Office

Berkadia Arranges $100.4M Refinancing for Office Campus in Palm Beach Gardens, Florida

by John Nelson June 26, 2026

PALM BEACH GARDENS, FLA. — Berkadia has arranged a $100.4 million loan for the refinancing of DiVosta Towers, a two-building office campus located at 3825 and 3835 PGA Blvd. in Palm Beach Gardens, a city in South Florida’s Palm Beach County. The Class A property comprises two 11-story office buildings spanning 220,000 square feet that are connected by a parking structure. The property was fully delivered in 2020 and houses tenants including JP Morgan, Wealthspire Advisors and Virtu Financial, among others. Charles Foschini, Scott Wadler and Shannon Wilson of Berkadia’s Miami office arranged the three-year, floating-rate loan through Cirrus Real Estate on behalf of the borrower, Gatsby Florida. The sponsor is also building The Modern at Palm Beach Gardens, a 220,000-square-foot office building located at 11200 RCA Center, less than one mile from DiVosta Towers.

June 26, 2026

Loans New Jersey Northeast Office

Cushman & Wakefield Arranges $80M Loan for Refinancing of Northern New Jersey Office Campus

by Taylor Williams June 26, 2026

PARSIPPANY, N.J. — Cushman & Wakefield has arranged an $80 million loan for the refinancing of LATITUDE, a 35-acre office campus located in the Northern New Jersey community of Parsippany. LATITUDE features 524,859 square feet of office space across multiple buildings. Tenants include Gilead, FM Global, Mead Johnson, Essential Homes and Sax Wealth Advisors. Oak Funding, a locally based bridge lender and private equity real estate firm, along with Oak North Bank, provided the debt. Chuck Kohaut, Brad Domenico, David Bernhaut, Alexander Hernandez, Frank Stanislaski, Bill Baunach and Jack Subers led the debt placement efforts for Cushman & Wakefield. The borrower, a partnership between Rubenstein Partners and Vision Real Estate Partners, first acquired LATITUDE in 2017 and subsequently renovated the campus, inclusive of the addition of 30,000 square feet of new amenities.

June 26, 2026

Content Partner Industrial Midwest Multifamily Office Retail

Why Midwest Stability Continues to Attract Commercial Real Estate Investors

by Jaime Lackey June 25, 2026

For much of the past several years, commercial real estate investors have navigated a market defined by uncertainty. Interest rate volatility, inflation concerns, geopolitical tensions and shifting workplace trends have all contributed to an environment where predicting the next move can feel increasingly difficult. Against that backdrop, the Midwest continues to stand out for a different reason: stability. Across many Midwest markets, commercial real estate fundamentals have remained relatively balanced compared with other regions of the country. While some markets have experienced dramatic swings in pricing, development activity and occupancy levels, much of the Midwest has maintained a steadier trajectory. That consistency allows investors and operators to focus on executing long-term business plans rather than constantly reacting to market volatility. Stability Remains the Midwest’s Competitive Advantage One of the region’s greatest strengths is the balance between supply and demand. Unlike certain Sun Belt markets that have experienced significant waves of new development, many Midwest metros have avoided substantial oversupply. As a result, property owners have been able to continue implementing value-add strategies, improving operations and generating steady rent growth. Commercial real estate success is rarely built overnight. In many Midwest markets, returns are generated through disciplined management, operational efficiencies and …

June 25, 2026

Leasing Activity Office Texas

Cushman & Wakefield Negotiates 172,089 SF Office Lease in Irving

by Taylor Williams June 25, 2026

IRVING, TEXAS — Cushman & Wakefield has negotiated a 172,089-square-foot office lease in Irving’s Las Colinas district. The new tenant, religious nonprofit organization Mercury One, will occupy the entirety of the building at 6655 N. MacArthur Blvd., which was developed in 1997. Matt Schendle and Mary Frances Burnette of Cushman & Wakefield represented the owner, Orion Properties, in the lease negotiations. Steve Wentz, also with Cushman & Wakefield, represented the tenant.

June 25, 2026

Loans New York Northeast Office

JLL Arranges $42M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams June 25, 2026

NEW YORK CITY — JLL has arranged a $42 million loan for the refinancing of The Nelson Tower Building, a 510,304-square-foot office complex located at 450 Seventh Ave. in Midtown Manhattan. Originally constructed in 1930 and most recently renovated in 2019, the 46-story building features an upgraded lobby, modernized elevators and a tenant amenity suite with conference facilities and a rooftop lounge. Aaron Niedermayer led the JLL team that originated the loan through Apple Bank on behalf of the locally based borrower, The Kaufman Organization.

