Banyan Street, Independencia Refi South Florida Office With $54M
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed office deal value tracked in August 2026: $17.1B across 72 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
Banyan Street Capital and Independencia Asset Management have nabbed $53.5 million to refinance an office complex in Doral, Fla. Wells Fargo provided the financing that backs the 290,000-square-foot Doral Center prope…
External link. Real Estate Trail does not republish source content.
Related coverage — Office
Recent Capital Improvements Drive Van Nuys Apartment Deal
Northmarq’s El Segundo Investment Sales team led by Brent Sprenkle, in collaboration with the firm’s Los Angeles office led by Elliot Hassan and Mike Hanassab, brokered the $5.25-million sale of Vanowen Apartments, a…
SFF Realty Partners Buys 416,000 SQFT Zoom-Anchored The Almaden in Downtown San Jose for $82MM
At a reported $197 per square foot, The Almaden traded at about 42 percent below Silicon Valley’s third-quarter average office price, and at less than half of KBS’s total basis. The sale of The Almaden, a three-buildi…
Brickell office tower listed for over $400M
KBS Trades Zoom’s Global HQ in Largest Multi-Tenant San Jose Office Sale Since Pandemic
KBS has closed the sale of The Almaden, a three-building, 416,126-square-foot Class A office campus at 55 Almaden Blvd. in downtown San Jose, anchored by Zoom’s global headquarters. The Almaden was owned by KBS…
Aspen Dental Opens New Practice in Whiteville, Adding Preventive, Restorative and Emergency Dental Care in the Columbus County Seat
The office is led by Dr. Young Chi Chang, who has owned and operated an Aspen Dental practice in Shallotte since 2021 WHITEVILLE, N.C., Oct. 8, 2026 /PRNewswire/ -- Today Aspen Dental® opened a new supported practice…
Private Equity Firm Brenton Point Inks 9K SF at Marx Realty’s 10 Grand Central
Marx Realty has signed two new office deals at its 10 Grand Central property totaling 14,000 square feet, the company announced Thursday. In the largest deal, private equity firm Brenton Point Capital Partners will re…