BGO Hands Over D.C. Office Building To Lender After Buying It For $175M

BGO renovated 1200 New Hampshire Ave. NW in 2021, but the effort wasn't enough to hang onto the building.

4 Years Into Pandemic, Office Use Showing No Signs Of Big Bounce Back

Office occupancy during the first week of March was unchanged from the week prior and 2.4% higher than the same time last year, per Kastle Systems.

The Flight Is Justified: The Priciest Offices Have Higher Foot Traffic

In 25 buildings that signed three or more triple-digit leases last year, foot traffic is about 10% higher than the rest of Manhattan’s office stock.

Office-Backed Loan Delinquency Continues Climb, Posting Biggest Jump Since September

The overall CMBS delinquency rate is up to 4.66% for January.

D.C. Area Surpasses San Francisco As 'Ground Zero' Of Office Distress

Seventy-two percent of office loans in the D.C. area were at risk of default in the third quarter.

Steve Roth On 'Killer' Office Concessions, Why Vornado Bowed Out Of Casino Push

The Vornado chairman and CEO also wrote in his annual letter to shareholders that retail has hit bottom and gave an update on plans for around Penn Station.

CBRE Hires Top Boston Office Broker Away From Cushman & Wakefield

Michael Joyce spent the last six years with Cushman & Wakefield, and before that he co-founded Richards Barry Joyce and sold it to Transwestern.

JBG Smith Launches $40M Office Repositioning To Capture 'A Bigger Piece Of A Shrinking Pie'

The REIT is adding a suite of amenities to the 11-story office building at 2011 Crystal Drive, which is 43% vacant.

'Father Of CMBS' Ethan Penner Launches $1B Office Mortgage REIT

Office owners are in dire need of capital as mortgages come due this year and next.

Blackstone, Pimco Close To Deal To Sell Prominent Pennsylvania Avenue Office Complex

Columbia Property Trust, now owned by Pimco, purchased the Market Square complex in 2011 for a record per-square-foot price.