U.S. office sector sees first quarter of positive absorption since 2021
The U.S. office sector passed a key milestone in the fourth quarter of last year, registering its first quarter of positive net absorption since 2021.
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Sterling Bay to serve as leasing, management partner at Chicago’s 123 N. Wacker
Sterling Bay has been brought on as a leasing and management partner to operate 123 N. Wacker, a Class-A office and retail building at the…
Northwind Group provides $62.5 million in financing for 303 East Wacker Drive in Chicago
Northwind Group provided a $62.5 million first mortgage, senior secured acquisition and lease-up loan collateralized by 303 East Wacker Drive, a 30-story Class-A office property…
JLL Capital Markets sells 207,029-square-foot office property in Houston market
JLL Capital Markets brokered the sale of Legacy at Fallbrook, a Class-A, 207,029-square-foot office property in the northwest Houston submarket. JLL represented the confidential seller, in…
Lee & Associates closes 29,308-square-foot office lease in Houston submarket
Lee & Associates - Houston closed the renewal and expansion of a 29,308-square-foot lease for the headquarters of Gate Holdings at Republic Square office building…
Transwestern Real Estate services negotiates 15,452-square-foot office lease in Schaumburg
Transwestern Real Estate Services represented building ownership in a lease with RTM Engineering Consultants totaling 15,452 square feet at 1933 N. Meacham Road in Schaumburg,…
Available sublease space keeps falling in Chicago CBD
Available sublease space in the Chicago Central Business District office market has fallen throughout 2024. And this trend is expected to continue in the coming…
Urban Innovations negotiates more than 100,000 square feet of office transactions in Chicago’s River North neighborhood
Urban Innovations signed more than 30 new leases, renewals and expansions in the Chicago area within the past six months, totaling more than 100,000 square…
Marcus & Millichap facilitates 68,839-square-foot office property sale in Auburn Hills
Marcus & Millichap negotiated the sale of 255 Rex Blvd., a 68,839-square-foot office property leased to Teijin Automotive in Auburn Hills, Michigan. The property sold…
The office construction pipeline? It remains clogged
It's not a surprise, but developers have significantly reduced the amount of office space they are building this year.