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June 23, 2025
San Francisco appoints new planning director as it seeks to bring back economy
San Francisco’s mayor announced the appointment of a new planning director as part of a shake-up of key positions as he tries to boost the city’s economy and add thousands of units of housing.
June 23, 2025
Radio station adds to run of leases at Chicago Board of Trade Building
Chicago’s ESPN radio affiliate is moving its studio and offices to the Chicago Board of Trade Building, adding to a run of leases in the historic structure at the southern tip of the city’s longtime financial district.
June 23, 2025
Potential office park conversion adds to apartment boom in this Silicon Valley city
Last November, voters in the tidy suburban town of San Mateo, about 20 miles south of San Francisco, passed a law that raised height and density limits in parts of the city where officials wanted to encourage more apartment buildings.
June 23, 2025
Value of highest US observatory is sky-high
What is the value of the highest observatory in the U.S.?
June 23, 2025
Former HSBC building in Manhattan nears full occupancy after Life Time deal
The former HSBC tower in Midtown Manhattan is near full occupancy after Life Time signed on to open a location in the property that recently also attracted tech giant Amazon.
June 23, 2025
Blackstone, KKR dive back into office market with Seattle-area deals
Some of the world's largest real estate firms are back in office dealmaking mode after years of sitting on the sidelines, as evidenced by a handful of recent Seattle-area acquisitions.
June 23, 2025
Office leasing edges higher with more usage
Office occupiers have been active so far in 2025, pushing leasing activity closer to its pre-2020 norm despite a near-standstill in job growth among the primary knowledge industries. A resurgence in office utilization driven by stronger attendance appears to be a big part of the reason.
June 23, 2025
Savills adds former MLB pitcher to industrial team; Colliers expands Philadelphia services; NewMark Merrill targets retail growth
Savills adds former MLB pitcher to industrial team
June 23, 2025
JBG Smith nabs discounted portfolio for first office purchase outside National Landing in over a decade
JBG Smith has acquired a discounted three-property portfolio in the Tysons area of Northern Virginia for its first office investment outside of National Landing in over a decade, with plans to convert one of the buildings for residential use.
June 23, 2025
Former CEO leaving Cushman & Wakefield in revamp of brokerage's board
Brett White, who led Cushman & Wakefield through its debut as a public company and the early challenges of COVID-19, is leaving the commercial real estate brokerage as it revamps its board of directors.
June 23, 2025
Hiring ticks up in San Diego
San Diego’s unemployment rate edged down to 4% in May, according to the latest jobs report released by the Bureau of Labor Statistics. That compares to a revised rate of 4.1% in April and to last May’s local unemployment rate of 3.6%. California’s statewide unemployment rate was 4.9% in the latest report.
June 23, 2025
Canada's largest healthcare REIT brings in new CEO after streamlining property holdings
Canada's largest healthcare real estate investment trust is bringing in a new chief executive officer to run the company with a portfolio of 169 properties after a period of strategic review.
June 23, 2025
Swiss pharmaceutical company sets up temporary Miami headquarters
Galderma, a Swiss pharmaceutical company that specializes in dermatology and skincare products, is opening a new Miami office to serve as its U.S. headquarters, in a move that’s expected to bring about 150 employees to the area by 2028.
June 23, 2025
Nashville’s office sales and pricing remain muted
As borrowing costs and vacancy levels have increased, office investment has slowed in Nashville, Tennessee. During 2021 and 2022, quarterly transaction volume averaged $334 million across an average of 84 transactions. Since the start of 2023, there has only been an average of $126 million in only 45 transactions per quarter as challenges remain, mainly in the form of high vacancies in less-desirable properties.
June 23, 2025
Suburban office REIT weighs buyout offer from major shareholder
Publicly traded office real estate investment trust Orion Properties has received an unsolicited offer from a major shareholder to take the company private.
June 23, 2025
Tysons, Virginia, office buildings trade hands in receivership sale
A Colorado-based real estate investment company acquired a pair of office buildings in a sought-after area of Northern Virginia through a $57.1 million, court-appointed receivership sale.
June 23, 2025
Brand Real Estate promotes McIntyre to senior vice president of leasing
Brand Real Estate Services has promoted longtime office landlord rep Candy McIntyre to senior vice president of leasing.
June 23, 2025
Blackstone in pole position for Paris Trocadéro building
The "Paris Trocadéro" case, which has been causing a stir in the market since the last Mipim trade fair, is in a state of flux.
June 23, 2025
List of contenders for the Paris Trocadéro business center gets tighter
From the initial 12 bidders, the list has now been whittled down to just four. At the end of a competitive first round, for which "it wasn't even worth making a bid under €650 million," according to a market player familiar with the matter. Union Investment has reduced the list of potential buyers for the Paris Trocadéro business center to four names, Business Immo has learned from corroborating sources: the Americans Blackstone, Hines and Tishman Speyer, and the Norwegian sovereign wealth fund Norges Bank Investment Management.
June 23, 2025
Recession odds edge lower; SoftBank eyes trillion-dollar AI robotics hub; Jobless claims decline
Recession odds edge lower