Manhattan office leasing rises 2.3% through third quarter of 2026
Vacancy fell to 12.6% and direct asking rents rose to $84.56 per square foot, JLL data cited by IREI show.
Wells Fargo and J.P. Morgan Chase lead $550 million Century City CMBS refinancing
The loan is expected to close Oct. 15 and includes a $219 million distribution to ownership.
Trepp CMBS special servicing rate hits 11.49%, highest since February 2013
Office made up 57% of the $2.65 billion in new transfers to special servicing.
Related Beal and Freeport Equity buy Boston's Motor Mart Garage from CIM
Terms were not disclosed; Related Beal says it will keep operating the 1,037-stall garage and ground-floor retail.
LADWP pension commits $250m to three real estate funds
SWBC's second multifamily fund targets $200 million, and Belay's Form D shows $340 million sold of a $750 million offering.