Office

CBRE Brokers $12.4M Sale of Two-Building Office Portfolio in La Palma, California

by Amy Works February 3, 2026

LA PALMA, CALIF. — CBRE has facilitated the sale of an office portfolio located at 24 and 26 Centerpointe Drive in La Palma. A local 1031 exchange investor acquired the property from an institutional seller for $12.4 million, or $257 per square foot. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE’s Private Capital Partners represented the seller in the deal. The 44,953-square-foot portfolio includes two high-image, single-story office/flex buildings situated within a landscaped campus setting. The portfolio features recent multi-million-dollar common area upgrades, a shared association lounge and efficient surface parking.

February 3, 2026

These tables highlight major office market indicators across North America for Q42025, including vacancy rates, rents, prices per square foot, construction activity, inventory sizes and capitalization rates. Source: Lee & Associates’ 2025 Q4 North America Market Report.

Content Partner Development Features Industrial Leasing Activity Lee & Associates Loans Midwest Multifamily Northeast Office Retail Southeast Texas Western

Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

by Sarah Daniels February 3, 2026

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …

February 3, 2026

Florida Leasing Activity Office Southeast

D-Wave Quantum to Relocate Global Headquarters to Boca Raton Innovation Campus in South Florida

by Abby Cox February 2, 2026

BOCA RATON, FLA. — D-Wave Quantum Inc., a publicly traded dual-platform quantum computing company, will relocate its global headquarters and primary U.S. research-and-development facility to Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office park in South Florida. Formerly located at 2650 E. Bayshore Road in Palo Alto, Calif., the technology company plans to move into its new 25,000-square-foot office space by the end of 2026. D-Wave Quantum’s move is further supported by a separate, $20 million commitment from Florida Atlantic University, which intends to purchase and install D-Wave’s Advantage2 quantum computer on its nearby campus. Since acquiring the property in 2018, CP Group has completed a $100 million redevelopment of BRiC, which includes the addition of two coffee shops and an autonomous grab-and-go store; an onsite wellness center run by Boca Raton Regional Hospital; a revitalized dining and banquet hall; flex indoor/outdoor event space available for rent; and a 1,100-space parking garage. CP Group secured more than 300,000 square feet in new leases at BRiC in late 2025 alone.

February 2, 2026

Leasing Activity New York Northeast Office

Mandelbaum Barrett Renews, Expands Midtown Manhattan Office Lease

by Taylor Williams February 2, 2026

NEW YORK CITY — Mandelbaum Barrett PC has renewed and expanded its office lease in Midtown Manhattan. The law firm now occupies 11,330 square feet across the entire 21st floor at 570 Lexington Avenue, a 450,622-square-foot building that was constructed in 1932. The landlord, The Feil Organization, was self-represented in the lease negotiations. The tenant representative was not disclosed.

February 2, 2026

Leasing Activity North Carolina Office Southeast

K&L Gates Relocates Research Triangle Park Office to Horseshoe at Hub RTP

by Abby Cox January 30, 2026

DURHAM, N.C. — Global law firm K&L Gates LLP has relocated its newest Durham office in Research Triangle Park to Horseshoe at Hub RTP, a 157,500-square-foot mixed-use development located at 3151 Elion Drive. In late 2026, the firm will move into a 20,000-square-foot office on the fourth floor at Horseshoe. Don Shupe of CBRE represented K&L Gates, while Patti Autry and Hillman Duncan of JLL represented the landlord, Charlotte-based White Point Partners, in the lease negotiations. Horseshoe at Hub, which serves at the central gathering point for the 100-acre Hub RTP development, features a five-story office building with two single-story retail/restaurant pavilions, along with 16 acres of greenspace and trails. Horseshoe currently has 78,000 square feet of office space and 10,000 square feet of retail space available for lease.

January 30, 2026

Development Office Texas

Accesso to Renovate 235,620 SF Office Building in West Houston

by Taylor Williams January 29, 2026

HOUSTON — Accesso, a Florida-based owner-operator, will renovate 3900 Essex, a 235,620-square-foot office building in West Houston. Plans for the capital improvement project include lobby renovations and construction of several spec suites throughout the 12-story building. These upgrades build on recently completed enhancements of the HVAC, fire and security systems and newly updated common areas and amenity spaces at 3900 Essex, including a fitness center and a conference facility. Accesso also secured a two-year loan extension in conjunction with the announcement of new capital improvements.

January 29, 2026

Loans New York Northeast Office

Newmark Arranges $210M Refinancing of Midtown Manhattan Office Building

by Taylor Williams January 29, 2026

NEW YORK CITY — Newmark has arranged the $210 million refinancing of 1375 Broadway, a 520,000-square-foot office building in Midtown Manhattan. The building recently underwent a capital improvement program that upgraded the lobby, entrance, common areas and tenant lounges and also introduced a 6,000-square-foot rooftop terrace. Nick Scribani, Ricky Braha, Tim Polgase and Niv Shahmoon of Newmark arranged the debt through Boston-based private equity firm Bain Capital. The borrower was a partnership between 60 Guilders and Sentry Realty.

January 29, 2026

Leasing Activity New York Northeast Office

Wolf Popper Signs 13,400 SF Office Lease in Midtown Manhattan

by Taylor Williams January 29, 2026

NEW YORK CITY — Wolf Popper LLP has signed a 13,400-square-foot office lease in Midtown Manhattan. The law firm will occupy the entire 19th floor at 570 Lexington Avenue, a 450,622-square-foot building that was constructed in 1932. Daniel Horowitz, Ira Schuman, Jeffrey Peck, Jacob Stern and Skyler Celotto of Savills represented the tenant in the lease negotiations. The landlord, The Feil Organization, was self-represented.

January 29, 2026

Leasing Activity Office Texas

CannonDesign Signs 9,897 SF Office Lease at Greenway Plaza in Houston

by Taylor Williams January 28, 2026

HOUSTON — CannonDesign has signed a 9,897-square-foot office lease at the 52-acre Greenway Plaza office complex in Houston. The integrated design services firm will occupy space on the fifth floor at 20 Greenway Plaza, a 433,132-square-foot building. Abby Alford of Stream Realty Partners represented the tenant in the lease negotiations. Steve Rocher and Rima Soroka of CBRE represented the landlord, Stockdale Capital Partners.

January 28, 2026

California Loans Mixed-Use Office Restaurant Retail Western

CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

by Amy Works January 28, 2026

NAPA, CALIF. — CBRE has arranged a $57.6 million loan for the refinancing of First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions to include Blue Bottle Coffee, Daily Recess and the Don Perico restaurant.

January 28, 2026

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