Unizo Delinquent On $211M Loan Tied To 2 NoMa Office Buildings
The delinquency comes after Unizo, once one of D.C.'s most active investors, lost three downtown office properties to foreclosures in December.
The delinquency comes after Unizo, once one of D.C.'s most active investors, lost three downtown office properties to foreclosures in December.
Mike Ablon of PegasusAblon and Mike Hoque of Hoque Global are planning a $350M redevelopment of the property that will include the addition of a luxury hotel.
Government agencies are waiting to see what happens with remote work before making long-term decisions about their office space.
Two San Francisco properties are reportedly on the shortlist for sale.
Soccer's international governing body expanded its footprint at 396 Alhambra Circle to 75K SF across four floors of the Coral Gables property.
A new CBRE report shows the office market bifurcation is continuing, with rents rising for Class-A and trophy properties but falling for lower classes.
As the federal government reassesses its owned and leased footprints, landlords in Massachusetts and beyond that house agencies are dealing with uncertainty.
The buildings span more than 500K SF, but have been appraised at a combined $11M value.
Newmark is looking for deep-pocketed tenants for 388 Cambridge Ave. in Palo Alto.
Standard Chartered is using building attendance to establish how much office space it needs.
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