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.
South San Francisco Life Sciences Campus Gets Expansion Approval
Healthpeak Properties gets green light for Vantage Phase I and Vantage Phase II at massive South San Francisco life sciences campus.
How Much Office Space Could You Rent for $10K/Month in the U.S.?
We looked at 160 markets to find the best office space price and where our hypothetical rent budget of $120,000 per year (or $10,000 per month) would stretch the most.
Chicago Landmark Tribune Tower Signs Luxury Retail Tenant
The luxury boutique will expand the Tribune Tower’s contribution to the variety of dynamic street retail options that the Magnificent Mile has to offer.
Sheppard Mullin Moves Headquarters to CIM’s City National 2CAL
The new Sheppard Mullin headquarters will occupy floors 39 through 42 of the 52-story Bunker Hill building, which includes 1.4 million square feet of Los Angeles office space.
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.
