Office news – page 14

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1031OfficeInland Completes Equity Raise for St. Paul Opportunity Zone MF ProjectAug 24, 2026Inland Real Estate Investment Corporation announced the completion of the approximately $28 million equity raise for Office Conversion Opportunity Zone, LLC, a private real estate investment vehicle structured to qualify as a Qualified Opportunity Fund and sponsored by an…TenantsOfficeHyatt Commercial Completes Office Lease in Maryland with Medical PracticeAug 24, 2026Hyatt Commercial announced that Menocal Family Practice has leased approximately 8,000 square feet at 1800 Dual Highway in Hagerstown, Maryland. Hyatt Commercial brokers Treva Ghattas and Laurie Murphy-Zuiderhof represented the landlord in leasing the space.LendingOfficeBanyan Street, Independencia Refi South Florida Office With $54MAug 24, 2026Banyan Street Capital and Independencia Asset Management have nabbed $53.5 million to refinance an office complex in Doral, Fla. Wells Fargo provided the financing that backs the 290,000-square-foot Doral Center property.Representative imageDealOfficeMarcus & Millichap Brokers Sale of 218,689 SF Office Campus in Northwest HoustonAug 24, 2026HOUSTON — Marcus & Millichap has brokered the sale of The Preserve at North Loop, a 218,689-square-foot office campus in northwest Houston. Built in 1970, the 12.7-acre campus consists of seven buildings that were approximately 65 percent leased at the time of sale.Representative imageTenantsOfficeHugs Café Inc. Opens $10M SF Headquarters Office in McKinney, TexasAug 24, 2026MCKINNEY, TEXAS — Hugs Café Inc., a nonprofit organization dedicated to providing training and employment for individuals with intellectual and developmental disabilities, has opened its $10 million headquarters office in McKinney, located north of Dallas.DealOfficeFoundry Commercial Negotiates Sale of 104,897 SF Office Complex in St. Petersburg, FloridaAug 24, 2026ST. PETERSBURG, FLA. — Foundry Commercial has negotiated the sale of Castille at Carillon, a two-building office complex located at 400 and 450 Carillon Parkway in St. Petersburg, a suburb of Tampa.DealOfficeCross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office CampusAug 21, 2026Cross Ocean and Fuller Realty acquire 829K SF Energy Corridor office campus Eldridge Place.DevelopmentOfficeDevelopers Line Up To Convert Boston Offices To Housing, But Most Still Stuck At Starting GateAug 20, 2026Most of Boston's proposed office-to-housing projects have yet to start construction as developers face rising costs and policy hurdles.OfficeLincoln Property, SVP Complete Redevelopment of Playa Vista Creative CampusAug 20, 2026Lincoln Property Company and Strategic Value Partners, LLC, have completed the redevelopment of The Bluffs at Playa Vista, a 500,000-square-foot Class A office campus in the heart of Playa Vista’s live-work-play community.DealOfficeChicago/Midwest People & Company News, week of August 21, 2026Aug 20, 2026McColly Bennett Commercial Advantage is expanding its commercial real estate brokerage and dealmaking presence in Will County, establishing an office and adding two brokers in New Lenox.DealOfficeLee & Associates of Illinois Brokers Two Orland Park Property SalesAug 20, 2026Lee & Associates has closed a pair of sale transactions in Orland Park, Illinois. Carole Caveney, senior vice president at Lee & Associates’ Illinois office, represented the seller, Marquette Bank, on the off-market disposition of a 10,892-square-foot office building at 15959 S.OfficeNYC Office Investor Warns It Could Go Under As Defaults Pile UpAug 20, 2026American Strategic Investment Co. is struggling with $249M in debt as asset sales falter, casting doubt on its future.DealOfficeAzora, Vizcaya Capital Flip Coconut Grove Office Building for $62MAug 20, 2026Just a year after buying a boutique office building in Miami’s coveted Coconut Grove neighborhood, Azora Private Solutions and Vizcaya Capital sold it for a nearly $15 million gain.LendingOfficeOffice CMBS Delinquencies Surpass September 2012’s All-Time HighAug 20, 2026The office CMBS delinquency rate rose to a new all-time high of 8.89% in July 2026, surpassing the previous peak of 8.83% recorded in September 2012 and up from 8.0% a year earlier, reported Fitch Ratings. Fitch’s overall U.S. CMBS delinquency rate increased 16 basis points to 3.DealOfficeFinmarc Acquires 460K-SF North Virginia Office Portfolio for $77MAug 20, 2026Finmarc Management, Inc. has completed the $77.5 million acquisition of Highline at Greensboro, a two-building portfolio composed of approximately 460,000 square feet of commercial office space.Representative imageTenantsOfficeAmbassador Theatre Group Signs Office Lease Expansion, Extension in Midtown ManhattanAug 20, 2026NEW YORK CITY — Ambassador Theatre Group has signed an office lease expansion and extension in Midtown Manhattan.OfficeRelated-Led Group Advancing 494-Boca Raton Apartment CommunityAug 20, 2026Related Group, PEBB Enterprises and BH Group have begun work on Broken Sound Residences, a 494-home luxury residential community that marks the first milestone in the transformation of the former Office Depot corporate campus in Boca Raton.DealOfficeFinmarc Purchases Twin Office Towers in Northern Virginia for $77.5MAug 20, 2026MCLEAN, VA. — Bethesda, Md.-based Finmarc Management Inc. has completed its $77.5 million purchase of Highline at Greensboro, an office campus in Northern Virginia’s Tysons Corner submarket comprising twin 10-story office buildings.DealOfficeBerkadia Arranges $62.3M Sale of Office Building in Miami’s Coconut Grove NeighborhoodAug 20, 2026MIAMI — Berkadia has arranged the $62.3 million sale of The Grove at 3250 Mary, a five-story, 80,000-square-foot office building located on a 1.3-acre site in Miami’s Coconut Grove neighborhood.OfficeCoconut Grove Office Flipped For $15M Gain After One YearAug 19, 2026The deal represents a $15M profit in the 10 months the seller owned it.