Layoffs, Remote Work Push San Francisco Class-A Office Vacancy To New Record
Ongoing layoffs and a reluctance to return to the office have pushed vacancy higher in San Francisco.
Ongoing layoffs and a reluctance to return to the office have pushed vacancy higher in San Francisco.
Miami's office market closed the year with rising rents, despite slowed leasing activity, driving increased landlord concessions and tenant relocations.
Leasing volume was up in Manhattan in May, boosted by large leases including Bloomberg's nearly 1M SF deal.
Koelbel and joint venture partner Real Capital Solutions paid 73% less than the previous buyer.
The starting bid for 135 W. 50th St. is $7.5M.
3L Real Estate is turning the former Fort Worth National Bank building into more than 300 apartments.
The owner of Central Square, a 300K SF Midtown Houston building, is fighting for control of the building after its lender alleged a nonmonetary loan default.
Tenants gave the market back more than half a million square feet in the second quarter, as vacancy rose to 22.4%.
CCI has a track record for buying partially or fully vacant office campuses before renovating and selling at a profit.
A judge ruled Veritex Community Bank can foreclose on a Houston office building.
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