Office

Averitt to Build $200M Industrial Campus Near Charlotte Airport

by John Nelson May 5, 2026

CHARLOTTE, N.C. — Averitt, a transportation and supply chain management company based in Cookeville, Tenn., has announced plans to develop a regional logistics campus near Charlotte Douglas International Airport. Charlotte Business Journal reports that the freight company is investing $200 million for the 100-acre campus. The development will include two distribution centers totaling more than 500,000 square feet; a 75,000-square-foot cross-dock facility; a two-story regional office totaling 16,000 square feet; and parking for more than 400 trailers. The campus will also offer fleet maintenance, fueling and driver support facilities. The investment is expected to double Averitt’s Charlotte area workforce over the next four years and will replace its current 40,000-square-foot service center at 3708 Westinghouse Blvd. that houses 182 full-time associates. Construction on the new campus is expected to begin immediately and wrap up in 2028.

May 5, 2026

Acquisitions District of Columbia Office Southeast

Forbright Bank, R3 Ventures Acquire 12-Story Office Building in Chevy Chase, Maryland

by John Nelson May 5, 2026

CHEVY CHASE, MD. — Forbright Bank has brought in R3 Ventures in the acquisition of Chase Tower, a 12-story office building located at 4445 Willard Ave. in Chevy Chase, a Maryland suburb of Washington, D.C. Forbright Bank is the anchor tenant of Chase Tower, which has served as the bank’s headquarters since 2020. The property features 227,000 square feet of office space and 18,000 square feet of retail space, including a bank branch for Forbright Bank. The seller and sales price were not disclosed. Cushman & Wakefield represented the new ownership in the transaction, and Eastdil Secured represented the seller. In addition to co-investing in the acquisition, R3 Ventures will oversee asset management duties at the office building, including the leasing strategy and capital improvements. The new ownership has also retained JBG Smith as the property manager for the office building.

May 5, 2026

Leasing Activity New York Northeast Office

Cleary Gottlieb Signs 475,000 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams May 5, 2026

NEW YORK CITY — Cleary Gottlieb has signed a 475,000-square-foot office lease renewal in Lower Manhattan. The law firm has committed to the top 10 floors as the anchor tenant at One Liberty, a 53-story, 2.3 million-square-foot complex that was recently renovated, for 20 more years. Moshe Sukenik and Brian Cohen of Newmark, along with Mark Weiss and Josh Kuriloff of Cushman & Wakefield, represented the tenant in the lease negotiations. Mikael Nahmias and Dan Roberts internally represented the landlord, Brookfield Properties.

May 5, 2026

Development Indiana Midwest Office

Skender Completes Multiple Office Interior Construction Projects at Keystone Crossing in Indianapolis

by Kristin Harlow May 5, 2026

INDIANAPOLIS — General contractor Skender has completed common area upgrades and four office build-outs at Keystone Crossing, a five-building, 1.1 million-square-foot office park in Indianapolis. The four tenant build-outs, totaling 57,000 square feet, and common area enhancements were completed on behalf of landlords Interamar and Typerion Holdings, which acquired the campus in late 2024 and are implementing a significant repositioning. At the 8888 Building, Skender completed a 15,000-square-foot gut remodel of the existing 16th floor and turned the space into a modern workplace for WestPoint Financial Group, a MassMutual firm. At the 9000 Building, Skender completed a 7,000-square-foot build-out for the Indiana Apartment Association. The workspace includes a new training room, breakroom and several private offices. At this building, Skender also converted two former ground-floor suites into a new amenity center with a café, fitness center, golf simulators and upgraded restrooms. At the 9100 Building, Skender completed the 21,000-square-foot national headquarters for Delta Tau Delta. The project included full demolition of the existing space and a renovation, including private offices, a breakroom and dedicated display areas showcasing the fraternity’s history and memorabilia. Skender also completed a 14,000-square-foot office build-out for accounting firm CliftonLarsonAllen. The workspace includes a café, training room …

