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Office news – page 38
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Vacant Quincy Offices Eyed for Age-Restricted Condo ProjectAtlantic Development plans to demolish a vacant office building in Quincy, MA and replace it with a five-building, 315-unit condominium development for residents 55 and older, reported the Boston Business Journal.
Webinar: Industry Hasn’t Seen the Bottom of Property Distress YetThe bifurcation we’re seeing in the office market between sought-after trophy properties and those with occupancy challenges extends to the realm of distressed real estate as well, said James Shevlin, president and COO of CWCapital.
Dwight Capital Provides $114M HUD Loan for Milwaukee Office-to-Resi ConversionA joint venture between Klein Development and MOS R.E. has sealed $114 million of U.S. Department of Housing and Urban Development (HUD)-backed debt for the conversion of a Milwaukee office tower into luxury apartments, Commercial Observer has learned.
Representative imageState of California Secures 20K-SF Office at 1180 Avenue of the AmericasThe State of California has leased 20,000 square feet of office space at 1180 Avenue of the Americas, Commercial Observer has learned. The deal appears to mark a relocation of the California Franchise Tax Board’s Manhattan field office.
Representative imageShirley Aninias School Signs 23K-SF Lease at 30 Wall StreetThe Shirley Aninias School (SAS), a private special education program for children, has signed the largest lease to date at a Financial District office building.
Law Firm Jones Jones Relocates within Financial DistrictLee & Associates NYC completed a new office lease for Jones Jones LLC at 44 Wall St. in Manhattan’s Financial District. The law firm signed a 10-year, nine-month lease for 5,311 square feet.
Chicago Commercial Real Estate Awards Event Raises $1M for Hunger ReliefMore than 800 of Chicago’s commercial real estate professionals recently gathered at The Old Post Office to celebrate the 38th Annual Chicago Commercial Real Estate Awards presented by Associated Bank. The event raised $1.1 million to support the Greater Chicago Food Depository.
Regence BlueCross BlueShield Signs 90K-SF Office Lease in VancouverRegence BlueCross BlueShield has signed a lease for 90,000 square feet at Terminal 1 in Vancouver. Portland-based Regence, which is part of Cambia Health Solutions, has been in downtown Vancouver since January 2024, reported the Portland Business Journal.
LXP Acquires 628K-SF Phoenix Office CampusEpic Apollo recently sold a Phoenix office campus for $103 million to LXP Industrial Trust. Epic Apollo paid $183 million for the three-building property at Broadway and 32nd Street in 2015.
Representative imageMiQ Digital USA Signs 18,600 SF Office Lease Expansion in Midtown ManhattanNEW YORK CITY — MiQ Digital USA, an AI-powered advertising company, has signed an 18,600-square-foot office lease expansion at 261 Fifth Avenue, a 25-story, 450,000-square-foot building in Midtown Manhattan.
25 Kent Offers Companies A Cutting-Edge Office Experience Along The Williamsburg WaterfrontAs creative and technology companies, especially those working with artificial intelligence (AI), have increasingly been taking larger blocks of space throughout New York City, many have found it more appealing to young talent to make their home across the East River from…
AI Marketing Platform Hightouch Takes 18K SF at 275 Seventh AvenueHightouch, a data and artificial intelligence agent platform for marketing, has relocated to 275 Seventh Avenue in Midtown South. The San Francisco-based firm’s new 18,000-square-foot lease takes over the entire 21st floor of the 28-story Chelsea office building.
AI Is in the Office in New York, and Other ObservationsArtificial intelligence firms are filling office buildings at an accelerated pace recently, but that doesn’t bring much comfort to landlords and brokers tracking layoffs in the tech industry thanks to machine learning taking the jobs of the programmers who made it.
Newmark Arranges Sale, Financing of 1.4 MSF Office Campus in IrvingIRVING, TEXAS — Newmark has arranged the sale and financing of The Towers at Williams Square, a 1.4 million-square-foot office campus in Irving’s Las Colinas district.
Report: Chicago Office Market Remains Steady as Inventory DeclinesChicago’s suburban office market remained largely unchanged during the first quarter of 2026, according to a recent report from Transwestern.
Law Firm Fox Rothschild Moving to Another Related Ross Building in West PalmLaw firm Fox Rothschild will relocate from one Related Ross-owned office building to another in Downtown West Palm Beach, Fla. The firm signed a 17,250-square-foot lease at the 15 CityPlace office development, which remains under construction, according to Related Ross.
North America Office Fit-Out Costs Face Structural ResetThe cost of building out modern office space in the U.S. and Canada has been structurally reset, with average fit-out costs now reaching $295 per square foot for a medium-quality space. That’s according to the new U.S.
Silicon Valley Initiative Partnership Receives $74.1M in Financing for Office-to-Residential Conversion Project in San JoseSAN JOSE, CALIF. — Silicon Valley Initiative Partnership has received $74.1 million in financing for the conversion of the historic Bank of Italy building, located at 12 S. 1st St. in downtown San Jose, into a mixed-use residential and retail property.
Representative imageTrade Winds Properties Acquires Office Condos in Tucson for $1.8MTUCSON, ARIZ. — Trade Winds Properties LLC has purchased 13,602 square feet of office condos within St. Mary’s Medical Plaza II, located at 1704 W. Anklam Road in Tucson. NWI St. Mary Medical Plaza Holdco LLC sold the assets for $1.8 million.
Colliers Completes Sale of 321K-SF Kansas City Office BuildingColliers completed the sale of 2323 Grand Boulevard, a 321,000-square-foot office property located in Kansas City’s Crown Center sub-market. Senior Vice President Evan Warwick represented the owner, and Principal Bryan Johnson represented the buyer.