DFW-Area State Farm Campus Sale Touted As Largest U.S. Office Deal This Year

A real estate investment firm led by the former owner of the Phoenix Suns acquired the 2.2M SF campus for an undisclosed amount.

KBS REIT Sells Off Houston Office Property For A Third Of Its Purchase Price

Eight years after buying The Offices at Greenhouse for $47M, KBS Growth & Income REIT sold the building for $17.6M.

Average Office Rents Continue Ticking Up Despite Rising Vacancy, Piles Of Sublease Space

The average office rent in the country is $35.25 per SF, a slight increase from the $34.92 average rent in Q4 2019.

BXP Placing Another Bet On Office With 'Extensive' Renovation Of D.C.-Area Building

The 11-story property at 5404 Wisconsin Ave. in Chevy Chase was 64% occupied as of the end of the year.

Broward County Office Owner Faces Foreclosure As It Pitches Investors On Redevelopment

The owner of the 44K SF office building on Oakland Park Boulevard stopped paying the property's mortgage after just two months.

An Office-To-Resi Conversion Could Be In The Cards Near Penn Station

Last year, an investor and a South Korean media firm bought a Manhattan office tower. Now, they’re planning a residential conversion.

Lenders Move To Foreclose On Uptown Dallas Office Tower

A Houston-based REIT defaulted on the building's $16M loan in August.

Boutique Miami Beach Office To Be Pritzker Prize Winner's First U.S. Project

Sumaida + Khurana tapped Pritzker Prize winner Eduardo Souto de Moura to design a 93K SF building two blocks from its first under construction office.

Congress Presses FBI On Office Space Use As New HQ Plan Advances

The GSA released a report detailing plans for the new FBI headquarters in Greenbelt, and it is seeking approval on six other FBI leases across the country.

Citadel’s New Real Estate Chief Sees A Return To A Different Kind Of Office

Paul Darrah discussed the cities that Citadel is focused on growing in and what it takes to bring workers back to the office after the work-from-home era.