May 5, 2026

Features Office Retail

Inside the New Office Playbook: Designing for Today’s Tenants

by Taylor Williams May 5, 2026

With flexible work schedules now the norm, today’s modern office buildings must justify the commute. According to the Flex Index Q1 2026 report, a quarterly workplace trends report, 67 percent of U.S. companies now use a hybrid model. Gensler’s Global Workplace Survey 2026 also underscores a shift in employee priorities, with nearly half of employees (46 percent) noting that wellness amenities matter more than high-tech features in the office. To explore how these trends play out locally in leading commercial real estate markets, REBusinessOnline talked to Bill Baumgardner, who leads VanTrust’s Texas office as executive vice president and Guy Grivas, vice president of Hillwood’s retail division. Those priorities are on display at Frisco Station, where VanTrust, Hillwood and The Rudman Partnership are developing a 242-acre mixed-use destination in Frisco’s North Platinum Corridor, about 30 minutes north of Dallas. Centered around The Star, the Dallas Cowboys’ world headquarters, the development brings together Class A office space, a mix of residential options and modern hotels — all within walking distance of dining, shopping and entertainment options — creating a seamless, experience-driven workday. REBusinessOnline: What are the top priorities for today’s employers when selecting an office building? Bill Baumgardner : To succeed, today’s …

May 5, 2026

Loans New York Northeast Office

Olshan Properties Receives $40M Loan for Refinancing of Manhattan Office Building

by Taylor Williams May 4, 2026

NEW YORK CITY — An affiliate of Olshan Properties has received a $40 million loan for the refinancing of 99 Hudson Street, a 183,958-square-foot office building in Manhattan’s Tribeca neighborhood. Completed in 1930, the 17-story building was 97 percent leased at the time of the loan closing. Tenants include Chobani, plant-based meal delivery service Daily Harvest, consulting firm HR&A Advisors and ODA Architecture. Steven Klein led the JLL team that arranged the loan through an undisclosed life insurance company on behalf of ownership.

May 4, 2026

Acquisitions California Office Western

BH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7M

by Amy Works May 4, 2026

ONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.85 acres of excess land. The campus was built in late 2004 as part of the master-planned Centrelake Business Park. Paul Jones, Brandon White and Kevin Shannon of Newmark represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the deal.

May 4, 2026

Acquisitions Northeast Office Rhode Island

FM Acquires 290,000 SF Office Building in Downtown Providence

by Taylor Williams May 4, 2026

PROVIDENCE, R.I. — FM, a Rhode Island-based commercial property insurer, has acquired 10 Memorial Boulevard, an office building in downtown Providence. According to LoopNet Inc., the 10-story building was constructed in 2006 and totals 290,000 square feet. Amenities include a fitness center and an onsite restaurant, per LoopNet. FM plans to occupy a portion of the space. The seller and sales price were not disclosed.

May 4, 2026

Alabama Market Reports Office Southeast Southeast Market Reports

Birmingham’s Office Market: Stabilizing, Adapting and Gaining Momentum

by John Nelson May 4, 2026

We hear this question a lot: “How is commercial real estate doing in Birmingham?” Many people assume our market is experiencing the same volatility seen in national headlines over the past few years. The reality is a bit different. Birmingham is actually a stable market. While we certainly feel broader economic shifts, our office sector has avoided many of the dramatic swings seen in larger metro areas and is gradually positioning itself for future growth. To set the stage, Birmingham’s office market consists of approximately 18.8 million square feet of multi-tenant inventory across five submarkets, four of which include Class A properties. Overall absorption for fourth-quarter 2025 totaled negative 35,336 square feet following a positive third quarter. However, the market still finished the year with 56,786 square feet of positive net absorption. Occupancy remained largely stable throughout the year, with the overall vacancy rate holding at 19.8 percent. Direct vacancy improved slightly to 16.6 percent by year-end. Leasing activity also remained steady across the market. In total, 640,255 square feet of office space was leased in 2025, representing an approximately 14 percent increase compared to the amount of office space leased in 2024. Class A transactions accounted for more than …

May 4, 2026

Acquisitions Development Office Texas

PacVentures, AQUILA Buy 318,000 SF Office Complex in Northwest Austin, Plan Upgrades

by Taylor Williams May 1, 2026

AUSTIN, TEXAS — A joint venture between San Diego-based investment firm PacVentures Inc. and Austin-based AQUILA Commercial has purchased The Campus at Arboretum, a five-building, 318,000-square-foot office complex in northwest Austin with plans to implement capital improvements. Upgrades will cover the fitness center, tenant lounge and conference facilities, and the new ownership also plans to refresh lobbies and restrooms, update lighting and security and enhance outdoor areas throughout the campus. The seller and sales price were not disclosed.

May 1, 2026

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