Office

Rolex Nears Completion of 30-Story, Namesake Office Building in Midtown Manhattan

by Taylor Williams March 31, 2026

NEW YORK CITY — Luxury watchmaker Rolex is nearing completion of construction of a 30-story namesake office building in Midtown Manhattan. Designed by architect Sir David Chipperfield, The Rolex Building will be located at 665 Fifth Ave. and will span 165,000 square feet. The building will house a multi-level Rolex retail space, along with office floors for Rolex and other companies, including Angeles Wealth Management. Tenants will have access to amenity spaces, including a restaurant and event space. Pavarini McGovern is serving as construction manager on the development, full completion of which is slated for the fall. Cushman & Wakefield is marketing the remaining space for lease on behalf of Rolex.

March 31, 2026

Development Loans Multifamily New York Northeast Office

Joint Venture Receives $175M Construction Loan for Office-to-Residential Conversion in Lower Manhattan

by Taylor Williams March 31, 2026

NEW YORK CITY — A joint venture between Broad Street Development, Los Angeles-based PCCP and One Investment Management has received a $175 million construction loan for an office-to-residential conversion project in Lower Manhattan. The joint venture will convert the 400,000-square-foot office building at 80 Broad St., which is known locally as The Maritime Building, into a 326-unit apartment complex. Jordan Roeschlaub, Nick Scribani, Holden Witkoff and Niv Shahmoon of Newmark arranged the financing through Derby Lane Partners on behalf of the joint venture. The development team, which includes Rawlings Architects, will utilize New York City’s 467-m office-to-residential tax incentive program as part of the project’s capitalization. A construction timeline was not announced.

March 31, 2026

Development Leasing Activity Mixed-Use Office Southeast Tennessee

Cousins Signs Oracle to 116,000 SF Office Lease in Nashville

by John Nelson March 31, 2026

NASHVILLE, TENN. — Cousins Properties has signed tech giant Oracle to a 116,000-square-foot office lease in Nashville’s Germantown neighborhood. Oracle will move into its space in the second half of the year within the Neuhoff mixed-use development, which Atlanta-based Cousins owns in a 50/50 joint venture with an unnamed institutional investor. Oracle’s offices will overlook the construction of its new global headquarters campus that is being developed on the other side of the Cumberland River. At completion, Neuhoff will connect to the Oracle campus via a pedestrian bridge. Neuhoff comprises 395,000 square feet of office space, 55,000 square feet of retail space and 542 apartments. According to Cousins, the office portion of Neuhoff is currently 84 percent leased, the retail component is 46 percent leased and the apartments are 92 percent leased. Atlanta-based New City Properties is developing Neuhoff on behalf of the ownership group.

March 31, 2026

Acquisitions Louisiana Office Southeast

Skysoar Capital Buys 32-Story One Canal Place Office Tower in New Orleans

by John Nelson March 31, 2026

NEW ORLEANS — Skysoar Capital Partners has purchased One Canal Place, a 32-story office tower located at 365 Canal St. in New Orleans. The sales price was not disclosed. Johnny Lamberson and Terry Radford of CBRE’s Memphis represented the seller, OCP Office Owner LLC, a partnership formed by Loeb Partners Realty LLC and Aetna. The seller has owned One Canal Place since 2002, according to Corporate Realty, which served as the Louisiana broker of record in the transaction. Corporate Realty will continue to provide property management and leasing services at the tower on behalf of One Canal Place Leasing LLC, a limited liability corporation created by Skysoar Capital. Completed in 1979 near the Mississippi River, One Canal Place encompasses 630,581 rentable square feet of office space and is part of a mixed-use complex that includes The Shops at Canal Place, The Westin New Orleans Hotel and a 1,650-space parking garage. Office tenants include law firm Baker Donelson, which recently signed a nearly 40,000-square-foot lease to occupy the top two floors, as well as Phelps Dunbar LLP; The New Orleans Passport Center; Schouest, Bamdas, Soshea & BenMaier PLLC; Foley & Judell LLP; Salley, Hite, Mercer & Resor LLC; and La Petite …

March 31, 2026

Leasing Activity New York Northeast Office

EliseAI Signs 109,000 SF Office Headquarters Lease in Midtown Manhattan

by Taylor Williams March 31, 2026

NEW YORK CITY — EliseAI has signed a 10-year, 109,000-square-foot office headquarters lease in Midtown Manhattan. The startup that serves the housing and healthcare industries will relocate from a nearby location to the 240,000-square-foot building at 401 Fifth Avenue. Evan Margolin, Valentin Stobetsky, Calum Waddell, Will McGarry and Hale King of JLL represented the tenant in the lease negotiations. Brian Waterman, David Waterman and Alex Kesseler of Newmark represented the landlord, The Chetrit Organization.

