Office

Cushman & Wakefield Brokers Sale of 41-Story Office Tower in Chicago

by Kristin Harlow November 11, 2026

CHICAGO — Cushman & Wakefield has brokered the sale of 121 W. Wacker, a 41-story office tower overlooking the Chicago River. The buyers, Chicago-based investors Ken Buckman and Robert Castillo, intend to invest substantial capital to re-energize the nearly century-old building. Planned enhancements include a significant upgrade to the outdoor amenity terrace and 24th-floor conference center, a remodeled restaurant and bar managed by a Chicago hospitality firm and a refreshed main lobby. Ware Malcomb will oversee all interior and exterior architecture, with Ameritus continuing as the building’s property manager. Completed in 1930 and designed by Chicago architects Holabird & Root, the 441,030-square-foot property stands as one of the city’s most recognizable Art Deco skyscrapers. Originally known as the LaSalle-Wacker Building, the tower is located at the gateway to Chicago’s historic LaSalle Street corridor. The building is now included within the West Loop-LaSalle Street Historic District on the National Register of Historic Places. United Airlines and McDonald’s both maintained offices at the property previously. Cody Hundertmark and Tom Sitz of Cushman & Wakefield represented the seller, Chicago-based Ameritus. Cushman & Wakefield has been retained as the leasing agent for the property, with Mason Taylor and Paige Krueger leading leasing efforts. According …

November 11, 2026

Leasing Activity Office Texas

Selerix Insurance Services Signs 28,400 SF Office Headquarters Lease in Plano

by Taylor Williams November 10, 2026

PLANO, TEXAS — Selerix Insurance Services has signed a 28,400-square-foot office headquarters lease in Plano. The space is located within One Legacy Circle and represents both an expanded footprint and consolidation into a single location for the company. Alan Wood of Site Selection Group represented Selerix in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services and Eduardo Gildenson of Gildenson Real Estate represented the landlord.

November 10, 2026

Loans New York Northeast Office

Houlihan-Parnes Secures $13.7M Loan for Refinancing of White Plains Office Building

by Taylor Williams November 10, 2026

WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors has secured a $13.7 million loan for the refinancing of a 134,000-square-foot office building in White Plains, located north of New York City. The five-story building at 4 W. Red Oak Lane offers amenities such as a café and a fitness center and is home to tenants in industries such as real estate, financial and legal services, as well as insurance and telecommunications. James Houlihan and Andrew Greenspan of Houlihan-Parnes arranged the five-year, fixed-rate loan on behalf of the borrower, GHP Office Realty, which is an affiliate of Houlihan-Parnes.

November 10, 2026

Arizona Loans Office Property Type Western

RED Development Receives $69.3M Refinancing for Offices at The Grove in Phoenix

by Amy Works November 9, 2026

PHOENIX — RED Development has obtained $69.3 million in refinancing for The Offices at The Grove, a Class AA office building in Phoenix. Kevin Mackenzie, Jason Carlos and Frank Chums of JLL Debt Advisory team arranged the five-year, fixed-rate loan with PGIM’s real estate investment group for the borrower. The financing collateral consisted of the office building, Pyro restaurant, two retail spaces and an underground parking facility. Completed in fourth-quarter 2022, The Offices at The Grove features 185,536 square feet of fully leased office space. Current tenants include JPMorgan Chase, Clayco, First Solar, JLL, PwC, Caterpillar and Aon. The property offers best-in-class amenities, including a rooftop pickleball court and pavilion, first-floor dining with Pyro (a Japanese izakaya bistro by Flagship Restaurant Group), views of Camelback Mountain and 631 parking spaces in shared structured parking.

November 9, 2026

Leasing Activity New York Northeast Office

New York State Unified Court System Signs 16,000 SF Office Lease in Long Island

by Taylor Williams November 6, 2026

GARDEN CITY, N.Y. — The New York State Unified Court System has signed a 16,000-square-foot office lease in the Long Island community of Garden City. The space is located on the third floor of Garden City Center, a 200,000-square-foot building that offers amenities such as a conference center, fitness center, café and a tenant lounge. Ralph Guiffre of CBRE represented the tenant in the lease negotiations. Andrew Wiener and Robert Fisher represented the landlord, The Feil Organization, on an internal basis.

