There’s been a lot of news recently about the financial pressures facing suburban Chicago commercial office landlords who have financed their office buildings via commercial mortgage-backed securities (CMBS) loans. While the financial challenges these buildings face continue to grab the headlines, there is a much less visible yet greater amount of privately funded commercial office landlords that could be facing dire financial changes over the next couple of years.

Cresa has represented tenant Exostar LLC in its 21,500-square-foot lease at Dulles Metro Center, a 225,029-square-foot, eight-story office building located at 2325 Dulles Corner Boulevard in Herndon, VA.

Efficient lab operations are critical to business continuity in the life sciences community.

While many companies are temporarily pumping the brakes on expansion due to COVID-19, Amazon is aggressively eyeing more space throughout the country, including in North Texas.

Following a slow first quarter that saw more than 150,000 square feet of negative office absorption in North Texas, things continued to slide during the second quarter.

In light of the significant impact that the COVID-19 pandemic has had on so many across the world, Cresa Cares has donated $100,000 to relief efforts. We feel fortunate to be able to assist the following organizations in continuing the amazing work they are doing.

In a world that feels more divided than ever, an increased sense of empathy could help bridge those deep chasms of differences between us.