Fulton Market Office Has Been Going Strong, But Dwindling Supply Could Limit Its Growth
Fulton Market's office sector is among the most robust in the nation, but little is getting built these days.
Fulton Market's office sector is among the most robust in the nation, but little is getting built these days.
An $80M loan for One Riverway was deemed to be in imminent default after occupancy dipped below 65% last year.
Four Westlake is set to be sold at a foreclosure auction after the owner defaulted on a $70M loan, records show.
The building is 39% leased and has a ground-floor pharmacy chain tenant.
The fund has a 49% stake in an eight-building D.C. office portfolio along with Brookfield Properties, including one building that is going back to the lender.
Older buildings are bearing the brunt of high vacancy rates nationwide.
RXR has defaulted on its loan for a 33-story office tower in Manhattan's FiDi, and is arranging to hand the keys over to the lender.
An investor is wagering $30M that a half-vacant office building near O'Hare International Airport is on the recovery trail.
The rate of office conversions is still less than 1% and is expected to remain so in the next four years.
Kastle Systems’ most recent Back to Work Barometer shows office buildings at their highest occupancy since January.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.