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

Acquisitions Office Southeast Tennessee

CBRE Arranges Sale of 16-Story Moore Office Building in Nashville

by John Nelson July 7, 2026

NASHVILLE, TENN. — CBRE has arranged the sale of The Moore Building, a 16-story office building located at 827 19th Ave. S in Nashville. Shorenstein Investment Advisors purchased the 245,826-square-foot building from Atlanta-based Portman Holdings. Patrick Gildea, Matt Smith, Roscoe High, JT Martin and Morgan Hillenmeyer of CBRE represented the seller in the transaction. JP Cordeiro, Cliff Joyner and Mike Ryan of CBRE’s Debt & Structured Finance team arranged acquisition financing for the buyer. The sales price and loan amount were not disclosed. Built in 2023, The Moore Building is situated in Nashville’s Midtown district and features 9,000 square feet of ground-level retail space, an 11,000-square-foot amenity deck, a sky lobby and lounge, fitness center, conference facilities and above- and below-grade parking totaling nearly 600 spaces. The property is named after Scotty Moore, the longtime guitarist to Elvis Presley who had once operated a recording studio at the site. According to Nashville Business Journal, TikTok is an anchor tenant at the LEED-certified office building.

July 7, 2026

Leasing Activity Midwest Office Ohio

CBRE Opens 19,500 SF Office in Downtown Columbus, Ohio

by Kristin Harlow July 7, 2026

COLUMBUS, OHIO — CBRE has opened its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces designed to support hybrid working. The office features several different work areas organized across six team “neighborhoods,” each offering a mix of individual and shared meeting and support spaces along with focus rooms, huddle rooms, conference rooms and project rooms. The office’s design draws inspiration from bespoke hotels and hospitality-focused experiences.

July 7, 2026

Development Massachusetts Mixed-Use Multifamily Northeast Office Retail Top Stories

Brookfield, New England Development Acquire Former Naval Station Near Boston, Plan Major Mixed-Use Project

by John Nelson July 7, 2026

WEYMOUTH, MASS. — A joint venture between New York City-based Brookfield Properties and Boston-based New England Development has purchased the site of the former South Weymouth Naval Air Station in metro Boston. The co-developers acquired the 1,400-acre site from Washington Capital Management for $65 million. Brookfield and New England Development are planning a mixed-use redevelopment that would include 6,500 housing units, along with about 2 million square feet of commercial and retail space. The project will span more than 1,400 acres across three municipalities — Weymouth, Rockland and Abington, Mass. The Weymouth City Council has unanimously approved the land reuse plan, which also was approved by the towns of Rockland and Abington. The State of Massachusetts has also expressed strong support for the redevelopment plan. The redevelopment will mark the largest residential and commercial project to date in Massachusetts, according to John Twohig, executive vice president of New England Development. In addition to the commercial and residential components, the proposed project will preserve more than 880 acres of open and restricted space that can be activated for both public recreational use and wildlife preservation. Situated about 16 miles south of Boston in Norfolk and Plymouth counties, the South Weymouth Naval …

July 7, 2026

Development Office Texas

Partnership Underway on $12M Renovation of Dallas Office Campus

by Taylor Williams July 6, 2026

DALLAS — A partnership between Chicago-based Glenstar and New York City-based Affinius Capital is underway on the $12 million renovation of Energy Square, a five-building office campus located in the University Park area of Dallas. Designed by Gensler, the latest capital improvement program will involve the build-out of speculative suites and new conference rooms on the third floor of Energy Square Building II, as well as full-floor build-outs of tenant-ready spaces on multiple floors throughout that building. The partnership will also introduce a ground-level tenant lounge at Energy Square Building III that will be anchored by a café and bar concept. JLL is the leasing agent for the campus.

July 6, 2026

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