Lance Cornell, P.A.

@realtybylance.bsky.social

1 week ago

Big Office Capital.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
The developers behind Miami’s newest downtown office tower have refinanced the 57-story building with a $630 million loan.
www.costar.com/article/6985...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 week ago

Bridge Industrial Converts Old Miami Offices Into Warehouses - Doral Today Bridge Industrial, an Illinois-based developer, has secured a $56.7 million construction loan to convert an old office property in Doral, Florida into a new two-warehouse logistics center. The project...

Office-to-Resi
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
This is Bridge Industrial's second office-to-industrial conversion project in Miami-Dade, after redeveloping a former Ryder Systems headquarters into a 326k sqft complex.

nationaltoday.com/us/fl/doral/...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 week ago

Why Troubled Office Loans Are Getting Three-Year Extensions Loan modifications are increasingly built around one simple idea: buy enough time to get through the lease roll.

Survive till 29'.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Special servicers and lenders have been quietly converging on one solution for maturing office loans with no obvious takeout: a roughly three-year extension.
www.globest.com/2026/03/09/w...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 week ago

Office Sector Outlook Remains Mixed for 2026 Office recovery in 2026 remains uneven, with gains in Class A assets, rising conversions, and persistent challenges for non-prime space.

Office Market.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Recovery in the office sector remains regional, with markets like New York outperforming slower-recovering West Coast cities.
www.credaily.com/briefs/offic...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 month ago

Torose and Sabal Sell Office in Miami’s Coconut Grove for $61M Azora Private purchased the seven-story, fully-leased property.

Miami Office Deal.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Torose Equities and Sabal Investment Holdings flipped a formerly distressed office building in Coconut Grove for a $28 million gain. 

commercialobserver.com/2026/02/toro...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 month ago

Prime Offices Drive CRE Price Growth Annual gains highlight flight to quality, with top markets and larger properties outperforming secondary ones.

Class A Offices.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Value-weighted office property prices, which are more heavily influenced by higher-priced deals in major markets, rose 3.8% in the 12 months ended December.
www.globest.com/2026/02/03/p...
~

Lance Cornell, P.A.

@realtybylance.bsky.social

1 month ago

Downtown and Class A Offices Dominate 2025's Largest Leases Major tenants expanded footprints and relocated to higher-quality space, especially in Manhattan and Silicon Valley.

Office Outlook.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Downtown locations and high-quality offices accounted for 59% of the total square footage among the 100 largest office leases signed in 2025, representing 54 of those deals.
www.globest.com/2026/02/02/d...

Lance Cornell, P.A.

@realtybylance.bsky.social

4 months ago

Pennsylvania Developer Lands $62M for SFL Office-to-Resi Conversion South Florida has seen few office-to-apartment conversions since the pandemic.

Miami Off-to-Multi.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Office-to-apartment conversions are making their way to Miami, with Keystone Property landing a $62 million loan to launch a redevelopment project in Dadeland, Fla.

commercialobserver.com/2025/10/keys...

Lance Cornell, P.A.

@realtybylance.bsky.social

5 months ago

Office Operators Weigh Consolidation, ROI and Engagement These are all taken into account in making decisions on space occupancy, with some help from AI.

Weigh In.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Commercial office operators are weighing in on how to engage in today's climate, from restructuring their footprint to requiring employees to return to in-person work.

www.globest.com/2025/10/22/o...

Lance Cornell, P.A.

@realtybylance.bsky.social

5 months ago

Smaller Office Markets Emerge as Bright Spots in a Sluggish Year Cities leading a quiet recovery are being driven by steady absorption and limited new supply.

Tertiary markets.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
A quiet recovery is taking root in America’s office market, and some of the most promising momentum is occurring far from the country’s biggest skylines.

www.globest.com/2025/10/24/s...

Lance Cornell, P.A.

@realtybylance.bsky.social

5 months ago

Office Market Enters New Cycle as Vacancy Declines for First Time Since 2019 Steady demand, limited new construction, and record conversions are driving tighter conditions.

