#commercial-property

#commercial-property

Savills predicts a robust commercial property market driven by financing and sustainability trends, despite ongoing challenges.

Demand for sustainable office spaces is driving leasing activities in London, with a focus on staff returning to in-person work.

Waterbridge Capital sold Union Bank Plaza for $80 million, marking a significant price reset in Downtown Los Angeles's office market.

The Metreon mall is for sale, boasting a strong occupancy rate and financial stability amidst broader challenges in San Francisco's retail market.

5 Penn Plaza has undergone major renovations, adding modern amenities and securing over 70,000 square feet in new leases.

The building is now around 85% leased with new tenants including a health app and an environmental consultancy.

Mayor Wu aims to reduce rising residential taxes by increasing commercial property tax rates.

Mayor Michelle Wu proposed to increase commercial property tax temporarily to assist residential property owners, facing opposition from the business community, pending state lawmakers' approval.

Silicon Valley office buildings seized by lender due to commercial property woes

Foreclosure impacts real estate investors in the Bay Area

Two East Bay office buildings in Berkeley and Oakland are facing foreclosure due to loan defaults, signaling weakness in the commercial property sector in the Bay Area.

Constitution Square in Berkeley and a downtown Oakland office tower have defaulted on loans of $11.8 million and $10 million respectively.