Browsing: Commercial

Mid‑2025 data show cautious optimism in the U.S. commercial real estate market as sectors resilient through recent challenges begin to rebound, led by industrial warehouses, multifamily housing, and data centers. Office properties, however, continue to face headwinds, prompting a wave of adaptive reuse projects. Industrial real estate remains a strong performer, buoyed by steady demand...

Saudi Arabia’s Public Investment Fund (PIF) has acquired a two-thirds stake in a prime Manhattan development site, marking a significant move into the U.S. commercial real estate market. The site, located at 625 Madison Avenue, is earmarked for a 1,200-foot skyscraper near Central Park. Partnering with New York-based developer Related Companies, the project’s total investment...

In a strategic move blending industrial expansion with urban redevelopment, General Dynamics Electric Boat has acquired the former Macy’s department store at Crystal Mall in Waterford, Connecticut. The 121,000-square-foot facility, situated on a 7.4-acre parcel, is set to be transformed into a state-of-the-art engineering, training, and laboratory complex, accommodating approximately 700 employees by March 2027...

As the U.S. real estate sector experiences a surge in development projects and housing demand, firms are increasingly outsourcing payroll services to manage expanding workforces and navigate complex regulatory landscapes. This strategic shift aims to enhance operational efficiency, ensure compliance, and reduce administrative burdens. Commercial property groups and residential developers are expanding their teams to...

Kolkata’s commercial real estate sector experienced a significant upswing in the second quarter of 2025, with office space absorption doubling to 600,000 square feet from 300,000 square feet in the previous quarter. This marks a 40% year-on-year increase, signaling robust growth in the city’s office market. Commercial Real Estate Sees Robust Growth The surge in...

Despite ongoing macroeconomic and geopolitical headwinds, commercial real estate (CRE) leaders are expressing cautious optimism for the second half of 2025, according to DLA Piper’s recently released 2025 Real Estate State of the Market Survey. While external factors such as rising interest rates and trade tensions have tempered enthusiasm, the survey highlights resilience in key...

New York City, June 27, 2025 — The United Nations has finalized a significant lease renewal and expansion at 2 United Nations Plaza in Midtown Manhattan, securing 425,190 square feet across 26 stories. This move consolidates the organization’s previously dispersed operations into a unified headquarters, reaffirming its commitment to New York City as its central...

Capitol Broadcasting Company (CBC), renowned for its transformative developments like Durham’s American Tobacco Campus, is extending its real estate footprint into Holly Springs, North Carolina. The company’s real estate division has announced plans for “Overlook on Main,” a mixed-use development aimed at bolstering the town’s infrastructure and economic growth. Approved by the Holly Springs Town...

A significant shift is underway in New York City’s real estate market as a wave of office-to-apartment conversions transforms the urban landscape. This trend, driven by changing work patterns and a pressing need for housing, is leading to a substantial reduction in office space and the creation of thousands of new residential units. According to...

Amazon has unveiled a major $54.5 billion investment in its U.K. operations, signaling a significant expansion and long-term commitment to the country’s economy. The move, announced on June 24, 2025, will span the next three years and is designed to enhance the company’s operational capabilities through the construction of new facilities and the integration of...