National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

National  + Office  | 
Commercial Cafe's Top 50 Pricey Office Deals of 2021

Commercial Cafe’s Top 50 Pricey Office Deals of 2021

Last year’s priciest real estate office transaction was the $3.4 billion sale of University Park at MIT in Cambridge, MA – a massive 11-building deal totaling 2.3 million-sf. This transaction broke the previous record held by the 2008 sale of the General Motors Building for $2.8 billion.

Overall, the office space has been hit hard by the COVID-19 pandemic. There is considerable uncertainty surrounding the question of whether or not people will return to the office in the same ways as before the epidemic. Many are deciding on a hybrid solution of office and remote.

Some companies are cutting back on the amount of space they occupy. A good example of this is Motorola, which put its space in Chicago’s Loop downtown on the market for sublease and is moving into a different space in Chicago’s West Loop. 

Click here for link to the full list.

Connect

Inside The Story

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

  • ◦Sale/Acquisition
Money360-14-cube
Wonderful-04-cube
New call-to-action
Hines-01-cube