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.
Alexandria Real Estate Equities Inks Boston Full-Building Lease to Novo Nordisk
Novo Nordisk will occupy the entire 165,000-square-foot R&D office property at 60 Sylvan Rd., currently in redeveloped for delivery in 2025.
Work-Life Balance Stats Between Remote Work, Stress & Job-Hopping
Overall, younger respondents are less content with the state of their work-life balance. Among resolutions for 2024, respondents mainly aim to reduce workplace stress and spend more time with loved ones to improve the balance between their work and personal lives.
Ionis’ Carlsbad Life Sciences Campus Expansion Breaks Ground
The expansion project will bring Ionis Pharmaceuticals’ life sciences and office campus in Carlsbad to a total of more than 400,000 square feet across four buildings.
Solomon Partners Inks 15-Year Deal at 1251 Avenue of the Americas
Solomon Partners will be expanding its U.S. headquarters through a new lease at 1251 Avenue of the Americas. Formerly known as the Exxon Building, the 2.4-million-square-foot Manhattan office tower now owned by Japanese real estate developer Mitsui Fudosan will be the new home of Solomon following the signing of a 15-year agreement. The company will occupy roughly 71,000 square feet on the entire 32nd floor and part of the 31st floor of the property.
Non-Profit Safe Horizon Opens New Office in Brooklyn
Safe Horizon has announced its relocation to a 20,000-square-foot space near downtown Brooklyn. The organization — which focuses on providing support to victims of violence — will occupy the sixth floor of Quinlan Development Group’s 41 Flatbush Ave., also known as the Pioneer Building.
Ad Agency Saatchi Leases Flatiron District Office Space
M&C Saatchi Group closed on a deal that will result in a 40% reduction of its office footprint in New York City: The company signed a 10-year agreement for 13,000 square feet at 16 W. 22nd St., where it will occupy the entire ninth floor of the GFP Real Estate-owned building. Asking rent was $46 per square foot.
Areté & Chemtrec Leases Total 90,000 Square Feet at Falls Church, Va. Office
Golden Eagle Group secured two new leases totaling roughly 90,000 square feet at its office property in Falls Church, Va. One of the tenants is California-based defense tech company Areté Associates, which has inked a deal for 65,000 square feet of office space. Hazardous material disposal company Chemtrec — which will occupy more than 25,000 square feet of space in the eight-story building — is the other new arrival.
GTN Gains Foothold in Manhattan Office Market
GTN closed on a five-year lease deal for its first New York City office at the RXR-owned 32 Old Slip building. The fintech company will occupy roughly 3,300 square feet of office space on the 32nd floor of the 36-story property that’s located within the city’s Financial District along the Water Street corridor. Asking rent was $66 per square foot.
Quinn Emanuel Urquhart & Sullivan to Anchor Revitalized Landmark
Quinn Emanuel Urquhart & Sullivan has opened its new headquarters in the renovated Textile Building at 295 Fifth Ave. in Midtown South. The global litigation firm is the…
Quadrature Establishes Presence in U.S. with Puck Building Lease
Quadrature signed a decade-long lease for 30,000 square feet of prime Manhattan office space on the fourth floor of Kushner Companies’ Puck Building. The company will be moving into space vacated by New York University, which decided to terminate its lease at 295 Lafayette St. after a 20-year stay.
