Office

JLL Arranges $185M Loan for Downtown Fort Lauderdale Office Tower

by John Nelson January 13, 2026

FORT LAUDERDALE, FLA. — JLL has arranged a $185 million loan for The Main, a 25-story office building located at 201 E. Los Olas Blvd. in downtown Fort Lauderdale. Paul Stasaitis, Geoff Goldstein and Blake Koletic of JLL arranged the floating-rate loan through Nomura on behalf of the borrower, a joint venture between Stiles and Shorenstein Investment Advisors. Delivered in 2020, the LEED Gold-certified building spans 387,401 square feet and features VIP parking, a conference center, fitness center, amenity deck, tenant lounges and onsite restaurants including Moxie’s and Fogo de Chao. The Main was fully leased at the time of financing to tenants including JPMorgan Chase and Raymond James, among others.

January 13, 2026

Leasing Activity Life Sciences Massachusetts Northeast Office

TransMedics Signs 498,000 SF Headquarters Lease in Somerville, Massachusetts

by Taylor Williams January 13, 2026

SOMERVILLE, MASS. — TransMedics Group Inc. has signed a 16-year, 498,000-square-foot headquarters lease in Somerville, located just outside of downtown Boston. The provider of organ transplant therapy services will occupy the entirety of a newly constructed, 12-story building within Assembly Innovation Park that houses office, life sciences and manufacturing space. San Diego-based BioMed Realty owns Assembly Innovation Park, which is planned to ultimately feature three office/life sciences buildings, as well as retail and open green space.

January 13, 2026

Acquisitions California Office Western

Hankey Investment, Barker Pacific Buy Sunset Media Center in Los Angeles for $61M

by Amy Works January 13, 2026

LOS ANGELES — Joint venture partners Hankey Investment Co. and Barker Pacific Group have acquired Sunset Media Center, a 22-story creative office tower in Hollywood’s Media Row, from Kilroy Realty for $61 million. Located at 6255 W. Sunset Blvd., Sunset Media Center features 325,995 square feet of Class A office space with unobstructed view corridors and average floor plates of 18,500 square feet. At the time of sale, the property was 51 percent occupied. Current tenants include Media Res, Magical Elves, The Hollywood Chamber of Commerce, Slickdeals, OpenTable and the AIDS Healthcare Foundation. Built in 1974, Sunset Media Center underwent an extensive multi-million-dollar renovation in 2014 by architect Gensler and features an updated lobby space, onsite visitor parking, redefined common areas, a sun-drenched outdoor plaza with neighborhood retail hot spot and access to major entertainment studios and media professionals. The new ownership has retained JLL’s Dana Vargas and Peter Hajimihalis to handle leasing efforts for the property. Michael Kathrein, Adam Edwards, Sam Baughman and Blake Stamato of Eastdil Secured represented the seller in the deal.

January 13, 2026

Acquisitions Illinois Midwest Multifamily Office

Greenstone Partners Brokers $5.4M Sale of Chicago Office Building Slated for Apartment Conversion

by Kristin Harlow January 13, 2026

CHICAGO — Greenstone Partners has brokered the sale of 401 West Ontario Street, a 48,000-square-foot office building in Chicago’s River North neighborhood. The loft-style building features zoning that supports multifamily redevelopment. Jordan Multack of Greenstone represented the buyer, a private, Chicago-based development group. According to Greenstone, the buyer was drawn to the building’s efficient and flexible floor plates, value-add conversion potential and onsite indoor parking.

January 13, 2026

Features Office

When RTO Meets ROI — And Lease Management Takes Center Stage

by Taylor Williams January 13, 2026

By Mark McDonald, president of visual lease and CoStar real estate manager The recent shift back to in-person work isn’t a mere passing trend, and it’s forcing companies to reassess their office leases and how they manage them. According to resume.org, industry estimates suggest that around 75 percent of companies that were formerly remote have now implemented some version of RTO (return-to-office) since the pandemic. Many large, publicly traded companies spanning various industries, including tech (Amazon, Dell) and financial services (J.P. Morgan), are requiring employees to work onsite full time. As RTO continues to gain traction, more organizations are closely evaluating their real estate strategies, looking not only at how much space they need, but also where, when and under what terms they need those spaces. As leaders make these difficult and often high-stakes decisions, many executives are recognizing the importance of quality lease portfolio management. This involves tracking, analyzing and optimizing an organization’s leased properties with actions like consolidating space, exiting underused locations or renegotiating existing terms. So how exactly is RTO reshaping lease management, and why is accurate, real-time lease data now a critical asset for fast, informed business decisions? Rethinking Lease Management in the Era of RTO …

