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To natives, it's called the Beer Can Building... but to everyone else, it will soon be known as the "SouthState Bank Building." SouthState Bank is making a significant move to the heart of downtown Tampa, securing signage rights and a new regional headquarters at the iconic Rivergate Tower. Starting early 2025, SouthState will occupy 17,000 square feet on the 29th floor of the 31-story cylindrical tower, adding a prominent name to Tampa's skyline. This move marks a shift from Midtown Tampa, where SouthState was the first tenant to commit to office tower Midtown West back in 2020. This lease stands out in the Tampa market, where most office leases are under 10,000 square feet. SouthState's growth continues to impress, especially with their recent $2 billion acquisition of Independent Bank Group, expanding their reach into the Texas market. Angel Gonzalez, SouthState's West Florida region division president, expressed excitement about the move: “I’m thrilled that SouthState will be part of the downtown Tampa skyline, with our name atop the iconic Rivergate Tower.” Zac Gruber, president of office at Banyan Street Capital, the building's owner, shared his enthusiasm: “We are extremely pleased to expand our relationship with SouthState Bank and to have their name adorn this celebrated Tampa icon.” While many companies are moving to mixed-use developments like Midtown, Water Street Tampa, and The Heights, SouthState Bank is making a bold move downtown, signaling exciting times ahead for Tampa's central business district. #Tampa #RealEstate #CommercialRealEstate #SouthStateBank #DowntownTampa #RivergateTower #BusinessNews

BBD's vs CBD's... check out the article and map of distressed Chicago office space. Nature abhors monocultures. CBD's with only "work" are monocultures, which will continue to decline unless and until private/public intervention steps in to create "live/work/play" healthy ecosystems. Note... there are not distressed office buildings west of the Loop in Fulton market. A healthy ecosystem home to Google, McD's world HQ, Nobu Hotel, cool loft living and a 24/7/365 economy. Welcome the BBD - the Better Business District. Detroit (Bedrock, Dan Gilbert) showed the power of private/public investment to resurrect the City. Downtown Tampa is going thru an economic emergence as a BBD, thanks to Jeff Vinick and now Bill Gates. What is the future for Chicago's Loop, SFO's Financial District, Seattle, DC, Philly and others? https://lnkd.in/ewxTsqZP

Newmark is pleased to announce the sale of Plaza on the Lake, a one-of-a-kind asset in Southwest Austin. With direct frontage to Pennybacker Bridge in the Loop 360 Corridor, the asset is the only office property in Austin with direct frontage to Lake Austin. Plaza on the Lake is anchored by a stable investment grade tenant, SONY Interactive Entertainment. The property was 69% leased at the time of sale to credit-worthy tenants in resilient, high-growth industries including healthcare, tech, and software. The Southwest submarket remains as one of Austin’s most desired suburban, affluent office locations. Read More -->  https://lnkd.in/gVQcnjJx DEAL TEAM: Chris Murphy, Robert Hill, Gary Carr, Austin Sheahan, Addisyn Green, Paul (PJ) Rasmussen and Chris McColpin #NewmarkTexas #CapitalMarkets #Austin

Summary of Bisnow Dublin key points! https://lnkd.in/ePXW2-q8

This article aims at reframing our discussions about our downtowns so that the notion of Central Business Districts (CBDs) no longer dominates them. It also presents an example of a large strong downtown -- Manhattan’s Upper East Side -- in which residential uses are dominant, and healthcare, the arts, and retail are also very strong. Traditional offices are present, but not really all that important. #STRONG_NON_CBD_DOWNTOWNS #UpperEastSideDowntown #aresidentialdominantdowntown

