Watergate Office Building Trades Hands For $52.5M
Family office Jetset Hospitality LLC purchased Watergate 600, which weighs in at 309K SF, as part of a 1031 exchange.
Family office Jetset Hospitality LLC purchased Watergate 600, which weighs in at 309K SF, as part of a 1031 exchange.
Blackstone's decision to walk away from its three-asset Cedar portfolio does not mean the company has lost interest in the Dublin market.
When considering what to do with an outdated office, investors need to focus on understanding how to create what occupiers want.
The media giant is offering employees an eight-week severance package if they don't want to come into the office starting in January.
The South Jersey office market hasn't had any office projects built since Covid, but it's unclear if new trophy space in downtown Camden will uplift the city.
With economic uncertainty, firms may be scaling back on amenities in the near future.
Low availability of top-tier Manhattan office space and surging demand could lead to the greatest development opportunities in over a decade, landlords said.
The sweeping cuts to federal healthcare spending in President Donald Trump's budget aren't expected to blunt growing demand for medical office buildings.
As office property values dip lower and self-storage demand grows, owners are increasingly interested in swapping out the asset classes.
Office Properties Income Trust filed for Chapter 11 protection in a Texas bankruptcy court Thursday.
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