June 25, 2026

Illinois Leasing Activity Midwest Office

AmTrustRE Secures Six Leases Totaling 95,000 SF at Chicago’s One East Wacker Office Tower

by Kristin Harlow June 25, 2026

CHICAGO — Owner AmTrustRE has secured six leases and expansions totaling nearly 95,000 square feet at One East Wacker, a 41-story office tower overlooking Chicago’s Riverwalk and River North. The transactions include three new tenants and three renewals spanning both office and retail floors. O’Hagan Meyer Law Firm has expanded its footprint to 46,192 square feet across the 32nd, 34th and 35th floors. John Goodman, Isabel Schwartz and Eric Feinberg of Savills represented the tenant. Shore Capital Partners, a private equity firm, has renewed and grown its presence to occupy 14,475 square feet on the 24th floor. Brad Serot of CBRE represented the tenant. Atwell, an engineering and construction consulting firm, will relocate within the building to a 7,813-square-foot space on the 19th floor. Janessa Biller and Sarah Silva of JLL represented the tenant. AmTrust North America Inc., a global property and liability insurer, has signed a full floorplate lease for 14,946 square feet on the 21st floor. The tenant was unrepresented in the lease. Ashling Partners LLC, a technology and professional services firm, has joined the tower, occupy 5,627 square feet on the 16th floor. Jeff Skender and Jack Tunnicliff of Cushman & Wakefield represented the tenant. Rounding out …

June 25, 2026

Leasing Activity Life Sciences Massachusetts Northeast Office

Living Proof Signs 14,085 SF Office, Life Sciences Lease in Boston’s Seaport District

by Taylor Williams June 24, 2026

BOSTON — Living Proof has signed a 14,085-square-foot lease in Boston’s Seaport District. The provider of hair care products will relocate its operations from the Innovation & Design Building to the entire fifth floor of the office and life sciences building at 12 Farnsworth St. Tim Lahey of CBRE represented the tenant in the lease negotiations. Eric Smith and Lauren Drakeley, also with CBRE, represented the landlord, Phase 3 Real Estate Partners.

June 24, 2026

Acquisitions Colorado Office Western

Knightbridge Capital, Argosy Real Estate Buy Two-Building Office Portfolio in Englewood, Colorado

by Amy Works June 24, 2026

ENGLEWOOD, COLO. — Knightbridge Capital and Argosy Real Estate Partners have purchased Three Maroon and Maroon Five, a two-building office portfolio situated within Meridian International Business Center in Englewood. Mark IV Capital sold the asset for an undisclosed price. The 174,850-square-foot portfolio was 88 percent occupied at closing, with a weighted average lease term of approximately 4.4 years. Aaron Johnson and Jon Hendrickson of Cushman & Wakefield represented the seller in the deal. Aimee Love, Zac Clark and Joe Petty of First Interstate Bank provided acquisition financing for the transaction. Cole Taylor handled property management for the asset.

June 24, 2026

Development Office Retail Texas

NewForm Real Estate Completes 50,738 SF Adaptive Reuse Project Near Downtown Houston

by Taylor Williams June 23, 2026

HOUSTON — Local developer NewForm Real Estate has completed a 50,738-square-foot adaptive reuse project near downtown Houston. The project converted the historic, six-story Commercial National Bank Building at 917 Franklin St., which was originally constructed in 1904, into a modern office facility with 3,390 square feet of retail/restaurant space. The restoration involved exterior façade work, window repairs, masonry cleaning and upgraded lighting. Stream Realty Partners is leasing the office space, and Rebel Retail Advisors is leasing the retail/restaurant space.

June 23, 2026

Acquisitions Illinois Midwest Office

Glenstar, Private Investor Acquire 966,924 SF Office Tower in Chicago

by Kristin Harlow June 23, 2026

CHICAGO — Glenstar, in a joint venture with a high-net-worth private investor, has acquired 500 W. Monroe, a 966,924-square-foot office tower in Chicago with a 1,300-stall parking garage. The sales price for the all-cash purchase was not disclosed, but Crain’s Chicago Business reports that the asset traded for 76 percent less than it did prior to the COVID-19 pandemic. Glenstar will soon launch a hospitality-driven renovation at the property. Plans call for a full lobby transformation followed by additional common area upgrades and the introduction of new amenities. Glenstar plans to introduce Glenstar Connect, its signature app-based tenant engagement program, at the property in the coming months. Built in 1992, 500 W. Monroe rises 44 stories and is located steps from the Union and Ogilvie train stations. According to Glenstar, the property currently offers the largest contiguous block of space available in the West Loop at 572,000 square feet. With the acquisition, Glenstar also assumes the asset and property manager role and has tapped CBRE’s Jason Houze, Greg Tait and Aaron Schuster to oversee leasing.

June 23, 2026

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