The Public Buildings Reform Board met Wednesday in Boston to discuss three buildings totaling 2.7M SF that could be redeveloped if it disposes of them.
The REIT made a handful of sales in the second quarter.
Demand for office space in New York City saw trophy office space continue to fly off the market, while conversions saw millions of square feet taken offline.
The sales numbers are matching the confidence that office experts have that the market is on the road to recovery.
Brookfield is in talks on more than £500M of London loan restructurings.
Office occupancy losses accelerated in the first quarter but are expected to stabilize throughout the rest of the year, according to JLL.
Harmony Public Schools bought 1255 Enclave Parkway, continuing a wave of Energy Corridor office building sales.
Crosstree is to become the latest owner of flexible office operator Argyll Club.
The 20-story Tower at Park Lane office building is the latest acquisition in RCS' plan to acquire up to $1B in distressed properties and office loans in 2025.
Savills Research Manager Deandre Prescott said it’s too early to tell whether Q1's big deals are the beginning of a trend for the region.
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