Peakstone Realty sold a Westminster office sale for $32M.
The building has been nearly empty since Zendesk's departure in 2022.
Dassault Systèmes has called 175 and 185 Wyman St. home since 2010.
Even when stabilized, the value of the Willis Tower is expected to be below Blackstone's loan balance.
Occupancy at the building is 35% and expected to drop further.
The renewal was one of the largest of the third quarter, continuing BNY’s presence in the building since 1980.
Artificial intelligence has fueled office leasing in San Francisco and the broader Bay Area.
Kilroy has to continue its leasing momentum to take down the rest of its expected 2026 vacancies.
Legal firms are continuing to expand in Dublin as professional services registers 6% of total office takeup in the first half amid lower vacancies.
The investment management firm bought up more than 40% of the REIT's recent stock offering.
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