Office

Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

by John Nelson January 8, 2026

MIAMI — Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet upon completion in 2028, making it the second tallest building in Florida. The C-PACE financing completes the capital stack for the new skyscraper, according to Bayview PACE. Other capital sources were not released. Designed by Behar Font & Partners, Okan Tower will feature four levels of offices totaling 56,000 square feet; an onsite parking garage totaling 429 spaces; a five-star, Hilton-branded hotel totaling 316 rooms; 236 condo-hotel units managed by Hilton; and Sky Residences, 163 for-sale condominiums that will occupy the tower’s uppermost floors.

January 8, 2026

Acquisitions California Healthcare Office Western

CBRE Negotiates Sale of 72,000 SF Medical Office Building in Escondido, California for $36.4M

by Amy Works January 8, 2026

ESCONDIDO, CALIF. — CBRE has brokered the sale of Valley Parkway Health Center, a medical office building located at 488 E. Valley Parkway in Escondido. Neighborhood Healthcare acquired the asset for $36.4 million. Lars Eisenhauer and Dan Henry of CBRE represented the undisclosed seller, while Chris Ross and Ben Schiesl of JLL represented the buyer in the deal. The four-story, 72,000-square-foot multi-tenant facility includes an ambulatory surgery center, endoscopy center, onsite pharmacy and cardiology lab services.

January 8, 2026

Development Midwest Missouri Office

HDA Completes 39,000 SF Office Renovation for KCI Construction in Metro St. Louis

by Kristin Harlow January 8, 2026

CREVE COEUR, MO. — HDA has completed a 39,000-square-foot office renovation for KCI Construction in Creve Coeur in partnership with ODA Studio. The project transformed an existing building through a comprehensive tenant infill and enhanced both interior and exterior elements of the building. The new headquarters includes amenities such as multiple conference and meeting rooms, focus rooms, a café, dedicated training room and onsite gym.

January 8, 2026

Industrial Leasing Activity Office Texas

Hanjung America Signs 12,978 SF Lease at Industrial Flex Property in Metro Dallas

by Taylor Williams January 7, 2026

FARMERS BRANCH, TEXAS — Hanjung America Co., a division of South Korean automotive company Hanjung NCS, has signed a 12,978-square-foot lease at Westwood Business Park, an industrial flex property located in the northern Dallas metro of Farmers Branch. Kyle Espie of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Eddie Yoo of Landmark Realty Group represented the tenant.

January 7, 2026

Acquisitions Illinois Midwest Office

JLL Arranges Sale of 413,267 SF Mid America Plaza Office Complex in Metro Chicago

by Kristin Harlow January 7, 2026

OAKBROOK TERRACE, ILL. — JLL Capital Markets has arranged the sale and financing of Mid America Plaza, a two-building office complex in the Chicago suburb of Oakbrook Terrace. JLL represented the seller, Equus Capital Partners Ltd., in the sale of the property to Tryperion Holdings. JLL also worked on behalf of the buyer to secure an acquisition loan through an insurance company. Mid America Plaza consists of two 10-story office towers totaling 413,267 square feet. The Class A property was recently renovated with a redesigned lobby, updated atrium spaces with three Wi-Fi lounges, a conference center, outdoor terraces and a new fitness center with a golf simulator. Building improvements included elevator modernizations, HVAC upgrades, LED lighting and electric charging stations in the covered garage. The property is 87 percent leased to tenants such as Graycor Services, BCS Financial, Crowe and International Contractors. The asset is situated on 5.3 acres across the street from Oakbrook Center shopping mall. Sam DiFrancesca, Jaime Fink, Bruce Miller and Misha Katashevich of JLL represented the seller. Lucas Borges, Matt Maksymec and Ryan Planek of JLL arranged the financing.

January 7, 2026

Acquisitions Mixed-Use North Carolina Office Restaurant Retail Southeast

Crescent Sells Mixed-Use Building in Charlotte to Invesco for $58M

by John Nelson January 7, 2026

CHARLOTTE, N.C. — Locally based developer Crescent Communities has sold Elizabeth on Seventh, a 105,000-square-foot mixed-use building in Charlotte. Atlanta-based Invesco purchased the four-story, LEED-certified property for $58 million, according to the Charlotte Business Journal. Completed in 2022, Elizabeth on Seventh is located at the intersection of East Seventh Street and North Caswell Road and offers boutique office space and 22,000 square feet of ground-level retail space. The property’s office tenants include Abry Partners, Abundant Power, Adams Beverages, Becker Morgan Group, Bowman and Brooke, Brown Brothers Harriman and Influencable. Retail and restaurant tenants include Barre3, Catalina Kitchen + Bar, Rosemont Market & Wine Bar and The Yard Milkshake Bar.

