Office

National Real Estate Advisors Opens Office-to-Residential Conversion Project in D.C.

by Abby Cox October 16, 2026

WASHINGTON, D.C. — National Real Estate Advisors has opened Aviator House, an office-to-residential adaptive reuse development located in the Dupont Circle neighborhood of Washington, D.C. The former Air Line Pilots Association headquarters was transformed into 157 residential units, including 15 affordable units. Aviator House was the first project advanced through and opened under the District’s Housing in Downtown (HID) initiative. The project team included Clark Construction (general contractor), Eric Colbert & Associates (architect/design), Gaëtane & Co. (architect/design), DXA Studio and Neoscape (interior and brand design). Bozzuto will serve as the community’s leasing and property management partner. Aviator House offers studio, one- and two-bedroom apartments ranging in size from 416 to 1,281 square feet. Residents have access to approximately 8,000 square feet of amenities, including coworking spaces with individual and shared offices; a fitness center; pet spa and dog run; bicycle garage; and a bi-level rooftop lounge featuring indoor gathering spaces, outdoor terraces, grill and dining areas and expansive views across the District. Monthly rental rates begin at $2,275. Originally constructed in 1972 and designed by architect Vlastimil Koubek, the building was most recently used by Johns Hopkins University for classroom and office space. The redevelopment retains its eight-story structure and modernist …

October 16, 2026

Loans New York Northeast Office Retail

Walker & Dunlop Arranges $216M Loan for Refinancing of Manhattan Office, Retail Building

by Taylor Williams October 16, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $216 million bridge loan for the refinancing of 568 Broadway, a 390,745-square-foot office and retail building in Manhattan’s SoHo neighborhood. The 12-story building’s retail component totals 70,870 square feet retail and was fully leased at the time of the loan closing to tenants such as Hugo Boss, Athletic Propulsion Labs, GU and Equinox. Office users include Zocdoc, The Farmer’s Dog and Milk Makeup. Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre of Walker & Dunlop arranged the loan through ACORE Capital. The borrower is a joint venture between Aurora Capital, Allied Partners and A&H Acquisitions.

October 16, 2026

Leasing Activity New York Northeast Office

HarbourVest Partners Signs 19,752 SF Office Lease in Midtown Manhattan

by Taylor Williams October 16, 2026

NEW YORK CITY — HarbourVest Partners has signed a 19,752-square-foot office lease in Midtown Manhattan. The Boston-based private equity firm is taking space on the 49th floor of 9 West 57th Street via a 10-year lease. Alexander Chudnoff and Ava Loughlin of JLL represented HarbourVest in the lease negotiations. Howard Fiddle, John Maher, Gregg Rothkin and Alex Leopold of CBRE represented the undisclosed landlord.

October 16, 2026

Development Office Texas

Partnership Underway on 152,894 SF Office Project in Mansfield, Texas

by Taylor Williams October 15, 2026

MANSFIELD, TEXAS — A partnership between two developers, Texas-based Admiral Legacy Investments and Florida-based Foundry Commercial, is underway on construction of a 152,894-square-foot office project in Mansfield, a southern suburb of Fort Worth. Located within the Mansfield Innovation District, the project represents Phase IA of a larger, 18-acre mixed-use development. The building will rise five stories and will also be able to support healthcare and research-and-development uses. BOKA Powell is the project architect, and Moss is the general contractor. Wier & Associates is the civil engineer, and Stream Realty Partners is the leasing agent. A tentative completion date was not announced.

October 15, 2026

Loans New York Northeast Office

Sapir Organization Receives $105M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams October 15, 2026

NEW YORK CITY — Local owner-operator The Sapir Organization has received a $105 million loan for the refinancing of 261 Madison Avenue, a 398,000-square-foot office building in Midtown Manhattan. The 28-story building was constructed in 1954 and is home to tenants such as printing company RR Donnelley, coworking concept Industrious, labor union SAG-AFTRA and Japanese restaurant Zuma. The Sapir Organization also houses its headquarters within the building. Anthony Orso, Ari Schwartzbard and Clifford Welden of Newmark arranged the loan through Genesis Credit, a New York-based private real estate credit and investment firm, on behalf of ownership.

October 15, 2026

Market Reports Midwest Midwest Market Reports Missouri Office

St. Louis Office Market: Slow But Steady

by Kristin Harlow October 15, 2026

By Tony Kennedy, Colliers | St. Louis St. Louis is more than the Gateway Arch and the St. Louis Cardinals (although those are two pretty awesome things to have). With a robust and diversified economy, St. Louis continues to be a steady performer across all sectors predominantly in manufacturing, financial services, healthcare, biotech, energy and education. St. Louis ranks as the 23rd-largest metro area in the U.S. with an unemployment rate of 4.1 percent versus the national average of 4.4 percent. St. Louis doesn’t have high highs or low lows; rather it is the tortoise and not the hare when it comes to economic growth. And when it comes to real estate, the St. Louis office market follows a similar path and continues to show steady trends across key indicators. Overall, office vacancy continues to hover around 25 percent with some submarkets performing better than others. The Clayton submarket remains the “darling” of the St. Louis region with virtually no large blocks of space available and robust demand outweighing supply. With a Class A vacancy rate of 14 percent (about half the region’s average), Clayton landlords continue to push rates upward. Clayton office lease rates are hovering in the low …

October 15, 2026

Acquisitions California Office Western

Economos DeWolf Brokers $15.7M Sale of Office Property in Irvine, California

by Amy Works October 14, 2026

IRVINE, CALIF. — Economos DeWolf has arranged the sale of an office building located at 2391 Morse Ave. in Irvine. The property traded for $15.7 million, or $707 per square foot. Steve Economos and Geoff DeWolf of Economos DeWolf represented the undisclosed seller and buyer in the deal. The 22,193-square-foot building, formerly headquarters of RiverRock Real Estate Group, is renovated and offers 5 Freeway frontage.

October 14, 2026

Leasing Activity Office Texas

Primoris Services Signs 25,352 SF Office Lease in Sugar Land, Texas

by Taylor Williams October 13, 2026

SUGAR LAND, TEXAS — Primoris Services Corp. (NYSE: PRIM) has signed a 25,352-square-foot office lease in the southwestern Houston suburb of Sugar Land. The provider of contractor services for the energy industry is taking space on the eighth floor of the building at 2150 Town Square Place, which is part of the Sugar Land Town Square mixed-use development. Primoris was self-represented in the lease negotiations. Bubba Harkins, Jenny Sealy and Joel Douthit of CBRE represented the undisclosed landlord.

October 13, 2026

Leasing Activity New York Northeast Office

Center for Justice Innovation Signs 34,300 SF Office Lease Expansion, Extension in Midtown Manhattan

by Taylor Williams October 13, 2026

NEW YORK CITY — The Center for Justice Innovation has signed a 34,300-square-foot office lease expansion and extension at 520 Eighth Avenue in Midtown Manhattan. The nonprofit organization has been a tenant at the 26-story building since 1999 and is relocating from three non-contiguous floors to a portion of the 18th floor and the entire 19th floor via a 20-year extension. Stephen Powers and Jake Cinti of OPEN Impact Real Estate represented the tenant in the lease negotiations. Matthew Mandell represented the landlord, GFP Real Estate, on an internal basis.

October 13, 2026

Illinois Leasing Activity Midwest Office

Sentinel Technologies Inks Full-Building Headquarters Lease in Lisle, Illinois

by Kristin Harlow October 13, 2026

LISLE, ILL. — Sentinel Technologies has signed a full-building headquarters lease totaling 63,409 square feet at Corporetum Office Campus X in Lisle. Sentinel will occupy the four-story building with its office, research and development, and technology lab functions under one roof. The company is expected to relocate in the first quarter of 2027 from its current headquarters in Downers Grove, approximately one mile away. The move marks Sentinel’s first headquarters relocation in more than 30 years. Jordan Decker and Brian Duffy of Stream Realty Partners represented Sentinel in the lease. David Florent and Brent Jacobs of Colliers represented the landlord, Napleton Automotive Group. As part of the new lease, the building will undergo significant capital improvements to support Sentinel’s operations and long-term occupancy.

October 13, 2026

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