Office

Newmark Arranges Sale of 120,923 SF Office Building in North Dallas

by Taylor Williams July 9, 2026

DALLAS — Newmark has arranged the sale of 8020 Park Lane, a 120,923-square-foot office building located within The Shops at Park Lane mixed-use district in North Dallas. Built in 2015, the five-story building was fully leased at the time of sale to Energy Transfer LP. Chris Murphy, Gary Carr, Robert Hill and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. Andrew Porteous, Clint Frease, Chris McColpin and Josh Francis, also with Newmark, arranged acquisition financing on behalf of the buyer, DFW Land.

July 9, 2026

Loans New York Northeast Office

JLL Arranges $352M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams July 9, 2026

NEW YORK CITY — JLL has arranged a $352 million loan for the refinancing of 425 Lexington Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 31-story building occupies a full city block between 43rd and 44th streets and was 99 percent leased at the time of the loan closing. Law firm Simpson Thacher & Bartlett is the long-time anchor tenant at the building, which also recently received $35 million in capital improvements, including a new amenity center. Christopher Peck, Drew Isaacson, Christopher Pratt and Jennifer Zelko of JLL arranged the floating-rate loan, which was pre-placed entirely with funds and accounts managed by BlackRock, through Goldman Sachs. The borrower is Vanbarton Group.

July 9, 2026

Leasing Activity New York Northeast Office

Robinson + Cole Signs 48,451 SF Office Lease in Midtown Manhattan

by Taylor Williams July 9, 2026

NEW YORK CITY — Robinson + Cole has signed a 48,451-square-foot office lease in Midtown Manhattan. The law firm has committed to the entire 16th and 17th floors at 100 Park Avenue for the next 15 years. Greg Taubin of Savills represented the tenant in the lease negotiations. Harry Blair, Barry Zeller, Justin Royce and Pierce Hance of Cushman & Wakefield represented the landlord, SL Green. The building is now fully leased.

July 9, 2026

Acquisitions California Industrial Office Western

CBRE Negotiates $45M Sale of Industrial Corporate Headquarters Facility in Carlsbad, California

by Amy Works July 9, 2026

CARLSBAD, CALIF. — CBRE has negotiated the $45 million sale of 2081 Faraday Avenue, an industrial corporate headquarters facility in Carlsbad. Majestic Asset Management acquired the property, which was fully leased at the time of sale, from an undisclosed investment and management company. Hunter Rowe, Barbara Perrier, Michael Longo and Matt Carlson of CBRE represented the seller in the deal. Val Achtemeier of CBRE Capital Markets Debt & Structured Finance secured financing for the buyer. Built in 1997, the 157,973-square-foot facility has undergone significant capital and tenant improvements, including “high-end” interior finishes and upgraded amenities designed to support corporate headquarters operations. Situated on 9 acres, the facility features a stadium-style LED video board, an outdoor sport court, 26-foot clear heights, heavy power and dock-high and grade-level loading.

July 9, 2026

Multifamily New York Northeast Office

Reports: Midtown Manhattan Office Building ‘Stable’ Following Yesterday’s Evacuation

by Taylor Williams July 8, 2026

NEW YORK CITY — The Midtown Manhattan office building that is under construction on East 42nd Street and was evacuated on Tuesday, July 7 following reports of buckling columns, sagging floors and falling debris is in “stable” condition, according to reports from USA Today and NBC News on the morning of Wednesday, July 8. Both publications cited a Tuesday evening statement from Ahmed Tigani, commissioner of the New York City Department of Buildings, in reporting this assessment. USA Today also reports that Tigani told reporters that “jacks were in place to stabilize the weak points, and new steel was being installed to create additional stability.” In addition, CNN reported this morning that New York City officials are “confident” in the efficacy of the emergency measures undertaken over the past 24 hours but have not ruled out the possibility of a partial, or “localized” collapse. CNN also reported that additional stabilization practices will be implemented in the coming days. About a year ago, a partnership between Metro Loft Management and David Werner Real Estate Investments announced plans to execute a residential conversion of the 10-story office building at 219 E. 42nd St. The partnership planned to merge the converted space at …

