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The building was built to replace the Southwestern Bell Building as the Southwestern Bell world headquarters. However, in a series of mergers, the headquarters moved to San Antonio, Texas and was later renamed AT&T. In 2006 Inland American Real Estate Trust bought the building for $205 million. AT&T then signed a 10-year lease to be the sole ...
The ExxonMobil Building (also known as Exxon Tower, and formerly as Humble Oil Building) at 800 Bell Street in Houston, Texas is a 45-story, 1,200,000 sq ft (110,000 m 2) skyscraper built in 1963, designed by Welton Becket & Associates. [1]
As more offices sit empty, is the bell tolling for commercial real estate? Moneywise. January 18, 2024 at 4:00 PM ... Commercial real estate has outperformed the S&P 500 over 25 years.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.
The transaction with Preferred Real Estate Investments did not close, and on May 17, 2012, Holmdel Township declared the site as an "Area in Need of Redevelopment" [27] and adopted a redevelopment plan for the property that included various adaptive reuses of the main building, the construction of up to 40 single-family homes, and 185 age ...