Mixed-use
Sodexo Inks Deal for New Bethesda Headquarters
Sodexo is expected to move in the spring of 2024, leaving its current location at 9801 Washingtonian Blvd., which has served as its headquarters since the 1980s, when the Paris-based company opened its American arm. According to the Washington Business Journal, Sodexo previously considered a relocation in 2012. However, that move was scraped after county and city officials offered $4 million in public incentives.
Rubenstein Partners Signs New Tenant at 25 Kent
Altana, an artificial intelligence platform for supply chain management, has signed a 10-year lease for roughly 21,000 square feet of office space at 25 Kent Ave. in the Williamsburg neighborhood in Brooklyn, N.Y. Whitten Morris and Peter Riguardi of JLL represented the landlord (Rubenstein Partners), while Sam Seiler and Joe Sipala, also of JLL, negotiated on behalf of Altana.
The deal allows the company to shift its workforce from its current location at 134 N. Fourth St. to the eight-story building owned by Rubenstein Partners. Altana’s expansion into its new headquarters comes on the heels of a recent $100 million Series B investment.
LuminUltra Inks Lease for New Headquarters at BWI Tech Park
LuminUltra has penned a lease deal with St. John Properties for 14,000 square feet at 805 Pinnacle Drive in Linthicum, Md. The Canadian company will relocate its U.S. headquarters to the new facility located within BWI Tech Park — a 156-acre business campus that encompasses more than 1 million square feet of Maryland commercial real estate, including office, flex, R&D and retail space.
Construction Begins on 200 Clayton Project in Denver
Developers broke ground on the 76,000-square-foot mixed-use building at 200 Clayton in the Cherry Creek North neighborhood of Denver. The eight-story building will house a division of The Broe Group’s team and act as part of their headquarters.
Expert Insights: Anthony W. Orlando Talks Strategic CRE Investment & the Value of Community Input in Development Innovation
Anthony W Orlando — author, real estate researcher, public policy and environmental policy expert, and associate professor at CalPoly Pomona — shares his insights on equitable and sustainable innovation in California commercial real estate.
Expert Insights: Lance Shoemaker on California CRE, COVID Impact & More
Business and RE law instructor with West Valley College, Lance Shoemaker, imparts his take on the potential of California commercial real estate to adapt to changes brought on by COVID, and more.
Uber & Golden State Warriors Secure $600M CMBS Refi from J.P. Morgan for Mission Bay Towers
J.P. Morgan Chase has originated nearly $600 million in commercial mortgage-backed securities (CMBS) to the new Chase Center Towers in San Francisco’s Mission Bay neighborhood. The refinancing effort…
Kaufman Astoria Studios Set to Open New Office & Production Space in Queens
The ongoing COVID-19 outbreak has halted the progress of several commercial real estate projects in New York City. One of them is the latest addition to Kaufman Astoria’s…
COVID-19’s Impact on Commercial Real Estate
The economy was on a roll in February. Even as the severity of the pandemic was taking shape in China, the U.S. remained on the upswing. But, since then, the economy,…
Jackson Hole Virginian Lodge Hits Market at $60 Million
By local zoning happenstance, the five-acre recreational vehicle park could hold some buildings of up to four stories—which is rare for Jackson, to say the least.
