Commercial

Therese Fitzgerald Last weekend, Warren Buffett announced he is stepping aside as CEO of Berkshire Hathaway. Vice Chair Greg Abel will replace him, while Buffett will remain as chairman of the board. The legendary investor has never been a big…

Federal Reserve chair Jerome Powell discusses the central bank’s latest decision on interest rates at a May 7 press briefing, Screenshot by Greg Isaacson for CPE The Federal Reserve has decided to maintain its key federal funds rate unchanged at…

Palmetto Central comprises two renovated buildings rising four and five stories. Image courtesy of Grover Corlew Grover Corlew has obtained $47.5 million for the refinancing of Palmetto Central, a two-building, 170,000-square-foot office campus in Boca Raton, Fla. City National Bank…

Howard Hughes purchased 9950 Woodloch Forest Drive, a Class A office building in The Woodlands, Texas, in 2019 and subsequently relocated its headquarters there. Image courtesy of CommercialEdge It likely escaped the attention of none of our readers that Monday’s…

Exterior photo of echo, a mixed-use office building in West Palm Beach, Fla. Photo courtesy of JLL. Morning Calm Management has sold echo, a mixed-use property in West Palm Beach, Fla., to an undisclosed buyer for $45.7 million. JLL Capital…

Completed in 2006, the three-building Arboretum at Cox Road is less than 20 miles from downtown Charlotte, N.C. Image courtesy of Alta Peak Capital A joint venture between Alta Peak Capital and Centerlane Capital has acquired Arboretum at Cox Road,…

Santa Clara Commerce Park encompasses 10 low-rise buildings. Image courtesy of CommercialEdge NVIDIA expanded its presence in Silicon Valley with the $123 million acquisition of Santa Clara Commerce Park, a 251,000-square-foot flex office campus adjacent to the company’s headquarters, according…

Private wealth has become a remarkable source of capital on the global commercial real estate scene, with more than $600 billion put into U.S. assets through direct deals from 2013 to 2024, according to a new report from JLL. That…

RFR acquired 522 Fifth Ave. in 2020, for $350 million. Image courtesy of CommercialEdge Amazon has bought a struggling Midtown Manhattan office property from RFR Realty. The purchase price for the 23-story, 595,430-square-foot building at 522 Fifth Ave. has not…

Rendering of Industrious Lever House coworking space, which will be adjacent to CBRE’s new offices in New York City. Image provided by Moxie Communications Group The term “coworking” may suggest images of scattered freelancers and wide-eyed startups looking for a…