Wednesday, July 8, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Office

LoansNew YorkNortheastOffice

Newmark Arranges $515M Refinancing of Midtown Manhattan Office Building

by Taylor Williams

NEW YORK CITY — Newmark has arranged the $515 million refinancing of 31 West 52nd Street, a 785,000-square-foot office building in Midtown Manhattan. A consortium of lenders that was led by Wells Fargo and included Bank of America, Barclays, Citi, Goldman Sachs and JP Morgan provided the debt, which consists of a $415 million senior mortgage loan, a $40 million B-note and a $60 million mezzanine loan. Jordan Roeschlaub, Adam Spies, Adam Doneger, Nick Scribani, Tim Polglase, Dan Axelson and Jack Fenton of Newmark arranged he fixed-rate debt package on behalf of the borrower, local investment firm Rithm Capital. Cushman & Wakefield’s Gideon Gil, Zach Kraft and Cecelia Galligan also advised on the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeSoutheastTennessee

CBRE Arranges Sale of 16-Story Moore Office Building in Nashville

by John Nelson

NASHVILLE, TENN. — CBRE has arranged the sale of The Moore Building, a 16-story office building located at 827 19th Ave. S in Nashville. Shorenstein Investment Advisors purchased the 245,826-square-foot building from Atlanta-based Portman Holdings. Patrick Gildea, Matt Smith, Roscoe High, JT Martin and Morgan Hillenmeyer of CBRE represented the seller in the transaction. JP Cordeiro, Cliff Joyner and Mike Ryan of CBRE’s Debt & Structured Finance team arranged acquisition financing for the buyer. The sales price and loan amount were not disclosed. Built in 2023, The Moore Building is situated in Nashville’s Midtown district and features 9,000 square feet of ground-level retail space, an 11,000-square-foot amenity deck, a sky lobby and lounge, fitness center, conference facilities and above- and below-grade parking totaling nearly 600 spaces. The property is named after Scotty Moore, the longtime guitarist to Elvis Presley who had once operated a recording studio at the site. According to Nashville Business Journal, TikTok is an anchor tenant at the LEED-certified office building.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestOfficeOhio

CBRE Opens 19,500 SF Office in Downtown Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — CBRE has opened its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces designed to support hybrid working. The office features several different work areas organized across six team “neighborhoods,” each offering a mix of individual and shared meeting and support spaces along with focus rooms, huddle rooms, conference rooms and project rooms. The office’s design draws inspiration from bespoke hotels and hospitality-focused experiences.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMassachusettsMixed-UseMultifamilyNortheastOfficeRetailTop Stories

Brookfield, New England Development Acquire Former Naval Station Near Boston, Plan Major Mixed-Use Project

by John Nelson

WEYMOUTH, MASS. — A joint venture between New York City-based Brookfield Properties and Boston-based New England Development has purchased the site of the former South Weymouth Naval Air Station in metro Boston. The co-developers acquired the 1,400-acre site from Washington Capital Management for $65 million. Brookfield and New England Development are planning a mixed-use redevelopment that would include 6,500 housing units, along with about 2 million square feet of commercial and retail space. The project will span more than 1,400 acres across three municipalities — Weymouth, Rockland and Abington, Mass. The Weymouth City Council has unanimously approved the land reuse plan, which also was approved by the towns of Rockland and Abington. The State of Massachusetts has also expressed strong support for the redevelopment plan. The redevelopment will mark the largest residential and commercial project to date in Massachusetts, according to John Twohig, executive vice president of New England Development. In addition to the commercial and residential components, the proposed project will preserve more than 880 acres of open and restricted space that can be activated for both public recreational use and wildlife preservation. Situated about 16 miles south of Boston in Norfolk and Plymouth counties, the South Weymouth Naval …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentOfficeTexas

Partnership Underway on $12M Renovation of Dallas Office Campus

by Taylor Williams

DALLAS — A partnership between Chicago-based Glenstar and New York City-based Affinius Capital is underway on the $12 million renovation of Energy Square, a five-building office campus located in the University Park area of Dallas. Designed by Gensler, the latest capital improvement program will involve the build-out of speculative suites and new conference rooms on the third floor of Energy Square Building II, as well as full-floor build-outs of tenant-ready spaces on multiple floors throughout that building. The partnership will also introduce a ground-level tenant lounge at Energy Square Building III that will be anchored by a café and bar concept. JLL is the leasing agent for the campus.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaOfficeSoutheast

Partnership to Develop 131,000 SF Office Building in Boca Raton, Florida

by John Nelson

BOCA RATON, FLA. — A partnership between Butters Construction & Development Inc., PEBB Enterprises and Konsker Development plans to develop One Midtown, a 131,000-square-foot office building in Boca Raton’s Midtown submarket. The property will comprise 120,000 square feet of Class A office space and 11,000 square feet of ground-level retail space. The developers say that One Midtown is approximately 35 percent preleased. Christina Jolley, Kevin Carrasco, Tere Blanca and Danet Linares of Blanca Commercial Real Estate are the office leasing representatives, and Zach Feldman of PEBB is overseeing retail leasing on behalf of ownership. The construction timeline for the project was not released.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Adaptive Security Signs 51,220 SF Office Sublease in Manhattan’s Financial District

by Taylor Williams

NEW YORK CITY — Adaptive Security has signed a 51,220-square-foot office sublease in the Financial District of Lower Manhattan. The AI-powered cybersecurity company is taking space formerly leased to BarkBox, an e-commerce firm for the pet products industry, at 120 Broadway. Zev Holzman, Christopher Foerch, Will Demuth and Riley Scanlon of Savills represented the subtenant in the lease negotiations. Ross Zimbalest of CBRE represented the sublandlord. The owner of the building was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Villa-Creek-Dallas
DevelopmentIndustrialOfficeTexas

Foundry Commercial to Undertake Office-to-Industrial Conversion in Dallas

by Taylor Williams

DALLAS — Foundry Commercial, an Orlando-based development and brokerage firm, will undertake an office-to-industrial conversion project in Dallas. The address of the office building was not announced, but the new industrial facility will total approximately 126,000 square feet and will be known as Villa Creek. The building will feature 32-foot clear heights, 28 dock-high doors and two drive-in doors. Construction is scheduled to begin this summer and to last about a year. Villa Creek will be Foundry’s 12th office-to-industrial conversion nationally and seventh in the Dallas-Fort Worth metroplex.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastOffice

Kislak Negotiates 26,653 SF Office Headquarters Lease in New Providence, New Jersey

by Taylor Williams

NEW PROVIDENCE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated a 26,653-square-foot office headquarters lease in New Providence, about 30 miles west of New York City. The tenant is nonprofit organization Our House, and the space is located within the 171,216-square-foot building at 41 Spring St. Matthew LoBocchiaro of Kislak represented the tenant in the lease negotiations. Doug Rowe and Geoffrey Schubert of Lee & Associates represented the landlord.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Argentic Investment Management Signs 13,000 SF Office Lease in Manhattan’s Flatiron District

by Taylor Williams

NEW YORK CITY — Argentic Investment Management has signed a 13,000-square-foot office lease in Manhattan’s Flatiron District. The financial services firm will occupy the entire 20th floor the Gramercy Park Building, a 238,000-square-foot structure at 257 Park Ave. S that is now 97 percent leased. Neil Goldmacher, Eric Zemachson and Scott Gutnick of Newmark represented the tenant in the lease negotiations. Andrew Wiener and Robert Fisher represented the landlord, The Feil Organization, on an internal basis.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts