslim Action Network, has worked extensively on the Go Green on Racine project, an equitable neighborhood development initiative at the intersection connecting the Englewood and West ...

Dec 06, 2023
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Office Usage Spikes Above Halfway Mark After Labor Day, Kastle Reports
News

Office Usage Spikes Above Halfway Mark After Labor Day, Kastle Reports

... most markets. Corporate policy demanding that workers return to the office have ramped up and could be contributing to the increase ... recorded gains, though more modest ones. Houston, the most-occupied office market — and the only one over 60% — was up to ...

Sep 20, 2023
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Office REIT Takes $20M Hit After Refinancing Debt With 9.25% Interest, Double Previous Rate
News

Office REIT Takes $20M Hit After Refinancing Debt With 9.25% Interest, Double Previous Rate

... unfortunately reflective of where the market currently is for commercial office properties,” Piedmont CEO Brent Smith said during an earnings ... the same period last year. Piedmont owns a 17M SF office portfolio valued at an estimated $5B. The REIT operates ...

Jul 26, 2023
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Wall Street
News

Office Landlords Hype New RTO Mandates, But Their Values Are Still 'In The Tank'

... experiencing similar hits. Those prices, along with stubbornly sluggish office occupancy, made for a less-than-buoyant mood on ... said. Vornado President Michael Franco took a similar stance, describing office negativity as a "whipping boy" for the media. " ...

May 04, 2023
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office lobby crowded lobby stock photo
News

Office Leasing Jumps In Q2 Amid Productivity Slip, Remote Work Crackdown

... quarter. The leasing boost may reflect increased confidence in office usage, with workplaces in June posting their best foot ... underway, JLL Research Manager Jacob Rowden told Bloomberg. Office values continue to deteriorate while some markets break vacancy ...

Jul 13, 2023
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Toronto office towers
News

Office Valuations Expected To Fall As Owners Take What They Can Get

... The Wall Street Journal reports, with a particular focus on office properties in New York. During Q1 2023, investors acquired about ... quality assets. The squeeze on valuations is particularly acute for office properties, but that isn't the only asset class ...

May 30, 2023
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A rendering of the redevelopment planned for 20 Massachusetts Ave. NW.
News

Office Properties Income Trust To Merge With Healthcare REIT To Reduce Exposure To Offices

... ," Bilotto said. “Against a challenging backdrop for traditional office assets, this merger provides OPI access to stabilized cash ... , Massachusetts.  Investors have pummeled the share prices of office REITs, beginning with the onset of the pandemic and ...

Apr 11, 2023
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Los Angeles office building
News

Office Vacancies In Los Angeles Threaten Properties' Viability, New Report Says

“The idea is that an office building whose occupancy drops that low is liable to struggle ... & Wakefield, said while there is trouble ahead for Los Angeles office buildings, she thinks that worst-case scenarios won’t play ...

Aug 28, 2023
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Office-To-Residential Conversion Trend Expected To Continue In Baltimore Despite Challenges
News

Office-To-Residential Conversion Trend Expected To Continue In Baltimore Despite Challenges

... and replacing them with residential units. Only specific office properties lend themselves to that reuse.  Bonilla-Verdesoto, ... ." Ceiling heights represent another primary consideration in converting office buildings. A building suited to an overhaul into ...

Apr 03, 2023
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Office Defaults, Foreclosures Expected To Escalate In Dallas
News

Office Defaults, Foreclosures Expected To Escalate In Dallas

... we will see additional distress on the horizon in office,” Will Hendrickson, senior managing director of Granite Properties, said ... what happened in the ’80s.” Some owners of distressed office stock are considering conversions to multifamily. In the downtown ...

Mar 24, 2023
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