Office Outlook.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
National office vacancy fell 5bps to 22.5% at the end of the Q3. With minimal new development and corporate footprints beginning to expand.

www.globest.com/2025/10/22/o...

Lance Cornell, P.A.

@realtybylance.bsky.social

6 months ago

Office Sales Trends Break After Two Decades as Pandemic and Monetary Policy Drive New Dynamics Post-Covid volumes stopped following long-established trends.

Office Trends.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
An analysis says the pandemic sharply changed long-lasting office sales trends. What had been a pattern for more than two decades disappeared, and a new dynamic emerged.
www.globest.com/2025/04/22/o...

Lance Cornell, P.A.

@realtybylance.bsky.social

6 months ago

Lincoln Property Targets Quality Office Buildings Just Below ‘Top-Tier’ In the past two years, it has closed on 13 office transactions.

Bought 13 in 2 years.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Lincoln Property Company has been an active investor in the California office market, closing 13 office transactions in the past two years, spanning 2.9M sq ft.

www.globest.com/2025/09/10/l...

Lance Cornell, P.A.

@realtybylance.bsky.social

6 months ago

Lifestyle Districts See Office Rents and Sales Outpace Traditional Markets These urban edge submarkets are leading the way as investor and tenant demand shifts.

Lifestyle Office.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Across the United States, a new kind of office district is emerging as the preferred destination for both tenants and institutional investors —Lifestyle office markets.

www.globest.com/2025/09/04/l...

Lance Cornell, P.A.

@realtybylance.bsky.social

6 months ago

Peaking Loan Maturities Push Office Sale Prices Down What is the office real estate outlook for the largest office markets in the U.S. in August? Read the highlights and deep dives in our full monthly U.S. office markets report.

Office Market.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Demand for office space remains relatively weak, interest rates remain high, and loan maturities are peaking. In this context, loan extensions are likely to diminish.
www.commercialcafe.com/blog/nationa...

Lance Cornell, P.A.

@realtybylance.bsky.social

8 months ago

When cash is king: Inside Spanish billionaire Amancio Ortega’s South Florida investments Billionaire Zara founder Amancio Ortega is deploying $440 million into South Florida properties, as part of a global shopping spree.

Brickell Ave Office.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
The 30-story office building is located at 1111 Brickell Ave. Ortega’s company, is negotiating to buy from KKR and Parkway for about $275M, or $525 PSF.
therealdeal.com/miami/2025/0...

Lance Cornell, P.A.

@realtybylance.bsky.social

8 months ago

Amazon Expands Lease at Wynwood Plaza Mixed-Use Office Development The firm is now under contract for 75,000 square feet of space.

Wynwood Amazon.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
The firm is now under contract for more than 75,000 square feet at the Wynwood Plaza mixed-use development, up by about 25,000 square feet of space it originally agreed to.

www.globest.com/2025/07/10/a...

Lance Cornell, P.A.

@realtybylance.bsky.social

8 months ago

Tenant Demand Grows Despite Muted Office Leasing in Major Markets New York and Sunbelt markets lead in Q2 office demand.

Office Market.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Office demand has been a mixed bag — but steady. During the second quarter, leasing volume declined by 2.2% to 49.2M square feet, while active space requirements grew by 5.8%
www.globest.com/2025/07/18/t...

Lance Cornell, P.A.

@realtybylance.bsky.social

8 months ago

Sluggish Job Growth & Loan Maturities Compound Office Sector Struggles Office vacancy rates remain high as the national supply pipeline hits a new low and the office sector braces for $290 billion in loans hitting maturity.

Office Market.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Yardi states about 14k properties are encumbered by loans that have recently matured. That equates to 33% of all office loans and adds up to nearly $290B.

www.commercialcafe.com/blog/nationa...

Lance Cornell, P.A.

@realtybylance.bsky.social

10 months ago

Insurance office.
#OfficeCRE
#CommercialInsurance #CommercialCapital #CommercialRealEstate
An office property off Interstate 459 traded between sister companies.
#BringToMarket #SellingAndSourcing
#Q2 #2025 #ItsTimeToMarket

www.bizjournals.com/birmingham/n...

