Office news – page 20

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Representative imageTenantsOfficeSnapchat Parent Company Subleases 199K SF From Verizon at Penn 2Aug 3, 2026Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District.DealOfficeFashion House Veronica Beard Expands HQ to 60K SF at 26 West 17th StreetAug 3, 2026Apparel retail brand Veronica Beard has expanded its office headquarters to approximately 60,000 square feet at the Winter Organization’s 26 West 17th Street in Midtown South, according to landlord broker CBRE.LendingOfficeCMBS Loan Backed by Pittsburgh’s Gateway Center Liquidates at $65M LossAug 3, 2026An iconic office complex in the City of Bridges has hit a dead end.Representative imageTenantsOfficeMidtown South Led Manhattan Office Leasing’s Stellar July PerformanceAug 3, 2026So you think Manhattan office leasing has a summer slump? Fuhgeddaboudit! Manhattan office leasing velocity in July increased by 22 percent over June’s volume, helped along by healthy square-footage appetites and ample activity in Midtown South.DevelopmentOfficePartnership Underway on Renovation of 22-Story Office Building in Midtown ManhattanAug 3, 2026NEW YORK CITY — A partnership between A.M. Property Holding Corp., Axonic Capital and Platinum Properties is underway on the renovation of 11 Bryant Park Plaza, a 22-story office building in Midtown Manhattan.TenantsOfficeSapien AI Signs 11K-SF Lease at Kaufman’s 48 West 25th StreetAug 3, 2026A bipedal artificial intelligence firm is evolving into a new Midtown South office, Commercial Observer has learned.DevelopmentOfficeJVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec OfficeJul 31, 2026With new office construction at historic lows across the country, JVP Development’s spec building in Frisco isn’t the type of thing happening outside of…DealOfficeLocally Based Investors Acquire Encinitas Offices from Family TrustJul 31, 2026Cushman & Wakefield, along with locally based buyers DMJ Capital Partners, LLC and StoneSteps Real Estate, LLC, announced the acquisition of a multi-tenant office property, located at 169 Saxony Rd. in Encinitas, for $13.5 million.DealOfficeThe Wideman Co. Buys Downtown Tower From Brookfield: The Houston Deal SheetJul 31, 2026This week in Houston real estate news, Avison Young has a new market leader, an Orlando firm expands its Downtown Houston office holdings, and more.TenantsOfficeR.W. Holmes Tapped to Lease Former National Amusements Headquarters in NorwoodJul 31, 2026R.W. Holmes Commercial Real Estate has been retained as leasing agent for 846 University Ave., a Class A office property in Norwood, MA.DealOffice270-Unit Manassas Gated Community Sells: The D.C. Deal SheetJul 31, 2026Also this week, a downtown D.C. office building sells for $26M, new leasing activity at 1800 M, Prince George's County Planning Board has a new head, and more.DealOfficeProminent Austin Office Tower Trades for $208MJul 31, 2026Cousins Properties Inc. has sold the One Eleven Congress office building in downtown Austin to Canyon Creek Real Estate. Cousins sold the One Eleven Congress office building for $208 million. Eastdil Secured brokered the sale.Representative imageDevelopmentOfficeSkender Begins Conversion of Chicago Office Tower into 320 Apartment UnitsJul 31, 2026CHICAGO — Skender has begun construction on the 500 N. Michigan Ave. adaptive reuse project, which will convert the 400,000-square-foot office tower into 320 apartment units on Chicago’s Magnificent Mile.Representative imageTenantsOfficeAdvocates Signs 95,182 SF Office Lease in Marlborough, MassachusettsJul 31, 2026MARLBOROUGH, MASS. — Advocates, a nonprofit organization that supports people with behavioral health disorders, disabilities and brain injuries, has signed a 95,182-square-foot office lease in the western Boston suburb of Marlborough.Representative imageDevelopmentOfficeJT Magen Completes 42,000 SF Build-to-Suit Office Project in Midtown ManhattanJul 31, 2026NEW YORK CITY — National construction firm JT Magen has completed a 42,000-square-foot office project in Midtown Manhattan that is a build-to-suit for auction house Bonhams.TenantsOfficeArtificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQJul 31, 2026OpenAI has leased the Tropical Fruit Warehouse as its new European headquarters, taking 88K SF to support its growing workforce. The artificial intelligence giant, which has circa 100 employees in Dublin today, is planning to create 250 new roles over...DevelopmentOfficeThe Next Office Cycle Will Be Defined by Scarcity, Not OversupplyJul 30, 2026After years of uncertainty in the office sector, shrinking construction pipelines, improving leasing activity, and the ongoing preference for high-quality space are leading to a more selective market.OfficeNYC Taxi and Limousine Commission Takes 39K SF at AmTrustRE’s 250 BroadwayJul 30, 2026This TLC wasn’t exactly chasing waterfalls, just a new office. The New York City Taxi and Limousine Commission is relocating to AmTrustRE’s 250 Broadway across the street from City Hall Park in Manhattan’s Financial District, the property owner announced Thursday.Representative imageOfficeDeclining Empire State Building Visits Drive Q2 Loss for ESRTJul 30, 2026New York City’s declines in international tourism over the past year since President Donald Trump assumed office are starting to affect Empire State Realty Trust (ESRT)’s finances.OfficeX Capital Developing Melissa Mixed-Use ProjectJul 30, 2026X Capital has started work on a mixed-use development in Melissa, just outside McKinney. The Dallas Business Journal reports the company is bringing new retail and office space to the fast-growing city. And apartments may be down the road.