Office

Bucksbaum Properties Buys One El Paseo Plaza Mixed-Use Complex in Palm Desert, California

by Amy Works March 26, 2026

PALM DESERT, CALIF. — Bucksbaum Properties has acquired One El Paseo Plaza, a mixed-use office and restaurant property in Palm Desert. Terms of the transaction were not released. Situated on 5 acres at 74199 El Paseo Drive and 74225 and 74245 Highway 111, One El Paseo Plaza offers 86,835 rentable square feet. The complex features two two-story office buildings and an adjacent restaurant pavilion — originally Palm Desert’s first commercial building. The buildings feature granite lobbies, flexible floor plates and a parking ratio of 3.5 spaces per 1,000 square feet, including assigned and covered parking.

March 26, 2026

Leasing Activity Massachusetts Northeast Office

Hunneman Negotiates 24,103 SF Office Lease in Braintree, Massachusetts

by Taylor Williams March 26, 2026

BRAINTREE, MASS. — Regional brokerage firm Hunneman has negotiated a 24,103-square-foot office lease in Braintree, a southern suburb of Boston. The tenant is the Massachusetts Department of Children & Families, and the space is located within Forbes Business Center, a three-building, 150,000-square-foot development. Ned Halloran and Leeanne Rizzo of Hunneman represented the landlord, KS Partners, in the lease negotiations.

March 26, 2026

Leasing Activity New York Northeast Office

QSAC Signs 23,633 SF Office Lease in Garden City, New York

by Taylor Williams March 26, 2026

GARDEN CITY, N.Y. — QSAC, a nonprofit organization supporting people with autism, has signed a 23,633-square-foot office lease in Garden City, located on Long Island. The space spans portions of the first and second floors of the building at 711 Stewart Ave. Kyle Crennan and Joe Lopresti of JLL represented the landlord, Benedict Realty Group, in the lease negotiations. Roy Chipkin of CBRE represented the tenant.

March 26, 2026

Leasing Activity Office Texas

John Moore LLC Signs 16,234 SF Office Lease in Northwest Houston

by Taylor Williams March 25, 2026

HOUSTON — John Moore LLC has signed a 16,234-square-foot office lease in northwest Houston. The provider of home services has committed to Sam Houston Crossing II, a 159,056-square-foot building. Charles Dorfman of Cresa (formerly Cushman & Wakefield) represented the tenant in the lease negotiations. Louann Pereira and Doug Little of Transwestern represented the landlord, California-based Buchanan Street Partners.

March 25, 2026

Illinois Loans Midwest Office Retail

MMCC Secures $4M in Financing for Office, Retail Property in Suburban Chicago

by Kristin Harlow March 25, 2026

DOWNERS GROVE, ILL. — Marcus & Millichap Capital Corp. (MMCC) has secured $4 million in financing for a 19,000-square-foot office and retail property located at 5100 Main St. in Downers Grove. Dean Giannakopoulos of MMCC secured the financing with a regional lender on behalf of the private client. The loan features high leverage, flexible prepayment and a 5.95 percent interest rate. The property’s ground floor is home to Peet’s Coffee and Duly Health. There is additional office space on the building’s upper floors.

March 25, 2026

Leasing Activity Office Texas

Forum Energy Technologies Signs 81,138 SF Office Lease Extension in Northwest Houston

by Taylor Williams March 24, 2026

HOUSTON — Forum Energy Technologies has signed an 81,138-square-foot office lease extension in northwest Houston. The global manufacturing company that serves the energy sectorwill remain a tenant at Sam Houston Crossing II, a 159,056-square-foot building. Jeff Cairns of JLL and Bill Boyer of CBRE represented Forum Energy in the lease negotiations. Louann Pereira and Doug Little of Transwestern represented the landlord, California-based Buchanan Street Partners.

March 24, 2026

Acquisitions California Industrial Loans Office Western

Avatar Financial Group Provides $16.1M Acquisition Loan for Flex Campus in Hawthorne, California

by Amy Works March 24, 2026

HAWTHORNE, CALIF. — Avatar Financial Group has provided a $16.1 million bridge loan for the acquisition of The Yukon, an industrial campus in Hawthorne. The two-year loan carries a 62 percent loan-to-value ratio and financed the undisclosed sponsor’s purchase of the property through a bankruptcy sale. Additionally, the loan provided capital to improve one of the buildings that is vacant and execute a lease-up strategy. Situated on 2.3 acres at 13100-13130 Yukon Ave., the 52,074-square-foot campus features three single-story flex office/light industrial buildings built between 1960 and 1966. The buildings offer 16- to 19-foot ceilings, a secured gated yard, approximately 100 surface parking spaces, six roll-up garage-style doors and 1,600 to 3,000 amps of power. Two of the three buildings, totaling 25,707 square feet, are fully occupied under long-term net leases. The remaining 26,367-square-foot building is currently vacant and will be built out and marketed for lease.

March 24, 2026

Acquisitions Arizona Mixed-Use Office Retail Western

Cushman & Wakefield | PICOR Brokers Sale of 15,023 SF Mixed-Use Property in Tucson

by Amy Works March 24, 2026

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of Harrison Professional Plaza, a mixed-use building at 1020 S. Harrison Road in Tucson. RGR16 LLC purchased the asset from BSH Investments LLC for $2 million. The property features 15,023 square feet of retail and office space. Bryce Horner of Cushman & Wakefield | PICOR represented the seller in the deal.

March 24, 2026

California Leasing Activity Office Top Stories Western

OpenAI Fully Leases 450,000 SF Office Campus in Mountain View, California

by Amy Works March 24, 2026

MOUNTAIN VIEW, CALIF. — OpenAI, the artificial intelligence (AI) giant behind ChatGPT and the $500 billion Stargate Project, has signed a lease with KKR Real Estate Finance Trust Inc. (NYSE: KREF) and TMG Partners to fully occupy 350-380 Ellis, a Class A office campus in the Silicon Valley city of Mountain View. The five-building asset offers 450,000 square feet of office space with move-in ready finishes, indoor and outdoor work environments, meeting/conference rooms, rooftop decks, an executive briefing center, kitchen/break areas on each floor and collaborative space. The campus also features a full-service gastropub restaurant and cafeteria, multi-story parking structure, a tennis court and a sand volleyball court. The property is owned by KREF and capital accounts advised by the REIT’s parent company, KKR & Co. Inc. (NYSE: KKR). In 2024, TMG was selected to reposition 350-380 Ellis into a future-ready office campus. Jon Mackey, Mike Saign and Phil Mahoney of Newmark represented the landlord in the lease negotiations, while Mike Ino, Jon Moeller, Dan Johnson, Rich Duff and Bridget Fahey of JLL represented OpenAI. Founded in 2015, OpenAI has a current market valuation of $840 billion based on its latest fundraising campaign that closed in late February. Sam Altman …

March 24, 2026

Acquisitions Industrial Office Texas

Colliers Brokers Sale of 51,150 SF Industrial Flex Building in Southeast Houston

by Taylor Williams March 23, 2026

HOUSTON — Colliers has brokered the sale of a 51,150-square-foot industrial flex building in southeast Houston. According to LoopNet Inc., the building at 9191 Gulf Freeway was completed in 2015, offers 18- to 21-foot clear heights and was 86 percent leased at the time of sale. David Carter and Jeff Peltier of Colliers represented the seller in the transaction, and Chase Spence and Jordan Trout, also with Colliers, represented the buyer. Both parties requested anonymity.

March 23, 2026

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