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Thursday, November 5, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.84%-6 bpAs of Nov 5 5-year Treasury4.59%-10 bpAs of Nov 5 SOFR3.92%-2 bpAs of Nov 5 Effective Fed funds3.88%UnchangedAs of Nov 5

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New YorkJobs YoY +0.2%Unemployment 4.3%FloridaJobs YoY +0.6%Unemployment 4.4%TexasJobs YoY +1.1%Unemployment 4.4%CaliforniaJobs YoY +0.7%Unemployment 5.1%New JerseyJobs YoY +0.1%Unemployment 4.2%North CarolinaJobs YoY +1.3%Unemployment 3.4%AlabamaJobs YoY +1.0%Unemployment 3.5%AlaskaJobs YoY +1.2%Unemployment 4.3%ArizonaJobs YoY +0.6%Unemployment 4.9%ArkansasJobs YoY +0.9%Unemployment 3.9%ColoradoJobs YoY +0.4%Unemployment 4.1%ConnecticutJobs YoY +0.9%Unemployment 5.1%DelawareJobs YoY +0.3%Unemployment 4.6%District of ColumbiaJobs YoY -3.5%Unemployment 5.6%GeorgiaJobs YoY 0.0%Unemployment 3.3%HawaiiJobs YoY +0.1%Unemployment 2.8%IdahoJobs YoY +1.0%Unemployment 3.6%IllinoisJobs YoY +0.2%Unemployment 4.6%IndianaJobs YoY -0.4%Unemployment 3.4%IowaJobs YoY +0.3%Unemployment 3.2%KansasJobs YoY +0.3%Unemployment 3.8%KentuckyJobs YoY 0.0%Unemployment 4.7%LouisianaJobs YoY +1.8%Unemployment 4.0%MaineJobs YoY +0.1%Unemployment 3.3%MarylandJobs YoY -0.5%Unemployment 3.9%MassachusettsJobs YoY +0.4%Unemployment 4.3%MichiganJobs YoY 0.0%Unemployment 5.0%MinnesotaJobs YoY +1.2%Unemployment 4.5%MississippiJobs YoY +0.6%Unemployment 3.3%MissouriJobs YoY +1.0%Unemployment 3.6%MontanaJobs YoY -1.0%Unemployment 3.1%NebraskaJobs YoY +0.4%Unemployment 2.9%NevadaJobs YoY +1.6%Unemployment 4.7%New HampshireJobs YoY +0.3%Unemployment 2.6%New MexicoJobs YoY +1.3%Unemployment 4.7%North DakotaJobs YoY +0.2%Unemployment 2.2%OhioJobs YoY +0.3%Unemployment 3.4%OklahomaJobs YoY +0.8%Unemployment 4.2%OregonJobs YoY -0.1%Unemployment 5.0%PennsylvaniaJobs YoY +0.7%Unemployment 3.6%Rhode IslandJobs YoY -0.1%Unemployment 3.6%South CarolinaJobs YoY +2.3%Unemployment 4.0%South DakotaJobs YoY +0.4%Unemployment 2.0%TennesseeJobs YoY +0.8%Unemployment 3.4%UtahJobs YoY +1.5%Unemployment 3.5%VermontJobs YoY -0.1%Unemployment 2.6%VirginiaJobs YoY -0.6%Unemployment 3.6%WashingtonJobs YoY +0.7%Unemployment 4.8%West VirginiaJobs YoY 0.0%Unemployment 4.0%WisconsinJobs YoY +0.4%Unemployment 3.2%WyomingJobs YoY +0.9%Unemployment 3.0%

Office / ANALYSIS

Colonnade buyers plan a $100 million reset for Addison office campus

A receivership sale gives a major Dallas North Tollway property new ownership and a substantial proposed improvement budget.

Adrian ColeInvestment SalesNovember 4, 2026 · 2 min read

Addison skyline, October 3, 2008. Archival illustrative photograph; not a verified view of The Colonnade. — Addison skyline, October 3, 2008. Archival illustrative photograph; not a verified view of The Colonnade. Photo: Justin Cozart / Wikimedia Commons · CC BY 2.0. Resized, converted to WebP and cropped to fit.

ADDISON — Cross Ocean Partners and Lincoln Property Company have acquired The Colonnade, a three-tower office campus along the Dallas North Tollway, with plans for approximately $100 million in improvements. The sale was reported November 3, marking a significant change in ownership for a property that had entered receivership. Source: Capdex, citing Newmark's sale announcement

The campus is reported at approximately 1.08 million square feet, with buildings at 15301, 15303 and 15305 North Dallas Parkway. Newmark handled the sale through the receivership process on behalf of Trigild and CWCapital, according to the report. The property sits between Belt Line and Arapaho roads in the Lower Tollway submarket. Source: Capdex

The proposed investment is the central commercial real estate issue. Ownership transfers can resolve an immediate financing problem, but a competitive leasing proposition depends on what follows: building systems, tenant improvements, amenities, operating execution and the time required to lease space. A large improvement budget makes the business plan more substantial than a simple change of landlord.

The Registry separately reported the acquisition and planned $100 million repositioning on November 3, although it used a somewhat smaller building-area figure. This article therefore treats the campus's size as approximate rather than suggesting that published measurements are identical. Source: The Registry

For neighboring owners and tenant representatives, the practical question is how the renovation program translates into available suites, asking rents and leasing incentives. The transaction alone does not demonstrate a broad office-market recovery, and the reviewed reports do not supply enough information to calculate the acquisition's investment return. It does identify a consequential recapitalization and a new source of potential competition in Addison.

Office leasing Distressed assets Renovations

Published by The Basis. Research dates, source references and illustrative assumptions are retained from the original article.