Office

The Best Bid For Empty Office Came From Retail

Burlington paid for a building that is 4% leased.

Four Known Bases, Three Hundred Forty-Two Points Apart

The same week priced one asset at -62% and another at +280%.

The Court Set the Price Because Nobody Else Would

Philadelphia's largest office complex cleared at $39.77 a foot — and both bidders tried to leave.

The Office Bid Comes Back, Priced on Rent, Not Ruin

Two office towers just traded on the same thesis: buy the leases, roll them to market, not buy the discount.

The Office Glut Is Becoming the Housing Pipeline

Conversions hit a record 90,300 units as Chicago breaks ground on another.

The Capital Market Did Not Freeze. It Sorted.

A $1.63B apartment trade, a 74%-levered warehouse deal, and a record office delinquency all printed in 48 hours. That is the sort.

The Office Denominator Is Shrinking

America is converting office to apartments at a record pace, and quietly repricing the stock.

The Tenant Became the Buyer

Houstons biggest office trade in six years was really a repricing.

The Year Office Became Housing

Adaptive reuse crossed 90,000 units in the pipeline; conversions are now supply infrastructure.

The Recovery Nobody Built For

Office, industrial, and retail are all recovering into the emptiest pipelines in a decade — and paying up to finance it.

Wall Street Builds Its Next Tower in Dallas, Not New York

Morgan Stanley weighs a $1.3B Uptown skyscraper — a mile from Goldman's campus.

🟡NYC Office Conversions Hit 17-Year High

As Landlords Pivot to Housing

🟡Fed’s First 2025 Rate Cut Offers Partial Relief for CRE

The Federal Reserve delivered a long‐awaited 25‐basis‐point rate cut in mid‐September, lowering the Fed funds range to roughly 4.0–4.25