Office

JBG Smith Begins Office-to-Residential Conversion Project in Metro D.C.

by John Nelson May 28, 2026

ARLINGTON, VA. — JBG Smith and general contractor Davis Construction have begun the conversion of 2200 Crystal Drive, an 11-story office building in Arlington spanning 315,000 square feet. Built in 1968 and renovated in 2006, the office building is situated in National Landing, a neighborhood in metropolitan Washington, D.C., that is anchored by Amazon’s HQ2 office. JBG Smith, along with joint venture equity partner Declaration Partners, is repositioning the office building into a 195-unit multifamily community. BNY is providing an undisclosed amount of construction financing for the project. JBG Smith recently sold an adjacent office building, 2100 Crystal Drive, that is being converted to a dual-brand hotel. Additionally, the Arlington County Board recently approved JBG Smith’s conversion of two more office buildings, 1800 and 1901 South Bell Street, into more than 300 residential units.

May 28, 2026

Leasing Activity New York Northeast Office

Brown Advisory Signs 34,748 SF Office Lease in Midtown Manhattan

by Taylor Williams May 28, 2026

NEW YORK CITY — Brown Advisory has signed a 15-year, 34,748-square-foot office lease in Midtown Manhattan. The global investment manager plans to relocate and expand from its space at the building at 12 E. 49th St. to the entire 27th and part of the 26th floor at 520 Madison Avenue during the fourth quarter. Cynthia Wasserberger, Michael Berg, Bobby Blair and Sofia Bruno of JLL represented the tenant in the lease negotiations. Megan Sheehan and Sam Brodsky internally represented the landlord, Tishman Speyer.

May 28, 2026

Leasing Activity New York Northeast Office

BrightTower Signs 13,857 SF Office Lease in Midtown Manhattan

by Taylor Williams May 27, 2026

NEW YORK CITY — BrightTower has signed a 13,857-square-foot office lease in Midtown Manhattan. The local investment bank and capital markets advisory firm will relocate and expand from its space at 110 E. 25th St. to the entire 32nd floor of 41 Madison Avenue, a 42-story, 560,000-square-foot building, during the second quarter. Neil King and Alexander Golod of CBRE represented BrightTower in the lease negotiations. Robert Steinman internally represented the landlord, Rudin.

May 27, 2026

Acquisitions California Mixed-Use Office Restaurant Retail

Bridgeton Divests of 36,000 SF Museum Parc Mixed-Use Property in San Francisco

by Amy Works May 27, 2026

SAN FRANCISCO — Bridgeton has completed the sale of Museum Parc, a mixed-use property in San Francisco’s SoMa neighborhood, to DPI Retail for $19.2 million. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction. Located at 300 3rd St., Museum Parc features 36,000 square feet of fully leased street-level retail space situated below 234 condominium units. Current commercial tenants include Crunch Fitness, El Dorado Latin Fusion, Aquabyte and TowerWAV.

May 27, 2026

Acquisitions Office Texas

Partners Real Estate Brokers Sale of 114,525 SF Office Building in Northeast Dallas

by Taylor Williams May 26, 2026

DALLAS — Partners Real Estate has brokered the sale of a 114,525-square-foot office building in northeast Dallas. According to LoopNet Inc., the seven-story building at 6500 Greenville Ave. was constructed in 1981 and renovated in 2000. Justin Utay and Jeremy Brubaker of Partners represented the undisclosed buyer, which plans to make capital improvement to the building, in the transaction. The seller and sales price were also not disclosed.

May 26, 2026

Acquisitions Arizona Office Western

Cushman & Wakefield | PICOR Brokers $3.3M Sale of Office Building in Tucson

by Amy Works May 26, 2026

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 52,000-square-foot office building located located at 100-150 N. Tucson Blvd. in Tucson. Tucson Sam Hughes LLC acquired the asset from Eria LLC for $3.3 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Robert Davis of Tango Commercial Real Estate represented the buyer in the deal.

May 26, 2026

Development Loans Midwest Multifamily Office Wisconsin

Dwight Capital Provides $114M HUD-Insured Loan for Office-to-Apartment Conversion in Milwaukee

by Kristin Harlow May 26, 2026

MILWAUKEE — Dwight Capital has provided a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, a 34-story office building in Milwaukee, into a 373-unit luxury apartment community. Positioned at the heart of the city’s central business district along the Milwaukee River, 100 East Wisconsin is currently the state’s third-tallest building and will become the tallest residential building upon completion, according to Dwight. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include a fitness center, yoga studio, spa, coworking space, conference room, pet lounge, bike storage, multiple lounge and bar areas, a game room with a sports simulator and a rooftop deck with swimming pool. At 35 years old, 100 East Wisconsin is among the newest buildings ever added to the National Register of Historic Places, having been designated in January 2025 in recognition of its architectural and historic significance. The distinction qualified the project for federal and state historic tax credits. The City of Milwaukee further supported the project with a tax-increment financing package of up to $16.6 million through a newly established tax-increment district. The HUD loan was the largest multifamily HUD loan ever closed in Wisconsin; the largest …

May 26, 2026

Leasing Activity Office Texas

Three Tenants Sign Office Leases Totaling 36,548 SF at Frisco Station

by Taylor Williams May 22, 2026

FRISCO, TEXAS — Three tenants have signed office leases totaling 36,548 square feet at Frisco Station, a 242-acre mixed-use development located north of Dallas. The tenants — architecture and engineering firm Parkhill (26,254 square feet), cement manufacturer Ash Grove (5,174 square feet) and financial advisory group Raymond James (5,120 square feet) — will all occupy space at Offices Three at Frisco Station. A partnership between Hillwood, VanTrust Real Estate and The Rudman Partnership owns Frisco Station.

May 22, 2026

Development Office Restaurant Retail Texas

PAGEWOOD Breaks Ground on Adaptive Reuse Project in Downtown Houston

by Taylor Williams May 20, 2026

HOUSTON — Local developer PAGEWOOD has broken ground on Phase I of East Blocks, an adaptive reuse project in Houston’s East Downtown neighborhood. Designed by Gensler and developed in partnership with Wile Interests, the project will transform a 10-block stretch of mid-20th century warehouses into a district of walkable restaurants, shops, offices and green spaces. Phase I involves the conversion of two 15,000-square-foot warehouses at 1107 Hutchins St. and 2202 Dallas St. Delivery of Phase I is slated for August.Phase I

May 20, 2026

Leasing Activity New York Northeast Office

MiQ Digital USA Signs 18,600 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams May 20, 2026

NEW YORK CITY — MiQ Digital USA, an AI-powered advertising company, has signed an 18,600-square-foot office lease expansion at 261 Fifth Avenue, a 25-story, 450,000-square-foot building in Midtown Manhattan. A tenant at the building since 2018, MIQ will relocate from its spaces on the 25th and 26th floors to the entire 20th and 21st floors, as well as part of the 19th floor, yielding a total new footprint of 42,000 square feet. Chase Gordon and Tyler Marshall of Transwestern, along with Josh Kurstin of Colliers, represented MIQ in the lease negotiations. Andrew Wiener, Kyle Young and Tim Parlante represented the landlord, The Feil Organization, on an internal basis.

May 20, 2026

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