#commercial-property

[ follow ]
real-estate
New York Post
1 month ago
NYC real estate

Park Avenue landlords boast new leases after glowing Sixth Ave. report

Park Avenue's 277 Park Ave. is 98% leased with major lease deals by companies like Sumitomo Corporation and Arsenal Capital Management.
Major upgrades at 277 Park Ave. contributed to high tenant demand with rents ranging from $100-$120 per square foot. [ more ]
therealdeal.com
1 month ago
LA real estate

Biotech Billionaire Buys El Segundo Office Building for $25M

NantWorks purchased an office building in El Segundo for $25 million, continuing to expand its real estate portfolio.
Commercial real estate market in Los Angeles is experiencing a shift from institutional to private wealth buyers due to remote work and decreased capital for office investments. [ more ]
New York Post
2 months ago
NYC real estate

Boston Properties wrapping up $100M revamp of 360 Park Avenue South featuring new roof deck, amenities center

CPPIB sold its 29% stake in 360 Park Avenue South to Boston Properties for $1, relieving the latter of a significant financial commitment.
The sale does not reflect the building's value but CPPIB's strategy to reduce office exposure amid market challenges. [ more ]
therealdeal.com
2 months ago
LA real estate

New American Funding Owners Buy Santa Ana Offices for $31M

New American Funding bought a 208,300-square-foot office tower for $31 million, $23 million less than five years ago.
The company will move its headquarters to the seventh and eighth floors of the building in Santa Ana. [ more ]
Brooklyn Paper
3 months ago
Brooklyn

Quirky Williamsburg corner lot, once a gas station, poised for $3.5M development * Brooklyn Paper

A corner lot in Williamsburg that currently serves as a seasonal nursery and public plaza is being developed for a potential store.
Conceptual renderings show different design options for the building, including a net-like structure and a copper-colored metal, wood, and glass building. [ more ]
morereal-estate
www.mercurynews.com
1 month ago
East Bay (California)

Mountain View tech buildings are foreclosed as real estate woes widen

Silicon Valley office buildings seized by lender due to commercial property woes
Foreclosure impacts real estate investors in the Bay Area [ more ]
www.mercurynews.com
2 months ago
East Bay (California)

Erin Toeniskoetter takes key post at family's development company

Erin Toeniskoetter has been appointed as president of Toeniskoetter Development Co.
Toeniskoetter Development is shifting its focus towards providing real estate services for existing buildings and sites. [ more ]
www.mercurynews.com
2 months ago
East Bay (California)

East Bay buildings flop into default as Bay Area office woes persist

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. [ more ]
www.mercurynews.com
4 months ago
East Bay (California)

High-profile Walnut Creek restaurant and retail center is bought for $40 million-plus

Olympia Place, a restaurant, movie, and retail complex in downtown Walnut Creek, has been bought for $44.5 million by a California-based investment group.
The buying price is about 13.6% below the property's assessed value, suggesting wobbly commercial property values in the area. [ more ]
therealdeal.com
3 months ago
LA real estate

Onni Group Sues SoulCycle Over $1.2M in Back Rent

SoulCycle is being sued by its landlord, Onni Group, for allegedly failing to pay $1.2 million in back rent for an abandoned location in Downtown L.A.
Onni claims that SoulCycle left the location in March 2020 despite having a lease through October 2031. [ more ]
NZ Herald
4 months ago
Podcast

Cooking the Books: Why investing in commercial property is both easier and harder than ever before

Investing in commercial property can be a viable option for everyday investors when done through a fund.
The work-from-home revolution, rising insurance costs, and high interest rates have impacted the profitability of commercial property investments. [ more ]
[ Load more ]