Former SF WeWork office hits the market for 70% discount
Ownership requested that a special servicer be appointed, citing a waterfall shortfall as the cause, according to a Morningstar Credit alert.
Snap Inc. takes over the former 23andMe space in Sunnyvale.
Even as tech firms announce future layoffs and consultancy firms predict job erosion, the REIT exec doesn’t think demand for NYC office will shrink.
The firm beat analyst expectations, but its stock price dipped after it announced results as investors speculated about its ability to hit its 2025 targets.
Executives at JBG Smith, National Real Estate Development and Foulger Pratt discussed their conversion project strategies at a Bisnow event.
The tower lost $1.4B in its most recent appraisal, triggering losses to bondholders of its CMBS debt.
Manulife US REIT has been selling off the offices that make up its current portfolio and looking to invest in other property types.
Developers plan to begin construction on 9.5M SF of office-to-residential conversions next year
Giant Group USA is moving its headquarters from California to Boulder in 2026.
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