Office

Marcus & Millichap Brokers $24.5M Sale of Medical Office Building in Germantown, Tennessee

by Abby Cox August 31, 2026

GERMANTOWN, TENN. — Marcus & Millichap has brokered the $24.5 million sale of Conrad Pearson Clinic, a 33,777-square-foot medical office building located in Germantown, roughly 21 miles southeast of Memphis. Spencer Koch and Chris Biuso of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee in the transaction. Built in 2002 at 1325 Wolf Park Drive, Conrad Pearson Clinic and its integrated affiliate, the Wolf River Surgery Center, fully occupied the property at the time of sale, according to LoopNet Inc. The property is situated near Methodist Le Bonheur Germantown Hospital, Saint Francis Medical Partners Germantown and Baptist Memorial Rehabilitation Hospital.

August 31, 2026

Connecticut Development Multifamily Northeast Office

Condyne Capital Receives Approval for Office-to-Residential Conversion Project in Windsor, Connecticut

by Taylor Williams August 31, 2026

WINDSOR, CONN. — Metro Boston-based developer Condyne Capital Partners has received approval for an office-to-residential conversion project in Windsor, located north of Hartford. Designed by Maugel Destefano Architects, the project will transform the 99,480-square-foot building at 500 Day Hill Road, which formerly housed the operations of commercial printing and packaging company Konica Minolta, into a 300-unit apartment community. The new apartment community will offer studio, one- and two-bedroom units. Amenities will include a pool, fitness center, pickleball court, multi-purpose court, dog park and outdoor grilling and dining areas. Construction is scheduled to begin this fall.

August 31, 2026

Acquisitions New York Northeast Office

Olmstead, Vertex Buy 302,000 SF Office Building in Midtown Manhattan

by Taylor Williams August 31, 2026

NEW YORK CITY — A partnership between two locally based owner-operators, Olmstead Properties and Vertex, has purchased 19 West 44th Street, a 302,000-square-foot office building in Midtown Manhattan. The 18-story building was 79 percent leased at the time of sale and recently received capital improvements to building systems, common areas and prebuilt suites. Tenants include Yipit, HARMAN International, Robert Derector, Corporate Service Corp., EOS Products and Bitwise. Will Silverman of Eastdil Secured Savills represented the seller, Savanna, in the transaction. Derby Lane Capital provided acquisition financing for the deal.

August 31, 2026

Leasing Activity New York Northeast Office

Ameriprise Financial Signs 37,704 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams August 31, 2026

NEW YORK CITY — Ameriprise Financial Inc. has signed a 37,704-square-foot office lease renewal in Lower Manhattan. The financial advisory firm will keep its space on the 78th floor of One World Trade Center, where it has been a tenant since 2016, for another decade. Josh Kurlioff, Drew Braver, Heather Thomas and Nicole Estevez of Cushman & Wakefield represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed the property in partnership with the Port Authority of New York & New Jersey.

August 31, 2026

Florida Market Reports Office Southeast Southeast Market Reports

Orlando Gains Momentum Via Strong Office Leasing, Owner-User Acquisitions

by John Nelson August 31, 2026

Orlando’s office market is experiencing a notable resurgence, driven by strong sales volume across both owner-user transactions and institutional investment activity. This surge is helping push vacancies lower, tightening the leasing market and reinforcing investor confidence in the metro’s long-term fundamentals. Orlando is moving decisively past its post-pandemic softness and into a new phase of growth. Lease rates remained largely stable, with the market average sitting at $28.36 per square foot in the second quarter. Trophy space, meanwhile, commands average asking rents of $36.52 per square foot, a $4.20 premium over Class A product. However, several indicators suggest that stability may soon give way to upward movement. Recent owner-user sales activity, combined with high-profile leasing commitments such as TMRW Sports, the golf-technology venture backed by Tiger Woods and Rory McIlroy, signing for 40,000 square feet in downtown Orlando, points to tightening conditions and growing demand for premium space. Landlords with quality assets in well-located submarkets are increasingly positioned to push rents higher in the coming quarters. That growth is underpinned by strong population and employment gains, with particularly robust expansion in healthcare, technology and professional services. Health and education services posted a 4.5 percent increase in employment over the previous …

August 31, 2026

Acquisitions New York Northeast Office Retail

Atlantic Capital Partners Negotiates $31M Sale of Manhattan Office, Retail Building

by Taylor Williams August 28, 2026

NEW YORK CITY — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $31 million sale of 893 Broadway, a 25,442-square-foot office and retail building in Manhattan’s Flatiron District. The five-story building was fully leased at the time of sale. Mattress retailer Saatva occupies the lower-level and ground-floor retail spaces, and Chief, a private network for female executives, occupies the office space on floors two through five. Justin Smith, Chris Peterson, Sam Koonce and Danielle Turpin of ACP represented the undisclosed seller in the transaction.

