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Due to a rise in construction costs and delivery of new buildings, some Houston office buildings are offering record-high tenant concessions.
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The Houston office market is likely to see a string of defaults that will result in some keys being handed back to lenders, speakers said at a Bisnow event.
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Several of the largest Boston-area office leases last quarter were for Class-B and C buildings as some tenants seek more affordable rents.
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Construction on new office projects continues to slow across the country, leading to a tight market for the many tenants seeking high-end space.
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OneTrust is moving from Sandy Springs to the Old Fourth Ward, taking 39% less office space.
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Pillsbury Winthrop Shaw Pittman is the latest Houston law firm to sign a major new lease.
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The D.C.-Baltimore region has a 4.4% life sciences vacancy rate, according to CBRE, but developers say they don't see enough demand to start new projects.
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The biggest leases, sales, loans and other CRE tidbits in Atlanta.
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Vacancy in the Greater Boston office market surpassed 20% for the first time in 20 years, according to Newmark's first-quarter report.
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Piedmont Healthcare will be moving to Midtown from Paces West.
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