Development

CIM Group — a real estate lender, developer and operator — has foreclosed on an Arch Companies-owned boutique office space in Manhattan. This action follows months of turmoil for Arch, including internal disputes and financial difficulties. The foreclosure stems from…

Investment management firm Nuveen Real Estate recently disposed of its iconic high-rise property at 701 Brickell Ave. in Miami. The tower changed hands in a transaction that reportedly marked the second-largest sale in the history of the state. The all-cash…

As work environments shift in the post-pandemic era, many households are navigating a balance between remote and in-office work. While some professionals are returning to the office full-time, others continue to opt for hybrid or fully remote arrangements. This evolving…

Boston-based real estate private equity firm Rockpoint recently announced that it had sold its stake in an industrial property located in the south San Diego exclave of Otay Mesa, Calif. The buyer was full-service real estate development company Badiee Development,…

Alternative investment firm Blue Owl Capital has significantly expanded its footprint at RFR Holding’s iconic Seagram Building. The firm renewed its existing lease for 168,597 square feet on floors two through six and added an additional 70,076 square feet on…

A joint venture between Butters Construction & Management and Greystar has sold the 23.1-acre Miami Midway Park to Denver-based Ares Industrial Management for $147 million. This represents a price of $291 per square foot and is the largest industrial purchase…

Chicago-based flexible office start-up Workbox recently announced that it would be moving. The company will be changing its corporate headquarters to 220 N. Green St. in the Fulton Market district of Chicago. Earlier this year, Workbox signed a long-term lease…

The development partnership of J. Small Investments, Montgomery Street Partners, and an affiliate of Lyda Hill Philanthropies recently announced the opening of a long-awaited laboratory space at Pegasus Park — the life sciences- and biotech-focused redevelopment of the former Mobil…

As the workforce distribution has become more hybrid than remote since 2021, commuting has also changed into a different normal. While more people are commuting from further away and the share of super-commutes has increased in some places, there are…

Clarion Partners has secured a $94 million loan to refinance Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston. The five-year loan, valued…