August 28, 2026

Acquisitions Office Texas

Newmark Negotiates Sale of 229,307 SF Office Building in Richardson, Texas

by Taylor Williams August 27, 2026

RICHARDSON, TEXAS — Newmark has negotiated the sale of Tower 2600, a 229,307-square-foot office building located in the northeastern Dallas suburb of Richardson. The nine-story building was 92 percent leased at the time of sale and offers amenities such as a fitness center, conference facilities, tenant lounge and grab-and-go food service. Gary Carr, Robert Hill, Chris Murphy and Austin Sheahan of Newmark represented the seller, Development Ventures Group, in the transaction. The buyer was Harkinson Investment Group.

August 27, 2026

Leasing Activity Office Texas

NAES Corp. Signs 28,000 SF Office Lease Expansion in The Woodlands, Texas

by Taylor Williams August 27, 2026

THE WOODLANDS, TEXAS — NAES Corp. has signed a 28,000-square-foot office lease expansion at Hughes Landing in The Woodlands, about 30 miles north of Houston. The power plant operator is currently a subtenant at 1735 Hughes Landing and will soon establish a long-term presence at 1725 Hughes Landing. Lucian Bukowski of Stream Realty Partners and Kip Durrell of CBRE represented the tenant in the lease negotiations. Jillian Fredericks, Joel Douthit and John Spafford, also with CBRE, represented the landlord, Howard Hughes Holdings.

August 27, 2026

Acquisitions Arizona Healthcare Industrial Mixed-Use Office Western

Venture West Group Sells Innovation Park in Oro Valley, Arizona for $21.2M

by Amy Works August 27, 2026

ORO VALLEY, ARIZ. — Venture West Group has sold Innovation Park, a 333-acre master-planned business park in Oro Valley, to Bourn Cos. for $21.2 million. Robert Glaser, Richard Kleiner, Greg Furrier, Alexis Corona and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller in the transaction. Kate Zimmerman, also with Cushman & Wakefield | PICOR, supported the transaction. Located at the northwest corner of Oracle and Tangerine roads, the business park is home to a variety of tenants, including Roche Tissue Diagnostics, the University of Arizona Center for Innovation at Oro Valley and Oro Valley Hospital.

August 27, 2026

Development Multifamily Office Top Stories

Joint Venture Plans $120M Office-to-Apartment Conversion Project in Coastal Connecticut

by Hayden Spiess August 27, 2026

NORWALK, CONN. — A joint venture between Saber-Hightower LLC and Granoff Real Estate has announced plans for the repositioning of two vacant office buildings in Norwalk, a coastal town near the Long Island Sound. Development costs of the conversion are estimated at $120 million. The properties — 101 and 102 Merritt 7 — will be converted into apartment buildings totaling 286 loft-style units. Situated within the Merritt 7 office park, the eight-story buildings together comprise 511,000 square feet and were the first of the six buildings constructed at Merritt 7 in the early 1980s. Amenities at the redeveloped properties, dubbed M7 Lofts, will include more than 1,300 parking spaces and a landscaped top-level deck with a lawn, swimming pool, dog runs, a putting green and a bocce ball court. M7 Lofts will offer a mix of 42 studios, 167 one-bedroom units and 77 two-bedroom apartments averaging 983 square feet in size. Twenty-six units will be designated as affordable under the city’s inclusionary requirements. “While some developers may have looked at these buildings as a teardown-and-rebuild opportunity, we saw the value in reusing what was there,” says Greg Belew, co-founder of Saber-Hightower, which is based in Briarcliff Manor, N.Y. “With 11-foot …

August 27, 2026

Newer Posts

Older Posts