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Office news – page 22
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222 Broadway Conversion’s Stop-Work Order Not Tied to ‘Safety Issues’: DeveloperNew York City’s office-to-residential conversion wave hit another snag less than a month after columns buckled during an apartment transformation project at the former Pfizer headquarters in Midtown.
Representative imageHowden Signs 31,519 SF Office Lease in Midtown ManhattanNEW YORK CITY — Howden has signed a 31,519-square-foot office lease in Midtown Manhattan. The global insurance brokerage firm is taking space on the 53rd floor at One Five One, a 1.8 million-square-foot tower located at 151 W. 42nd St.
Representative imageCushman & Wakefield Negotiates 14,000 SF Office Lease in Midtown ManhattanNEW YORK CITY — Cushman & Wakefield has negotiated a 14,000-square-foot office lease at 685 Third Avenue in Midtown Manhattan. The tenant, law firm Gallet Dreyer & Berkey LLP, will occupy the 28th floor of the 31-story tower, which recently underwent renovations.
Private Equity Firm Buys Former Texas Instruments Campus For New HeadquartersDhanani Private Equity Group is scooting over to Sugar Land. The firm purchased the 165K SF former Texas Instruments office building and its more than 7-acre campus in a transaction that closed on April 13, according to Fort Bend County public records.
NYC Stops Construction On Another Office-To-Residential Conversion As Inspectors Descend On Job SitesConstruction work has been halted at a second Manhattan project as city officials embark on an inspection onslaught at office-to-residential conversions following the near collapse of a Midtown skyscraper. City inspectors ordered that construction...
Olmstead Signs Luckin Coffee to 10-Year Lease in Hudson SquareOlmstead Properties has signed Luckin Coffee to a new 10-year, 1,200-square-foot retail lease at 180 Varick St., bringing one of the country’s fastest-growing coffee brands to the base of the historic Hudson Square office building.
DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For TalentWhile Dallas-Fort Worth’s growth as a financial hub has fueled the region’s flight-to-quality trend, companies are also upgrading their offices as the use of artificial intelligence grows and they compete for the best talent in the metro.
Cannae Partners Snaps Up Emeryville Creative OfficesNewmark arranged the sale of EmeryTech, a creative office campus at 1400 65th St. in Emeryville for an undisclosed sum.
Proper Title Opens Office in Chicago’s Western SuburbsProper Title, LLC, a full-service title insurance agency serving the residential and commercial real estate industries, opened its new office at 7577 Lake St. in River Forest, Illinois.
Boston Waterfront Property Planned For Hotel Project Put Up For SaleThe owner of a vacant office property on Boston's waterfront that was previously proposed for redevelopment has listed it for sale.
Representative imageAI Is Rewiring the Office-Leasing PlaybookMuch of the conversation around artificial intelligence and commercial real estate leasing has focused on whether AI will bring people back to the office. I think that’s the wrong question.
Legal AI Firm Sandstone Signs 14K-SF Lease at 141 East Houston StreetAn artificial intelligence-powered management platform designed to help law firms has signed an office lease on the Lower East Side, Commercial Observer has learned.
U.K. Fashion Brand Manière De Voir to Open First U.S. HQ at 599 BroadwayThe office staff of London-based fashion label Manière De Voir is making the jump across the pond. The fashion brand has signed an 11,200-square-foot office lease at 599 Broadway in Manhattan’s SoHo neighborhood to open its first U.S.
Representative imageFoss Secures Tax Credits for 25-Story Office Tower Conversion in Des MoinesDES MOINES, IOWA — Foss & Co., a tax credit syndicator, has secured financing for the Financial Center, a 25-story office tower in downtown Des Moines.
Good Office Design Is Good BusinessIn the summer of 2023, Greatland Realty Partners and Barings acquired an approximately 515,000-square-foot office campus at 275 Grove Street in Newton, Mass., for $117.5 million. The property had last traded just three years earlier for $235 million.
JPMorgan Sells 49% Stake in Fisher Brothers’ 605 Third Ave.JPMorgan Asset Management has sold its 49% interest in Fisher Brothers’ 605 Third Ave. at a $425-million valuation. Fisher Brothers is now seeking a new institutional partner on the 43-story, one-million-square-foot Midtown Manhattan office tower.
Simpson Thacher Appears In Talks For What Could Be One Of D.C.'s Largest Office Leases In 2026International law firm Simpson Thacher & Bartlett LLP appears to be in talks to lease a historic property near the White House, in what could become the District's largest private sector lease so far this year.
BioMed Hands Boston Lab, Office Property To LenderThe lenders on a two-building lab and office complex in Boston's South End have taken over ownership from life sciences giant BioMed Realty.
JLL Snares Listing for Legacy Central Office CampusThree buildings totaling 706,395 square feet at Legacy Central in Plano have been listed for sale by JLL. The buildings are fully leased to a variety of blue-chip tenants, including Samsung Electronics, Nokia, Freddie Mac and Publicis.
Monday Properties Receives Approval for Mixed-Use Development in Arlington, VirginiaARLINGTON, VA. — Monday Properties has received approval from the Arlington County Board for a major site plan amendment for the redevelopment two contiguous 12-story office buildings in Arlington’s Rosslyn district: 1401 Wilson Boulevard and 1400 Key Boulevard.