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Fast-Expanding Facebook to Lease 767,000-SF Bay Area Office Campus

(COSTAR) - 53 minutes ago...
 Rendering of 300 Airport Blvd. in Burlingame, California. Facebook revealed plans to lease an office campus now under construction in Burlingame, California, a move that would boost the social networking firm's occupied space in the San Francisco Bay Area to more than 7 million square feet. The agreement would mark one of the biggest U.S. office leases the company has signed, according to CoStar data. Christopher Hom, Facebook's head of real......
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Chicago's Largest Condo Deconversion Signals Post-Recession Push To Rent

(COSTAR) - 53 minutes ago...
 Condominium owners in a high-profile Chicago neighborhood voted to convert their building back to apartments, the latest move of its kind as more baby boomers and millennials choose renting over owning in the wake of the Great Recession. A second vote was the charm for ESG Kellen, the New York-based multifamily ownership group that won approval by the condominium owners of 1400 N. Lake Shore Drive in Chicago to buy out their units for an estimated......
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Nashville to Get its First Airbnb-Branded Apartments

(COSTAR) - 53 minutes ago...
 Rendering of the Olmsted apartment building at 501 S. Fifth Ave. in Nashville. Newgard Development Group, an investment, management and development firm based in Miami, purchased a 328-unit apartment building in Nashville and plans to turn it into the Tennessee city's first Airbnb-branded rental. Newgard bought the complex from Cocke Finkelstein. Olmsted sold for $90 million, or about $274,000 per unit. The 86 percent occupied building will......
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WeWork Signs Its Biggest One-Time Manhattan Office Lease This Year, Capping Push in Largest U.S. Market

(COSTAR) - 53 minutes ago...
 21 Penn Plaza.Shared office space provider WeWork signed its biggest one-time Manhattan office lease so far this year, capping a push in its hometown of New York City, the nation's largest office real estate market. In a partnership with TH Real Estate, an affiliate of TIAA’s investment management arm Nuveen, WeWork has leased 258,344 square feet at 21 Penn Plaza, which is also known as 368 Ninth Ave. That’s nearly 70 percent of the 16-story building......
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WeWork Goes After Midsized Firms in San Francisco

(COSTAR) - 53 minutes ago...
 Shared workspace provider WeWork plans to open its first HQ by WeWork platform in San Francisco at 800 Market St. Shared workspace provider WeWork is for the first time targeting midsized companies outside New York as potential clients under a new service. The fast-growing national coworking company signed a lease in San Francisco with plans to open the first location outside its hometown of New York for its new platform known as HQ by WeWork......
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Rent Growth Surging in Boston's Pricey Neighborhoods

(COSTAR) - 53 minutes ago...
 The 585-unit 345 Harrison apartment building at 345 Harrison Ave. in Boston. The narrative for the most expensive apartment neighborhoods in Boston has been flipped. Pricey areas of Boston are now experiencing some of their best rent growth in the past three or more years. For much of 2016 and 2017, a wave of luxury construction created a fierce competition for high-end renters, slowing rent growth overall, particularly at the top end of the......
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The High End: Next Act for Roseland Ballroom Site

(NY Times) - 1 days, 22 hours ago...
 Four years after the popular concert and dance hall closed, a 62-story rental tower rises in its place....
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