Philly Office Construction Pipeline Hits Zero, Conversion Activity Slows
The completion of Chubb's build-to-suit project means Philly now has no new office underway, and the trend of converting offices to other uses has also slowed.
The completion of Chubb's build-to-suit project means Philly now has no new office underway, and the trend of converting offices to other uses has also slowed.
Silver Star Properties REIT sold a Houston office campus totaling 219K SF amid financial struggles and legal battles.
Nvidia has inked a 28K SF sublease at Douglas Development Corp.'s Woodies Building at Metro Center.
National office vacancy dipped 10 basis points from last year, with 53% of the markets tracked by Cushman & Wakefield notching declines.
Harkinson Investment Corp. acquired the 229K SF Tower 2600 building in Richardson from Orlando-based Deven Group, a subsidiary of Kajima Corp. from Japan.
Law firms leased 4.6M SF of offices in the first quarter, continuing a record streak.
RFR sold the landmark building, known as the Church Missions House, for $81.5M.
The brokerage is taking an 18K SF lease at Tishman Speyer’s 1919 Pennsylvania Ave. NW.
Lincoln Property and its investor partners acquired the seven-building campus in Wakefield for less than $65 per SF.
Asking rents are surging, availability is dropping, and there's no end in sight.
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