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The law firm inked a deal to lease 196K SF at Grosvenor's 1701 Pennsylvania Ave. NW, taking 94% of the office space in the building near the White House.
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The federal government has offloaded the first in its slate of Southwest D.C. buildings earmarked for accelerated disposition and has the second under contract.
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New office development in Chicago is constrained by a few factors: more expensive debt, escalating construction costs and a premium placed on equity.
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Nearly half of major U.S. industrial markets saw sentiment shift year-over-year, with most moving closer to landlord-favorable conditions.
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Net absorption across the country hit 124,600 units in the second quarter, up 8% year-over-year.
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The move to divest from the stores comes nearly one year after Verizon laid off 13,000 staff in the biggest reorganization in the company's history.
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The pace of hotel development activity in Dublin has increased significantly in the last couple of years, according to Cushman & Wakefield research.
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Professionally managed short-term rental companies like Sonder and Stay Alfred are gaining appeal for business travelers, the key demographic for hotels.
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Manchester is a relatively well performing tier one location according to Cushman & Wakefield analysis of U.K. high streets
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IKEA is a step closer to unloading massive real estate assets in $1.1B deal.
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