November 6, 2026

Acquisitions Illinois Midwest Office

Cushman & Wakefield Arranges $115M Sale of Chicago Office Tower

by Kristin Harlow November 6, 2026

CHICAGO — Cushman & Wakefield has brokered the $115 million sale of 225 W. Wacker Drive, a Class A office tower overlooking the Chicago River in downtown Chicago. Prime Finance and Hines purchased the property from Spear Street Capital. The 31-story, 651,000-square-foot building is situated where Chicago’s West Loop and River North neighborhoods converge. Tenants include Cushman & Wakefield, which will remain an anchor tenant under the building’s new ownership. Cody Hundertmark, Tom Sitz, Jeremiah Olsen and Kelsey Berry of Cushman & Wakefield represented the seller. Jeff Altenau of Cushman & Wakefield advised Prime Finance in sourcing acquisition financing. Cushman & Wakefield is also expected to be retained to oversee property management and agency leasing on behalf of Prime Finance. During Spear Street Capital’s tenure, the property underwent significant capital improvements, including a lobby renovation, upgraded conferencing and collaboration spaces, a hospitality-driven tenant lounge, fitness facilities and an outdoor rooftop terrace. The new ownership plans additional investments, including a re-envisioned lobby-level restaurant and bar.

November 6, 2026

Loans Office South Carolina Southeast

Redline, WDIP Secure Refinancing for 87,380 SF Creative Office Property in North Charleston

by Abby Cox November 6, 2026

NORTH CHARLESTON, S.C. — Redline Property Partners and Walker & Dunlop Investment Partners (WDIP) have secured an undisclosed amount of capital for the refinancing of Port 26, an 87,380-square-foot creative office property located in North Charleston. Patterson Real Estate Advisory Group arranged the loan on behalf of the borrowers through United Bank. Further details of the transaction were not disclosed. Redline acquired the vacant former Department of Defense building in December 2021 and completed a comprehensive renovation in 2023. The property was fully leased at the time of financing to six tenants: RXO, KBR Engineering, Beazer Homes, Ryan Homes, Integrated Controls and Information and Prometric, with a weighted average lease term (WALT) of 5.5 years. Port 26, which is situated within a federal HUBZone, is also in proximity to Boeing’s 787 campus, the Naval Information Warfare Center and the Port of Charleston.

November 6, 2026

Acquisitions Content Partner Development Industrial Leasing Activity Lee & Associates Midwest Multifamily Northeast Office Retail Southeast Texas Western

Lee & Associates’ Q3 2026 Report: Industrial Rebounds, Office Stalls, Retail and Multifamily Gain Ground

by Sarah Daniels November 6, 2026

After three years of new construction outpacing tenant demand in many sectors and areas, commercial real estate posted a mostly encouraging report card in the third quarter of 2026. Lee & Associates’ 2026 Q3 North America Market Report shows industrial demand nearly doubled from the second quarter, while retail and multifamily extended their rebounds. Office, the sector that had been staging a comeback, slipped back into negative tenant demand territory. Sponsored: Download Lee & Associates’ 2026 Q3 North America Market Report. Industrial Overview: Tenant Growth Gains in United States There has been broad general improvement across North American industrial markets, with demand for space rebounding in the United States. Third-quarter net absorption totaled 84,081,618 square feet, as more users gradually have set aside tariff and trade concerns that have hobbled tenant expansion since 2023. The third-quarter gains are an 89 percent improvement from 44.4 million square feet in the second quarter and a year-on-year jump of 172 percent. The third quarter’s growth brought the year-to-date total to 161.2 million square feet as net absorption has recovered from three years of tepid growth. Despite the increase so far this year, tenant expansion continues to fall short of absorbing the volume of deliveries that …

November 6, 2026

Acquisitions Office Texas

LaSalle Acquires Stake in CityWest Office Campus in West Houston

by Taylor Williams November 5, 2026

HOUSTON — LaSalle Investment Management has acquired an equity stake in CityWest, a four-building, 1.5 million-square-foot office campus in West Houston. The percentage was not disclosed. CityWest was purpose-built for BMC Software as a 39-acre corporate headquarters campus near the intersection of I-10 and Beltway 8 and was 98 percent leased at the time of the recapitalization. The property offers amenities such as a recently renovated fitness center, basketball court, multiple dining venues and outdoor gathering areas. LaSalle acquired the stake a joint venture with investment firm 3Edgewood.

November 5, 2026

Development New York Northeast Office

Marx Realty Begins $68M Repositioning of Midtown Manhattan Office Building

by Taylor Williams November 5, 2026

NEW YORK CITY — Marx Realty has begun the $68 million repositioning of 430 Park Avenue, a 19-story, 300,000-square-foot office building in Midtown Manhattan. The project will involve a redesign of the lobby and the introduction of indoor and outdoor amenities, including a parlor, library, golf simulator lounge and an indoor/outdoor bar. In conjunction with Marx’s in-house team, Studios Architecture is designing the project, which will also include the installation of new custom artwork. Lobby work has commenced, and work on pre-built suites will begin before the end of the month. Construction on amenity spaces will begin in February 2027, with completion expected for the summer.

November 5, 2026

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