Office

Bridgeway Real Estate Partners, LBX Investments Buy Plaza Del Mar Office Campus in San Diego for $43M

by Amy Works April 1, 2026

SAN DIEGO — Bridgeway Real Estate Partners, in partnership with LBX Investments, has acquired Plaza Del Mar, an office campus in the Del Mar Heights submarket of San Diego, for $43 million, or $352 per square foot. Located at 12520 and 12526 High Bluff Drive, Plaza Del Mar offers 120,000 square feet of office space. Bridgeway plans to reintroduce the property to the market with an enhanced campus environment, including upgrades to the common area courtyards. Scott Peterson, Mark McGovern, Colby Matzke and Michael Kolcum of CBRE’s Debt and Structured Finance secured acquisition financing on behalf of the buyer. CBRE’s Mike Hoeck, Chris Pascale and Ellycia Walker will handle leasing for the property. Rick Reeder of Newmark represented the undisclosed seller in the transaction.

April 1, 2026

California Loans Office Western

JLL Arranges $7.5M Refinancing for Retail, Office Building in Long Beach, California

by Amy Works April 1, 2026

LONG BEACH, CALIF. — JLL Capital Markets has arranged a $7.5 million permanent loan to refinance 200 Pine Avenue, a 64,376-square-foot retail and office property located in Long Beach. Brad Vansant and Jenna Frakes of JLL secured the fixed-rate financing on behalf of the borrower, Bascom Group. Renovated in 2022, 200 Pine Avenue is a six-story building with an attached 123-stall parking garage and ground-floor retail space. The building, which has recently been renovated to provide common area and tenant improvements, is 81 percent leased to 15 tenants. Restaurant and sports bar Dirty Birds recently signed a lease to occupy a portion of the ground-floor retail space, joining Agaves Kitchen & Tequila and Agaves Ultra Lounge.

April 1, 2026

Leasing Activity Northeast Office Pennsylvania

Pep Boys Signs 37,000 SF Office Lease Expansion in Bala Cynwyd, Pennsylvania

by Taylor Williams April 1, 2026

BALA CYNYWD, PA. — Pep Boys has signed a 37,000-square-foot office lease expansion in Bala Cynwyd, a northwestern suburb of Philadelphia. The Philadelphia-based automotive services company now occupies more than 70,000 square feet at One Presidential Boulevard, a four-story, 133,115-square-foot building. Michael Monahan and Brian Smyth of CBRE represented Pep Boys in the lease negotiations. The landlord was not disclosed.

April 1, 2026

Acquisitions Office Texas

FCCU Buys 470,623 SF Office Building in Northwest Houston for New Headquarters

by Taylor Williams March 31, 2026

HOUSTON — First Community Credit Union (FCCU) has purchased Noble Energy Center Two, a 470,623-square-foot office building in northwest Houston, for its new headquarters. Built on 4.7 acres in 2020, the building will “provide the space and infrastructure needed to enhance collaboration, develop talent and deliver an elevated experience for FCCU’s more than 180,000 members,” according to FCCU. Jeff Hollinden, Kevin McConn and Max Myers of JLL represented the undisclosed seller in the transaction. Larry Cedillo of Cross Capital Realty represented FCCU.

March 31, 2026

Acquisitions Office Texas

JLL Brokers Sale of 171,510 SF Office Building in Houston’s Galleria District

by Taylor Williams March 31, 2026

HOUSTON — JLL has brokered the sale of 1800 Bering, a 171,510-square-foot office building in Houston’s Galleria district. The 10-story building was roughly 83 percent leased at the time of sale and offers amenities such as a micro market, tenant lounge, conference center and an outdoor patio. Kevin McConn and Marty Hogan of JLL represented the seller, California-based investment firm KBS, in the transaction. Michael Johnson and Michael King, also with JLL, arranged acquisition financing on behalf of the buyer, local private equity firm DML Capital. The new ownership has tapped Transwestern as the leasing agent.

March 31, 2026

Leasing Activity Office Texas

Yardi Signs 70,106 SF Office Lease at 7900 Windrose in Plano

by Taylor Williams March 31, 2026

PLANO, TEXAS — Yardi has signed a 70,106-square-foot office lease in Plano. The real estate technology firm is taking space at 7900 Windrose, a 19-story, 1 million-square-foot building. Matt Schendle, Travis Boothe, Carrie Halbrooks, Mary Frances Burnette, David Harris and Tom Wille of Cushman & Wakefield represented the undisclosed landlord in the lease negotiations. Randy Cooper, Wills Bauer and Nate Hruby of Stream Realty Partners represented Yardi.

March 31, 2026

Development New York Northeast 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

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