The seller, New York Life Insurance Co., had foreclosed on the building's prior owner, Unizo, at the end of 2024.
In the fast-evolving office sector, Class-A property owners and developers are focused on providing flexible, high-quality experiences for tenants.
The building is known as The Bedford Building and was built in 1875.
More than 23M SF of office space in 58 markets will be torn down or converted in 2025. Less than 13M SF of new construction is on the way.
The quickly growing neocloud provider inked a nearly 23K SF lease at Nuveen's 1001 Pennsylvania Ave. NW.
600 13th St., an office building owned by Union Investment located in downtown Washington, D.C., will host Bisnow’s D.C. State of The Market event on June 5.
The owner of 2000 RiverEdge Place has defaulted on its $27M loan, according to a foreclosure notice.
The city's vacancy rate fell by 3.2% in 2025, its largest decrease since 2011.
Two spec office towers from Hines and Boston Global Investors are slated to deliver soon and could add big chunks of vacancy to the city's office market.
Blackstone's purchase of the Can of Ham would mark a turning point in its strategy.
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