REPORT: U.S. Offices With Biggest Vacancy Jumps All Have A Lot In Common
Smaller office properties suffered more than larger ones, but age didn't seem to factor in.
Smaller office properties suffered more than larger ones, but age didn't seem to factor in.
The company said it plans to use the proceeds to cover part of the balance on a credit facility.
WeWork’s doubts about its future come as Denver’s flex office market continues to contract.
The real estate arm of tequila maker Jose Cuervo has acquired 300 South Wacker Drive for about 60% of its pre-pandemic value.
Torose Equities, Lndmrk Development and Terranova Corp. purchased a 220K SF office building at 255 Alhambra Circle.
The list includes Lego, Deloitte, Amazon and MFS Investment Management, which took the top spot by renewing its 300K SF lease at 111 Huntington Ave.
The property was 78% occupied as of September, down from 100% at the beginning of 2022.
The building is one of a pair PRP purchased for $40M after they were foreclosed on.
The desirability gap between Class-A and Class-B downtown office properties is widening, particularly in submarkets like Fulton Market, per a Savills Q4 report.
Two energy companies renewed their leases in Downtown Houston in a positive side to the energy industry's office market.
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