July 8, 2026

Acquisitions New Jersey Northeast Office

RCS, Lamar Acquire 368,049 SF Office Building in Jersey City

by Taylor Williams July 8, 2026

JERSEY CITY, N.J. — A partnership between Real Capital Solutions (RCS) and Lamar Cos. has acquired 30 Montgomery, a 368,049-square-foot office building in Jersey City. The 16-story waterfront building was 61 percent leased at the time of sale to tenants such as Bluevine Capital, Wayste (Sourgum), Asset Based Lending and Outcomes Matter Innovations. The building has also received $30 million in recent capital improvements, including upgrades to the lobby, façade, building systems and common areas. The seller and sales price were not disclosed.

July 8, 2026

California Loans Office Western

MMCC Arranges $5.7M in Financing for Office Property in Los Angeles

by Amy Works July 8, 2026

LOS ANGELES — Marcus & Millichap Capital Corp. (MMCC) has arranged $5.7 million in financing for an office building located at 9221 Corbin Ave. in the Northridge neighborhood of Los Angeles. Situated near the California State University, Northridge campus, the 48,954-square-foot building is occupied by a tutoring service, internet service provider, computer repair service, consulting firm, real estate agency and an accounting firm. Dean Giannakopoulos of MMCC’s Chicago office originated the three-year loan at 65 percent loan-to-value through a regional bank on behalf of the undisclosed borrower. Other terms of the loan include a 6 percent interest rate and a 25-year amortization schedule.

July 8, 2026

Acquisitions Florida Office Southeast

Partnership Acquires Coral Gables Office Portfolio in South Florida for $97.8M

by John Nelson July 8, 2026

CORAL GABLES, FLA. — A partnership between Intalex Capital, Itero Investments and Greenwall has acquired The Ponce, a three-building office portfolio spanning 365,000 square feet in Coral Gables. The acquisition includes 2525 Ponce de Leon, 2555 Ponce de Leon and 152 Valencia Avenue. Chris Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE represented the undisclosed seller, which sold the portfolio for $97.8 million. Amy Julian and Andrew Chilgren, also with CBRE, arranged $105 million in financing for the acquisition and future capital improvement through ACORE Capital. The partnership plans to invest $30 million in renovations to common areas, tenant offices and amenities. The owners have retained Hines Management as property manager and Ryan Holtzman and Lena Weeks of Cushman & Wakefield as leasing agents at The Ponce.

July 8, 2026

Leasing Activity New Jersey Northeast Office

Quest Diagnostics Extends 131,000 SF Office Headquarters Lease in Secaucus, New Jersey

by Taylor Williams July 8, 2026

SECAUCUS, N.J. — Quest Diagnostics has extended its 131,000-square-foot office headquarters lease in the Northern New Jersey community of Secaucus. The space is located within the 11-story, 465,000-square-foot building at 500 Plaza Drive, which was originally constructed in 1985. David Opper, Conor Dolan and David Zelinski of CBRE represented Quest Diagnostics in the lease negotiations. David Stifelman and Tim Greiner of JLL represented the landlord, Signature Acquisitions.

July 8, 2026

Loans New York Northeast Office

Newmark Arranges $515M Refinancing of Midtown Manhattan Office Building

by Taylor Williams July 7, 2026

NEW YORK CITY — Newmark has arranged the $515 million refinancing of 31 West 52nd Street, a 785,000-square-foot office building in Midtown Manhattan. A consortium of lenders that was led by Wells Fargo and included Bank of America, Barclays, Citi, Goldman Sachs and JP Morgan provided the debt, which consists of a $415 million senior mortgage loan, a $40 million B-note and a $60 million mezzanine loan. Jordan Roeschlaub, Adam Spies, Adam Doneger, Nick Scribani, Tim Polglase, Dan Axelson and Jack Fenton of Newmark arranged he fixed-rate debt package on behalf of the borrower, local investment firm Rithm Capital. Cushman & Wakefield’s Gideon Gil, Zach Kraft and Cecelia Galligan also advised on the transaction.

July 7, 2026

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