It was an insightful day at One East Wacker for Bisnow’s Chicago State of the Market event on Thursday, 10/24/24! 🌟 Crescent Cleaning was well represented for the event which included 4 Panels: 1. 2024: A Retrospective 2. Development in the Windy City: Exploring a Changing Skyline 3. The Downtown Dilemma 4. Lending and Capital in Today’s Market Key Takeaways: 💪 · There is a large demand for new investors in the Chicago Market · Chicago is the greatest city in the world, but we are losing the Public Relations game · Concerns surrounding tax increases result in instability and reduced investment activity · Chicago is falling short of its leadership goals · Stop watching headlines and start visiting the city · To secure the capital we need, our city visits need to include a walk on the Chicago River, the Mag Mile, dinner in Fulton Market, and an event at Soldier Field · Other markets wish their labor efficiency rivaled Chicago's · In office, the tenant attraction model is currently broken. The cost to attract tenants outweighs the benefits LaSalle Street Corridor · Exciting things are happening in the LaSalle Street Corridor · A vibrant 24/7 experience is the on the horizon · TIF funding has been introduced to kick-start the revitalization efforts · Chicago is offering incentives for affordable housing investments and adaptive reuse projects as the city looks to repurpose the buildings in the Financial District Climate · We have the safest climate in the country · Chicago has Lake Michigan and abundant resources · We don’t have concerns about additional funding to build sea walls · The Sun Belt is quickly becoming the “Sweat Belt” · The focus is shifting to the decarbonization of existing buildings Amenities · Chicago is the most amenitized market in the country · The new wave of amenities includes spas, touchless massage, and rooftop views · The average amenity space build out is 25k sf · Amenity space staffing is expensive Retail · Hot retail areas include Fulton Market and Oak Street · Michigan Avenue is starting to gain momentum as well · New strategies are resulting from a total reset of the loan and the investment strategy Retention · Companies are changing their KPI’s to include Employee Retention · Employee Retention includes flexibility and an appreciation for mental health · Although it can be difficult to measure, evaluation also includes Workforce Productivity · Young professionals need affordable rent, but development is not happening fast enough · The more we build, the more affordable housing becomes Special thank you to Bisnow for the Crescent Cleaning shout out! 🙌 #CrescentFamily #BisnowChicago #KnowledgeIsPower #ChicagoIsOnTheRise #CommercialRealEstate #WeAreAllInThisTogether

An effort to turn Downtown Pittsburgh offices into homes picks up speed Contact me to discuss the latest scoop in real estate! #housingtrends #pittsburghrealestate #pittsburghhousing #pittsburghrealtors #marketupdate #realestatetips #realestatenews #realestate #realtor #realestateagent

Some projects are just too exciting not to share early! We're in the process of onboarding a 6-bed HMO in Wolverhampton, tailored for working professionals. This one's in an unbeatable central location, and the interest has already been off the charts before the final touches are even complete. 👀 We’re aiming for key collection and showings to happen on the same day—with 10 potential tenants lined up to view it! But it's more than just another property. This HMO will be a space where professionals can find comfort, focus, and build their future. We're not just managing properties but creating opportunities for people to thrive in spaces designed with their success in mind. Here's to embracing opportunities, staying focused, and building a brighter tomorrow together. Your vision, our commitment, let’s make it happen. 🔑💼 #PremProperty #PropertyManagement #RealEstate #PropertyInvestment #PropertyManagement #WolverhamptonLiving #HMORenovation #PropertySuccess #InvestmentGoals #propertyinvesting #propertyinvestment #propertymanagement #propertymanagementlife

What's in a name? Well, confusion, sometimes...especially when you're named after one street, but are located on another. Over our forty-plus years, we've had offices on Wall Street, Fifth Avenue, and now we are located in our second location on Park Avenue South. But, we have never, ever, called Christopher Street "Home", at least in terms of an office. So, why the name? Read this blog entry to learn the answer. https://lnkd.in/em2HuvAd

Please read my recent article on the office market, published in the Mid Atlantic Real Estate Journal. WCRE | CORFAC International Mid Atlantic Real Estate Journal (MAREJ) #officemarket #officeleasing