January 13, 2026

Georgia Leasing Activity Office Southeast

Kilpatrick Renews 148,000 SF Office Lease at 1100 Peachtree in Midtown Atlanta

by Abby Cox January 12, 2026

ATLANTA — Kilpatrick Townsend & Stockton LLP has renewed its 148,000-square-foot lease at 1100 Peachtree, a 28-story office tower in Midtown Atlanta. The global law firm has leased space at the property since 1992 and has recommitted to a 15-year term. 1100 Peachtree is currently 76 percent leased. Sam Hollis, John Izard, Ken Ashley and Christian Taylor of Cushman & Wakefield represented the tenant in the lease negotiations. Brooke Dewey and Alexis Vondersaar of JLL serve as the primary leasing agents for 1100 Peachtree on behalf of ownership, Spear Street, which acquired the 584,066-square-foot office tower in May 2025. The owner is underway on a full refresh of the building’s conference and fitness centers. Completion of the renovation is scheduled for this quarter. Along with the renovation, Spear Street will also welcome two new food-and-beverage concepts — Dos Cominos and Paris Baguette — to the tower’s street-level retail component this year.

January 12, 2026

Acquisitions California Industrial Office Western

IHC State Sells 256,722 SF Flex Industrial Building in Ontario, California for $57.1M

by Amy Works January 9, 2026

ONTARIO, CALIF. — Rancho Cucamonga, Calif.-based IHC State LLC has completed the disposition of a fully occupied industrial and office building in Ontario. Santa Fe Springs, Calif.-based Orden Co. acquired the asset for $57.1 million. Located at 875 W. State St., the cross-dock facility offers 257,722 square feet of space, a 40-foot minimum clear height, 51 dock-high doors, two GL doors and 2,000 amps of power. Eric Fikse and Eric Burney of DAUM Commercial represented the seller, while Fikse procured the buyer in the deal.

January 9, 2026

Leasing Activity New York Northeast Office

Starr Signs 275,000 SF Office Headquarters Lease in Midtown Manhattan

by Taylor Williams January 9, 2026

NEW YORK CITY — Starr has signed a 20-year, 275,000-square-foot office headquarters lease in Midtown Manhattan. The global investment and insurance organization will occupy the entirety of floors 16 through 27 at 343 Madison Avenue, a 46-story, 930,000-square-foot building that is currently under construction. John Picco, Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented Starr in the lease negotiations. Peter Turchin, John Maher, Evan Haskell and Caroline Merck of CBRE represented the landlord, BXP, formerly known as Boston Properties, which expects to complete 343 Madison Avenue in 2029.

January 9, 2026

Industrial Leasing Activity Massachusetts Northeast Office

Dentsply Sirona Renews 84,413 SF Office, Industrial Lease in Waltham, Massachusetts

by Taylor Williams January 9, 2026

WALTHAM, MASS. — Dentsply Sirona has renewed its 84,413-square-foot office and industrial lease in Waltham, a western suburb of Boston. The North Carolina-based provider of dental products will continue to occupy the entirety of the building at 590 Lincoln St., which includes manufacturing space, for an additional six years. CBRE represented the landlord, Hobbs Brook Real Estate, in the lease negotiations. Cushman & Wakefield represented the tenant, which has leased the building since 2017.

January 9, 2026

Development New York Northeast Office Top Stories

Partnership Invests $150M to Redevelop 1540 Broadway Office Tower in Midtown Manhattan

by Abby Cox January 9, 2026

NEW YORK CITY — A partnership between GFP Real Estate and BDT & MSD Partners has invested $150 million to redevelop 1540 Broadway, a 907,000-square-foot office tower in the Times Square area of Midtown Manhattan. The transformation is intended to reframe the original tower, which was completed in 1990 and designed by Skidmore, Owings & Merrill. Renovations are expected to be complete by late 2026. “Our shared vision is to create a workplace that is purposeful, well-crafted and thoughtfully executed, raising expectations for what defines a leading New York City office tower,” says Brian Steinwurtzel, co-CEO and principal of GFP Real Estate. “This is a full reintroduction of the building.” Affiliates of Apollo (NYSE: APO) will provide financing for the project, while GFP Real Estate will oversee operations with BDT & MSD. JLL will serve as the leasing agent for the building. Designed by Fogarty Finger, the renovation will feature extensive interior improvements and the inclusion of more than 45,000 square feet of amenities across two levels of the building. A 27,000-square-foot “amenity hub,” located on the eighth floor, will comprise upgraded wellness facilities, a reimagined fitness center, new locker rooms, a dedicated recovery and movement zone and enhanced communal areas. …

January 9, 2026

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