Officials rescind construction extension for West Palm Beach office tower - South Florida Business Journal
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: $6.2B across 33 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
External link. Real Estate Trail does not republish source content.
Related coverage — Office
VNS Health Renews 8K-SF Lease at the Bronx’s Hutchinson Metro Center
VNS Health , formerly known as the Visiting Nurse Service of New York, has renewed its 8,000-square-foot lease for its regional office at 1200 Waters Place in the Morris Park neighborhood of the Bronx, property owner…
Cresta Launches in Japan as Momentum in Asia Accelerates
Cresta opens its Tokyo office, names Jim Tamura Country Manager, and announces work with Shop Japan, BELLSYSTEM24, and Kotoba Technologies. SUNNYVALE, Calif., Nov. 11, 2026 /PRNewswire/ -- Cresta, the AI operating sys…
JBG SMITH Sells Majority Stake in Ballston Office Tower
JBG SMITH has sold a majority stake in a Ballston office tower it developed more than a decade ago. The Bethesda-based real estate investment trust sold a 90% interest in the 306,200-square-foot office tower at 800…
RFR Seals $101M Refi on Downtown Miami Office Building
RFR has sealed a $101 million loan to refinance a repositioned Downtown Miami office building it acquired nearly five years ago, Commercial Observer can first report. Derby Lane Partners and Axonic Capital provided th…
News | Japan's Obayashi gets going on £500 million London office tower
Cushman & Wakefield Brokers Sale of 41-Story Office Tower in Chicago
CHICAGO — Cushman & Wakefield has brokered the sale of 121 W. Wacker, a 41-story office tower overlooking the Chicago River. The buyers, Chicago-based investors Ken Buckman and Robert Castillo, intend to invest substa…