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Zuckerman Spaeder Sets Up New Headquarters at Award-Winning DC Office
Law firm Zuckerman Spaeder has announced it will be leasing 41,000 square feet at 2100 L St. NW — a new trophy office space in Washington, D.C.’s central business district. The company is scheduled to relocate its 90-strong team of attorneys and professional staff in the opening months of 2025 upon the building’s completion.
Office Pipeline 2024: Boston Leads by Construction Volume, Strong Seattle Presence Among Top 20 Projects Under Construction
In the opening months of 2024, reports show roughly 97 million square feet of office space in various stages of development nationally, a 28% drop compared to last year’s total. Boston stands out both in terms construction volume (measured in total square feet), as well as the share of new office developments within its stock.
Manhattan is taking a step back in 2024, with a much more modest 3 million square feet currently in its pipeline, while San Francisco, Seattle, San Diego are witnessing upticks in their development volumes year-over-year.
Greater New York Mutual Insurance Company Signs Full-Floor Lease at Empire State Building
The Greater New York Mutual Insurance Company recently joined the tenant roster of the prestigious Empire State Building with a full-floor lease totaling 52,000 square feet of trophy Manhattan office space.
Terreno Begins Redevelopment of Los Angeles-Area Industrial Property
San Francisco-based industrial operator Terreno Realty has kicked off the redevelopment of a Los Angeles-area industrial property located in Gardena, Calif. The redevelopment will turn the property into a three-building asset totaling 228,000 square feet of industrial space in the historically undersupplied market.
David Yurman Signs New Deal to Expand Tribeca Headquarters
David Yurman first moved into the Hudson Square building in 2002, when it inked a lease for 65,000 square feet across 2.5 floors. A few years later, the company expanded its headquarters by another 53,500 square feet. Finally, following this most recent deal, the company tacked on an extra 32,200 square feet.
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.
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.
RectorSeal Joins Tenant Roster at Tejon Ranch Commerce Center
RectorSeal — a global manufacturer and distributor of quality HVAC/R and plumbing products — is part of a growing list of companies moving its operations from the Los Angeles basin to the Tejon Ranch Commerce Center (TRCC). The company is set to take up half of the 480,000-square-foot industrial space at 5205 S. Wheeler Ridge Road in Arvin, Calif., a property owned by a partnership of Tejon Ranch Co. and Majestic Realty since 2017.
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.