Lance Cornell, P.A.

@realtybylance.bsky.social

10 months ago

Investors Who Shunned the U.S. Office Market Are Coming Back Landlords note a pickup in leasing activity as more businesses require workers to return to offices.

Office opps.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Investors who shunned the beleaguered U.S. office market in recent years are coming back, brightening the outlook for the sector after five years of turmoil.

www.wsj.com/real-estate/...

Lance Cornell, P.A.

@realtybylance.bsky.social

10 months ago

Chicago Firm Grabs A Piece Of West Palm's Office Market Bradford Allen Investment Advisors purchased a nearly 40-year-old building in West Palm Beach with renovation plans.

From CHI-WPB.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
The Chicago-based firm acquired the One Clearlake Centre office tower from Rockpoint Group for $45M, according to property records provided by Vizzda.
www.bisnow.com/south-florid...

Lance Cornell, P.A.

@realtybylance.bsky.social

10 months ago

JLL Sees Office Leasing Surge as Market Recovery Gains Momentum Leasing revenue jumped 13% year-over-year, and capital markets services were up 15%.

Office Up.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Q1 earnings show a revival in the office real estate sector. The company reported a 13% increase in leasing activity overall, driven primarily by robust growth in office leasing
www.globest.com/2025/05/09/j...

Lance Cornell, P.A.

@realtybylance.bsky.social

11 months ago

Insurance Costs Double for Some CRE Owners The climb of premiums has become a real burden.

Office Insurance.
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Multifamily from 7% in 2018 to 14% in 2023 and retail 8% to 12% saw the worst impact. Hotel and office from 5% to 10% came close behind and industrial 5% to 7%
www.globest.com/2025/02/20/i...

Lance Cornell, P.A.

@realtybylance.bsky.social

11 months ago

How Leading Office Submarkets Excel Through Three Development Phases Newmark looks at what sets these submarkets apart at each stage of growth.

Office Dev.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
The interesting approach here is to look at submarkets, breaking them down into three life cycle blocks.
Up-and-Coming.
Emerging-Maturing.
Mature and Established.

www.globest.com/2025/03/31/h...

Lance Cornell, P.A.

@realtybylance.bsky.social

11 months ago

Hudson Pacific Secures $475M CMBS for California Office Portfolio Already, it has paid back one of the property's $168 million loan.

$475M in SoCal.
#OfficeCRE
#CommercialRealEstate #CommercialCapital #CommercialInsurance
Hudson Pacific has secured $475M in commercial mortgage-backed securities (CMBS) financing for an office portfolio mostly concentrated in California.
#BringToMarket #Q2 #2025

www.globest.com/2025/04/02/h...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Mangrove Property gets approval to begin writing home insurance in Florida Find out what the latest property insurance provider has to offer

New insurer.
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies.
#BringToMarket www.insurancebusinessmag.com/us/news/prop...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

$100 SqFt
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
“Class A Brickell rates rise, increasing by 5.7% y-o-y to $101.76 psf,” the Q4 office report from CBRE. Colliers’ put those Class A asking rates at $95.20
#BringToMarket

www.miamitodaynews.com/breaking/top...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Up 20%.
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Office building sales volume increased to $63.6 billion last year, according to MSCI data. That’s a 20% increase from 2023.
#BringToMarket #SellingAndSourcing
#Q1 #2025 #ItsTimeToMarket

www.globest.com/2025/01/29/o...

Lance Cornell, P.A.

@realtybylance.bsky.social

1 year ago

Increasing Downtown Activity Points to Market Revival But could take 18 years for office to transition into a new post-pandemic normal.

The revival
#OfficeCRE
#CommercialInsurance #CommercialDebt #CommercialRealEstate
Since 2021 1.1M applications have been filed and 160k businesses have been created in food service and accommodations a large percentage are in downtowns
#BringToMarket #ItsTimeToMarket
www.globest.com/2025/01/22/i...