OUE REIT to acquire $570m stake in Sydney office tower
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 October 2026: $6B across 25 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
Walker & Dunlop Arranges $216M Loan for Refinancing of Manhattan Office, Retail Building
NEW YORK CITY — Walker & Dunlop has arranged a $216 million bridge loan for the refinancing of 568 Broadway, a 390,745-square-foot office and retail building in Manhattan’s SoHo neighborhood. The 12-story building’s r…
Netflix Studios Extends Nearly 10K-SF Lease at 817 Broadway
A major streaming platform has renewed its office space just south of Manhattan’s Union Square , Commercial Observer has learned. Netflix Studios extended its lease spanning 9,943 square feet at Taconic Partners ’ 817…
BXP Sells 11% Stake in 343 Madison Avenue Office Tower to AVRS Partners
BXP , the largest Class A office owner in the country, has sold a 10.6 percent stake in 343 Madison Avenue , a planned 46-story, 930,000-square-foot office development in Midtown Manhattan, to AVRS Partners , in a pro…
HarbourVest Partners Signs 19,752 SF Office Lease in Midtown Manhattan
NEW YORK CITY — HarbourVest Partners has signed a 19,752-square-foot office lease in Midtown Manhattan. The Boston-based private equity firm is taking space on the 49th floor of 9 West 57th Street via a 10-year lease.…
Brannan Street Becomes San Francisco’s Big-Deal Hub as SOMA Leads Q3 With 484,000 SQFT Absorbed
With three of the third quarter's six leases of 100,000 square feet or more landing in South of Market, San Francisco's biggest office deals are shifting away from the South Financial District, with South of Market le…
Brex and Cognition Trade 41,000 SQFT of Starter Space for 380,000 SQFT in SOMA, Testing San Francisco’s Startup Pipeline
As fast-growing AI and tech companies jump from 16,000- and 25,000-square-foot suites into full SOMA buildings, CBRE's Q3 2026 San Francisco office report shows nearly half of the city's 8.4 million square feet of ten…