D.C. Office Market Picking Up Steam, But Vacancy Keeps Hitting New Highs

D.C.'s office vacancy remains at record-high levels despite more leases closing in Q2, and it could take years for the market to meaningfully improve.

Billionaire David Rubenstein: 'Best Single Investment' Today Is Debt In Downtown Office Buildings

Carlyle Group's Rubenstein said a bright spot amid the office market distress is the opportunity to purchase assets from banks at steep discounts.

Developer Sells Office Element Of £1B Scheme To Refinance Debt

A £700M loan facility to First Abu Dhabi Bank secured against the Broadway was set to mature in March 2022.

'We Are Buying As Much Office As We Can Swallow': One Shark Is Circling Chicago’s Depressed Office Market

Capri Investment Group's Quintin Primo is on the hunt for distressed office properties at discounted prices. Other investors may look to follow his lead.

Judge Approves Bankruptcy Auction For $100M Wynwood Office Project

The Gateway at Wynwood and a neighboring Chase Bank are headed toward bankruptcy auction in June.

Why Prefabrication Could Be The Solution CRE Needs To Survive The Zombie Building Apocalypse

1.5B SF of office space in the United States is at risk of becoming obsolete and vacant this decade.

THE DEAL SHEET

Penzance Selling Watergate Office Building For $107M

Penzance is selling the Watergate office building to New York-based Steinbridge Group and Dallas-based Lincoln Property Co.

David Rubenstein On The Biden Transition, How The Pandemic Will Permanently Alter Behavior

The Carlyle Group founder said he plans to travel less in the future now that he has adjusted to Zoom meetings, and he expects many people will do the same.

Office REIT With 17M SF Portfolio Files For Bankruptcy

Office Properties Income Trust filed for Chapter 11 protection in a Texas bankruptcy court Thursday.