March 31, 2026

Acquisitions Office Property Type Utah Western

Manova Partners Acquires 143,806 SF Office Building in Salt Lake City

by Amy Works March 31, 2026

SALT LAKE CITY — Manova Partners has purchased 60 Park Ave, a Class A office building in the Sugar House live-work-play neighborhood in Salt Lake City. Terms of the transaction were not released. CBRE marketed the property for sale. Situated on 4 acres, the six-story building offers 143,806 square feet of office space. At the time of sale, the property was 97 percent occupied by a variety of tenants, including FTP Power, Filevine, Arena Communications, RBC Capital Markets and Sotheby’s Realty. Built in 2020, the property is LEED Gold O&M certified. The property features floor-to-ceiling glass curtain walls and 360-degree views of the Wasatch mountain range and downtown skyline. Building amenities include a tenant lounge with phone pods, TV, a pool table and vending machines, a secure bike room and a 24/7 fitness center.

March 31, 2026

Acquisitions California Industrial Office Retail Western

Newmark Brokers Sale of Seven-Building Stonemill Design Center Flex Office Campus in Costa Mesa

by Amy Works March 30, 2026

COSTA MESA, CALIF. — Newmark has arranged the sale of Stonemill Design Center, a flex office campus on 8.3 acres at 2915 Red Hill Ave. in Costa Mesa. Kevin Shannon, Paul Jones, Ken White, Brandon White, Chris Benton and Anthony Muhlstein of Newmark represented the undisclosed seller, an institutional investor, in the transaction. A private investor acquired the asset for an undisclosed price. Totaling 127,753 square feet, the campus features seven flex office buildings that are 94 percent leased by a diverse mix of commercial, industrial and office tenants. Situated in the Greater Airport Area submarket, the property is adjacent to SR-73 Freeway and offers proximity to South Coast Plaza.

March 30, 2026

Leasing Activity Midwest Office Wisconsin

Astec Industries Signs 8,353 SF Office Lease in Mequon, Wisconsin

by Kristin Harlow March 30, 2026

MEQUON, WIS. — Kolberg-Pioneer Inc., a division of Astec Industries, has signed a lease with St. John Properties Inc. for 8,353 square feet at Donges Bay Office Center in the Milwaukee suburb of Mequon. The two-story office building totals nearly 36,000 square feet. The company, which provides equipment servicing the infrastructure, aggregates and mining industries, plans to relocate approximately 20 employees to the building at 10375 N. Baldev Court later this year. Greg Fax represented the landlord on an internal basis, while Brett Garceau of Colliers represented the tenant. St. John Properties acquired the building in 2022.

March 30, 2026

Leasing Activity New York Northeast Office

Watershed Technology Signs 15,180 SF Office Lease in Manhattan’s NoHo District

by Taylor Williams March 30, 2026

NEW YORK CITY — Watershed Technology Inc. has signed a 15,180-square-foot office lease in Manhattan’s NoHo district. The provider of software that tracks sustainability data will occupy the entire fifth floor at 440 Lafayette Street, which is part of a larger, three-building complex. Sacha Zarba and Conor Krup of CBRE represented the tenant in the lease negotiations. Robert Silver, Anthony Sciacca and Brittany Silver of Newmark, along with internal agent Neith Stone, represented the landlord, GFP Real Estate.

March 30, 2026

Development Healthcare Office Texas

Skanska USA Completes 20,772 SF Adaptive Reuse Project in Houston’s Third Ward

by Taylor Williams March 27, 2026

HOUSTON — Skanska USA has completed a 20,772-square-foot adaptive reuse project in Houston’s Third Ward. The project converted the historic Riverside General Hospital, which originally opened in 1926, into the new home of the Harris County Public Health Department. The work encompassed renovations to the main hospital building, former nursing school and adjacent utility structure. The project team also integrated new mechanical, electrical and life-safety systems throughout.

March 27, 2026

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