January 7, 2026

Leasing Activity New York Northeast Office

Distyl AI Signs 15,038 SF Office Lease in Midtown Manhattan

by Taylor Williams January 7, 2026

NEW YORK CITY — Distyl AI Inc. has signed a 15,038-square-foot office lease in Midtown Manhattan. The developer of AI-native operational systems for Fortune 500 and Global 2000 companies will occupy the entire 10th floor of 135 Madison Avenue, which is also home to tenants such as WeWork, Blender Workspace and FLOS. Max Koeppel represented the landlord, Koeppel Rosen, in the lease negotiations on an internal basis. Savills represented the tenant.

January 7, 2026

Affordable Housing Development District of Columbia Loans Multifamily Office Southeast Top Stories

Nuveen Green Capital Provides $465M C-PACE Financing for Office-to-Residential Conversion Project in D.C.

by Kristin Harlow January 7, 2026

WASHINGTON, D.C. — Nuveen Green Capital (NGC) has provided $465 million in C-PACE financing for The Geneva, an office-to-residential conversion project in Washington, D.C. The transaction represents the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history as well as D.C.’s largest office-to-residential conversion to date, according to NGC. The borrower, Philadelphia-based developer Post Brothers, also received a $110 million senior loan from investment firm Mavik, bringing total financing to $575 million. The project’s overall price tag is $750 million, according to The Wall Street Journal. Located at 1825-1875 Connecticut Ave. NW, the 604,000-square-foot office property is comprised of two nine-story towers at the confluence of D.C.’s upscale Kalorama, Dupont Circle and Adams Morgan neighborhoods. The property will be converted into a 15-story luxury apartment building with 429 market-rate units, 42 extended-stay rentals, 61 affordable housing units and 57,000 square feet of commercial space. A timeline for construction was not provided. The $465 million in C-PACE financing was administered through DC Green Bank, which serves as the administrator of the DC PACE program on behalf of the District of Columbia. The DC PACE program is a special financing option for renewable energy projects such as solar, energy efficiency upgrades …

January 7, 2026

Acquisitions New York Northeast Office

SL Green Sells Stake in Midtown Manhattan Office Building to Rockpoint

by Taylor Williams January 6, 2026

NEW YORK CITY — Local real estate giant SL Green (NYSE: SLG) has sold a 49 percent stake in 100 Park Avenue in Midtown Manhattan to Boston-based real estate private equity firm Rockpoint at a gross asset valuation of $425 million. Major tenants at the 36-story, 905,000-square-foot building include Alphasights (192,630 square feet) and Alvarez & Marsal Holdings (220,221 square feet). The building also features a recently renovated amenity center on the second floor that has a lounge, golf simulator, game room, personal training studio and conference rooms. Adam Spies and Doug Harmon of Newmark advised on the transaction.

January 6, 2026

Development Loans New York Northeast Office Top Stories

Related Cos., Oxford Properties Close $2.45B Capitalization for 70 Hudson Yards Office Tower in Manhattan

by John Nelson January 6, 2026

NEW YORK CITY — Related Cos. and Oxford Properties Group have fully capitalized 70 Hudson Yards, a 72-story office tower underway within the co-developers’ 28-acre Hudson Yards campus in Manhattan’s Midtown West neighborhood. The companies recently closed $2.45 billion in financing for the project, including a $1.6 billion construction loan from Wells Fargo, Bank of America and Standard Chartered, as well as equity from institutional investors. “Securing full equity and the largest construction loan in New York since 2020, on attractive terms, demonstrates the growing global demand from sophisticated investors and lenders of capital into first class office product like 70 Hudson Yards,” says Dean Shapiro, Oxford’s global head of development. The multi-tenant tower will span 1.4 million square feet and include the U.S. headquarters for Deloitte, one of the “big four” accounting firms that signed a lease for more than 800,000 square feet at the tower last year. The lease represents the largest tenant relocation in New York City since 2020, according to Related and Oxford. Shapiro adds that the co-developers broke ground before the lease with Deloitte was executed. Related and Oxford plan to begin vertical construction in the first half of the year. The foundations are nearing …

January 6, 2026

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