NYC Office Market Ahead of National Curve: Manhattan Q1 Vacancy Drops to 13.1%Â
New York City’s office market outpaced the U.S. on several major metrics in Q1, with Manhattan vacancy nearly 5 percentage points below the national benchmark, asking rents climbing against a downward national trend and flex inventory crossing 15 million square feet.
Yardi Further Expands Commercial Listing Network with CloudVO Acquisition
The strategic move provides clients with a broader reach, increased lead generation and seamless syndication across multiple platforms.
Yardi Launches CoworkingCafe.com, Creating End-to-End Solution for Flex Space Operators & Owners
Real estate tech innovator Yardi has further expanded into the flex space market with the release of CoworkingCafe.com and the acquisition of CoworkingMag.com. Flex space owners and operators can now streamline operations with the very first end-to-end coworking and flex solution on the market with the combination of the CoworkingCafe commercial listing platform and Yardi…
Newmark Completes $815 Million Sale of 2-Building Office Complex in Cambridge, MA
Newmark announced it had completed the sale of a 408,000-square-foot office complex in one of Massachusetts’ most prestigious neighborhoods and life sciences hotspots.
United Rentals Inc. Joins ESRT Tenant List at First Stamford Place
Empire State Realty Trust recently announced it had added another tenant to its prestigious roster in one of Connecticut’s most sought-after business parks.
Innovatus Capital Partners Acquires 5-Story San Diego Office Building
Innovatus Capital Partners, a New York City-based portfolio management firm, recently announced the purchase of the Pinnacle, a five-story, 110,128-square-foot office property in the San Diego suburb of Rancho Bernardo, Calif. A branch of real estate firm Lincoln Property Company is set to provide property management services for Innovatus’ new office building, marking Lincoln’s 13th…
Industrial Campus in Los Angeles’ South Bay Sells for $182 Million
Newmark announced the sale of a 576,000-square-foot industrial tech campus in the Los Angeles metro for $182 million.
Yardi’s Homeowner Assistance Fund Software Helps Agencies Manage ARP Aid
As states are getting ready to distribute close to $10 billion in aid through the ARP’s Homeowner Assistance Fund (HAF), Yardi has launched an all-in-one platform to support the efforts. Mortgage Relief, a powerful HAF software, completely streamlines the fund disbursement process, enabling easy online applications, case management and payments. How The HAF Helps Homeowners…
NHRA Sells Glendora Office in Bid to Relocate to Indianapolis
The National Hot Rod Association (NHRA) recently listed for sale its headquarters in Glendora, Calif., as part of its plans to relocate to Indianapolis. After the experience of working from home due to the pandemic, the NHRA has determined that it can reduce its 28,335-square-foot office and warehouse footprint in Glendora, which is considered the…
USAA Expands Operations to Charlotte
The USAA has announced it is increasing its Southern U.S. presence, by expanding operations to North Carolina. The firm has signed a lease for office space in Charlotte, at The Square at South End.
Hines Fund Pays PG&E $800M for San Francisco Office Property
A fund affiliated with Hines recently agreed to purchase PG&E’s San Francisco headquarters as the utility and energy company is preparing for a relocation and consolidation in Oakland.
Yardi’s Rental Assistance Software Offers Real Solutions for Governments & Renters
The ongoing COVID-19 pandemic has left households across the country struggling to pay bills and basic utilities. And, although the government stepped in with the $25 billion Emergency Rental Assistance (ERA) program, there has been one big problem: how to best get the money to those who need it most. Enter rental assistance software. This…
MetLife Investment Management Sells 304,000-Square-Foot Denver Office Building
Metlife’s asset management branch recently announced the sale of a 304,000-square-foot office tower in Denver for $74.3 million.
Highwoods Properties Acquires 636KSF Raleigh Office Complex
The REIT paid $131 million for its venture partner’s 75% stake in a Raleigh office campus.
CIM Commercial Trust Signs New Long-Term Tenant in Austin Office Campus
REIT CIM Commercial Trust signed a tenant for eight years in one of Austin’s most popular destinations for office space.
PennyMac Signs Lease for 75KSF Phoenix Office Building
Mortgage lender PennyMac Loan Services recently announced it had signed a lease for 3201 E. Elwood St. in Phoenix, a 74,625-square-foot office building. The landlord — Oklahoma City-based Arnold Realty LLC — was assisted in the negotiations by JLL managing directors Mark Gustin and Dave Seeger. Situated right next to I-10 and within easy access…
Specialty Lender Trinity Capital Inc. Signs Lease for New HQ in Phoenix
Trinity Capital — a lender specializing in loans and equipment financing for growing tech companies — announced a lease for an office space in Phoenix that it intends to turn into its new headquarters.
Historic New Integration Partnership Announced Between CommercialEdge & Buildout
The CommercialEdge and Buildout partnership is set to boost leads for clients by connecting their huge array of CRE listing sites.
Apple Leases 2 Additional Floors in Midtown Office Building
Apple recently announced it had signed its biggest lease yet in New York City — a 336,000-square-foot office space in Midtown Manhattan.
Brookfield Acquires 343K SF Office Building in Bellevue, Wash., for $365M
Brookfield announced it had purchased a 343,000-square-foot Bellevue commercial property currently occupied by Facebook.
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