Developers in the back half of 2025 are projected to deliver a sixth of the office space they produced in the last quarter of 2019.
Predictions made about the future of real estate in the depths of lockdowns fell mainly wide of the mark
JLL, Cushman & Wakefield, CBRE and Newmark Group all beat expectations in third quarter earnings reports.
Northern Virginia has had $3.6B in multifamily sales volume this year, more than double last year's total and well above neighboring D.C. and suburban Maryland.
Leasing volume was at a three-year high in 2024, while the final quarter of the year saw positive absorption for the first time since the beginning of 2022.
Cohen Brothers Realty's mortgage at 3 Park Ave. was transferred to special servicing last month.
A strong fourth quarter helped boost multifamily deal volume in 2024, an upward trajectory expected to carry into this year.
Chicago's Class-A office availability rate dropped 20 basis points quarter-over-quarter, the first decline in that stat since before the onset of the pandemic.
The firm brought on Guy Metcalfe, who previously led Morgan Stanley's real estate investment banking business, as senior advisor for global real estate.
IREX leases 32K SF downtown, Skanska starts leasing its new NoMa apartment building, Ozma, and more.
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