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Office Properties Income Trust filed for Chapter 11 protection in a Texas bankruptcy court Thursday.
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The Deal Sheet
Coworking Space Part of Larger Societal Trend For Our Panel at South Florida's Future of Office;
The 784k SF building was delivered LEED Platinum certified.
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Braves Already Eyeing Possible Office Expansion at SunTrust Park
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Experts say landlords are being forced to reinvest in older office properties in a corporate flight to quality.
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CIM is holding off on actual demolition until the office market returns to normalcy.
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The publicly traded REIT is lowering its dividends, citing concern over leasing in an office market beset with high vacancy rates and subleasing trends.
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During the pandemic, the joint venture added several floors of spec space to the office at 512 W 22nd St.
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The venture bought the office building at 175 W. Jackson Blvd. for $41M, 87% less than the $306M Brookfield Asset Management paid for the property in 2018.
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