Newmark Negotiates 157,642 SF Office Lease for AT&T in Southfield, Michigan
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
- One of 38 office stories tracked on the wire in October 2026. All Office coverage →
- 93 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
SOUTHFIELD, MICH. — Newmark has negotiated a 157,642-square-foot office lease for AT&T at Travelers Tower II, a 13-story office building in Southfield. Daniel Canvasser and J.P. Champine of Newmark represented the lan…
External link. Real Estate Trail does not republish source content.
Related coverage — Office
Chicago’s Office Pipeline Shrinks, Sales Hold Up
Rithm Capital forms joint venture with DRA for NYC office tower
Savills: San Francisco Office Leasing Jumps 77% as Availability Falls to 27%
San Francisco tenants signed 3.9 million square feet of office leases in the third quarter of 2026, pushing year-to-date volume to 12.1 million square feet and availability down 640 basis points from a year earlier as…
Office leasing at record 66.4 mn sq ft in Jan-Sep across top 9 cities, driven by GCCs: CBRE
RFR taps Mesirow for CMBS refi of Midtown Manhattan office tower
Buckingham, Doolittle & Burroughs, LLC Celebrates Grand Opening of New Downtown Akron Office with Ribbon-Cutting Ceremony
AKRON, Ohio, Oct. 2, 2026 /PRNewswire/ -- Buckingham, Doolittle & Burroughs, LLC celebrated the opening of its new downtown Akron office on September 30 with a ribbon-cutting ceremony attended by firm leaders, public…