Office
Read the latest real estate industry news with a focus on traditional office space leases, office property sale transactions, new office project construction and adaptive reuse repositioning programs, and more.
PMB Tops Out New Medical Office Building in San Jose, Calif.
An essential part of the Bascom Station mixed-use project, this development marks the 10th local Valley Health Center and delivers more than 200,000 square feet of San Jose medical office space to meet the needs of the surrounding community.
Breakthrough Secures 3 Biotech Tenants for Lab & Office Space in Cambridge, Mass.
Incendia Therapeutics, Larkspur Biosciences, and Deep Genomics join the Cambridge MA ecosystem and rent new Boston office space being redeveloped at One Canal by Breakthrough.
Hines’ Hudson Square Footprint Reaches 22,000 Square Feet Following Latest Expansion
Hines — a Houston-based real estate investor and developer — is expanding its Hudson Square presence by connecting its existing, 17,000-square-foot office space on the 12th floor of 345 Hudson St. to an additional 15,000 square feet in the adjacent building at 555 Greenwich St. This 12-year lease expansion is part of a joint venture with Trinity Church Wall Street and Norges Bank Investment Management. Hines developed and owns both properties.
Writers Guild of America East Renews Lease for Hudson Street Headquarters
The Writers Guild of America East (WGAE) decided to renew its 16,749-square-foot lease at the Jack Resnick & Sons-owned 250 Hudson Street for an additional 16 years. The 70-year-old labor union will maintain its presence on the seventh floor of building, which has been home to their headquarters since 2010.
HOK Inks New 25,000-Square-Foot Lease at One Pru Plaza
Architecture firm HOK has signed a 13-year lease at Wanxiang America Real Estate Group’s One Pru, formerly known as One Prudential Plaza. The company is set to occupy a 25,500-square-foot space on the 14th floor of the 41-story building.
HOK will vacate its current premises at 333 S. Wabash Ave. in Chicago early next year upon the expiration of its 27,000-square-foot lease.
Palantir Secures Lease for 140,345 Square Feet at 620 Avenue of the Americas
Data analytics and intelligence firm Palantir Technologies has agreed to a new lease deal at the RXR-owned 620 Avenue of the Americas. The company, which previously leased the space through WeWork, is set to retain its existing footprint of 140,345 square feet within the Chelsea building.
New Owner Swoops in to Save Downtown Denver’s The 410
The 410 office building offers occupants an excellent location in the heart of Denver that is easily accessible and surrounded by a wealth of amenities catering to all tastes and needs.
Mediplex Completes Redevelopment of Medical Office in Philadelphia Suburb
The redeveloped suburban Philadelphia medical office property brings modern outpatient healthcare services closer to the community.
New Uptown Dallas Office Tower Secures Construction Financing
Pacific Elm Properties’ new trophy Dallas office tower in the Uptown submarket is half pre-leased by the Bank of America.
Kobalt Music Reduces Footprint at 2 Gansevoort in New, 10-Year Deal
Kobalt Music Group has opted to maintain a presence in the Meatpacking District by renewing its lease at 2 Gansevoort St.
This decision comes after Kobalt previously subleased all of its office space in the nine-story building. According to an anonymous source familiar with the deal, Kobalt signed a new, 10-year lease for a smaller footprint of 10,000 square feet. The asking rent for this space was $115 per square foot.
