Duke Buys Discounted Durham Office Building
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 November 2026: $2.9B across 8 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
DUMAC , the investment division at Duke University, purchased Erwin Square Plaza for $30 million. The seller, Lionstone Investments, paid $57 million for the property in 2015, the last time it sold. It was built in 19…
External link. Real Estate Trail does not republish source content.
Related coverage — Office
City of Coral Gables Acquires Downtown Medical Office Building from ShareMD for $24M
CORAL GABLES, FLA. — The City of Coral Gables has purchased a medical office building located at 475–495 Biltmore Way in the city’s downtown district for $24 million. ShareMD sold the 53,029-square-foot property, whic…
Lincoln JV Snaps Up 1.1 MSF Dallas Office Campus
CBRE Arranges $8M Sale of Flex Industrial Property in Southwest Ohio
WEST CHESTER, OHIO — CBRE has arranged the $8 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property in West Chester. Boulder Properties LLC purchased the asset from Wang Brothers Investmen…
Robinsons Land starts Bridgetowne office tower project to expand Manila corridor portfolio
RLC breaks ground on 29-story Bridgetowne office tower
$61.5MM Secured for LBA Realty’s Pinterest-Leased 125,000 SQFT Sunnyvale Office Building
Mesa West Capital has extended $61.5 million in short-term first mortgage debt against 285 Sobrante Way in Sunnyvale, recapitalizing a LEED Gold office building that LBA Realty bought out of receivership for $42.3 mil…