Most D.C. office buildings don't work for residential conversions, experts say, but changing financial math could allow more developers to teardown and rebuild.
Marketed sublease space hit 7.7M SF in Metro Atlanta last quarter.
Three large office buildings in Center City and one in the Navy Yard may have lost so much value from vacancy that they are worth less than their loan balances.
CBRE's Dallas HQ pullback mirrors the tough decisions being taken in corporate boardrooms across the country amid higher interest rates and spiking inflation.
Stockbridge Capital sold the 343K SF office tower for $43M to a partnership between Pebb Capital, Intalex Capital and CDS International Holdings.
Once the home of the daily newspaper the Patriot Ledger, 400 Crown Colony Drive will be up for auction starting May 1.
The flight to quality has hit Philly's suburban office market hard, with little hope that older buildings can recover or adapt.
Lender Aareal Capital Corp. is reportedly shopping the loan for sale.
SL signed 33 office leases in the fourth quarter of the year, across 196K SF.
Less liquidity in the market is expected to spur an uptick in defaults and foreclosures for the already-beleaguered asset class.
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