Commercial

Rendering of 33 Commerce Center, taking shape on an 18-acre lot in Marysville, Ohio. Image courtesy of The Opus Group The Opus Group has started construction on 33 Commerce Center, a 250,829-square-foot speculative industrial project in Marysville, Ohio. Completion is…

Workbox-Dupont Circle will occupy Suite 200 at the property. Image courtesy of Workbox Workbox is entering the Washington, D.C., market with a 29,000-square-foot coworking space at 1333 New Hampshire Ave. NW in Dupont Circle. The new location is scheduled to…

Prudential Tower, the second-tallest Boston office building, debuted in 1965. Image courtesy of CommercialEdge BXP has inked a 413,000-square-foot office lease renewal with Ropes & Gray at the Prudential Tower, a 1.2 million-square-foot building in Boston. The law firm will…

The office sector’s transformation continued in 2024, shaped by pandemic-related shifts that have led to lower sale prices, less new development and a rise in coworking space, the latest CommercialEdge report shows. Although companies like Amazon and Meta pushed for…

The industrial sector in Dallas saw a considerable increase in investment volume during the first 10 months of this year, taking the lead nationally, CommercialEdge data shows. Going against the current, the metro registered a $1.1 billion growth compared to…

Stiles and FCA Partners have acquired Shoppes of Wilton Manors, a 77,746-square-foot neighborhood retail center in Wilton Manors, Fla., part of Greater Fort Lauderdale, for $27.6 million. The seller was Grass River Property, a South Florida investor, which acquired the…

Rendering of NuScale’s VOYGR small modular reactor facility. Image courtesy of NuScale In 2023, data centers across the globe consumed 7.4 gigawatts of power, a 55 percent increase over 2022 usage, reported Cushman & Wakefield. And by 2026, AI electricity consumption could…

Fed Chair Jerome Powell speaks at the Dec. 18 Press Conference. Screenshot by Gabriel Frank At final meeting of the year, the Federal Reserve Open Markets Committee slashed interest rates by another 25 basis points on Wednesday, a move identical…

The 60,000-square-foot Broadway Medical Plaza is the redevelopment of an assembly hall. Image courtesy of Meridian Meridian has signed a 23,000-square-foot lease at Broadway Medical Plaza, an approximately 60,000-square-foot recently converted medical office building in Oakland, Calif. Center for Elders’…

AI has a lot of uses. As it gets more sophisticated, it has permeated many areas of the industry. However, AI of course should not replace the human touch. For commercial real estate professionals, what should you use AI for,…