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GSA Identifies 440 Federal Buildings as ‘Non-Core Assets’

GSA Identifies 440 Federal Buildings as ‘Non-Core Assets’

by Phil Hall | Mar 5, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The General Services Administration (GSA) reported that its Public Buildings Service identified over 440 “non-core assets” owned and maintained by the federal government. In a statement, the GSA said the 440 properties encompass nearly 80 million rentable square feet...
Highwoods Properties Acquires Raleigh’s Advance Auto Parts Tower

Highwoods Properties Acquires Raleigh’s Advance Auto Parts Tower

by Phil Hall | Mar 3, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The real estate investment trust Highwoods Properties Inc. (NYSE: HIW) has acquired Advance Auto Parts Tower, a 20-story, Class AA office tower located in the North Hills Best Business District of Raleigh, North Carolina. The 346,000-square-foot, LEED-gold certified...
Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office

Survey: 70% of Remote/Hybrid Workers Would Rather Get New Job Than Return to Office

by Phil Hall | Feb 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Here’s some potentially bad news for the office property sector: a new survey from FTI Consulting Inc. (NYSE: FCN) found most US workers (70%) who are currently either fully remote or in a hybrid arrangement said they are very likely or somewhat likely to seek another...
Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

Crypto-Only Buyer Sought for $28 Million Manhattan Office Property

by Phil Hall | Feb 14, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A Manhattan office building has been listed for $28 million, but there’s a catch – the property owner will only sell it to a buyer who pays in cryptocurrency. Bisnow.com reports Okada & Co. acquired 111 West 24th Street in 2021 for $16 million. The following year,...
New Jersey Medical/Office Property Sells for $22 Million

New Jersey Medical/Office Property Sells for $22 Million

by Phil Hall | Feb 11, 2025 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

A 151,339-square-foot medical/office building in Fairlawn, New Jersey, has sold for $22 million. Located along Route 208, the three-story property was built in 1986 and is anchored by Summit Health, which consolidated five area sites and practices at this location....
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