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Healthcare & Green Jobs Head List of Fastest-Growing Careers in U.S.
The U.S. labor market was already undergoing an important expansion of its health sector in an effort to provide care for one of the largest cohorts of retirees. Accordingly, by 2021, the number of Americans working in healthcare-related jobs was roughly 20 million. Meanwhile, the green energy sector — which had been steadily growing throughout the course of the last decade — is now receiving more attention as an important source of new jobs for both blue- and white-collar workers.
Prologis Unveils Plans for Alameda Crossings Studio Complex
Located at 1716 E. Seventh St. on a nine-acre site that previously hosted a Greyhound bus terminal, the campus will feature 10 soundstages and 291,000 square feet of Los Angeles office and support space. The proposed project will also have a parking garage with capacity for 941 vehicles and 136 bicycles.
Haystack Oncology Leases New Facility in Baltimore
Originally built in 1965 as a bus depot, City Garage was redeveloped into a manufacturing hub with the backing of Sagamore Ventures in 2016. The property is part of the Baltimore Peninsula, a mixed-use project undertaken by a team that includes the likes of MAG Partners, MacFarlane Partners, Sagamore Ventures and the Urban Investment Group within Goldman Sachs. Currently undergoing construction, the 235-acre development is estimated to deliver more than 14 million square feet of commercial office, retail and residential space to the local market.
Marx Realty Signs Trio of Fintech Tenants at 10 Grand Central
Designed by Ely Jacques-Kahn, 10 Grand Central has undergone major renovations since 2019. The effort — lead by David Burns, principal of Studios Architecture — was part of Marx Realty’s repositioning strategy for the 359,000-square-foot tower. Notably, the new façade features soaring marquee brass fins and oversized walnut doors. The lobby has also been refurbished, boasting a 7,500-square-foot indoor/outdoor lounge and club floor. The property also has a 40-seat conference space and a 1930s-inspired garden party outdoor space, dubbed The Ivy Terrace.
Amazon Nabs 569,000 Square Feet at Bronx Warehouse
The facility’s proximity to Cross Bronx Expressway, Hutchinson River Parkway and the Bruckner Expressway gives Amazon access to more than 9.4 million potential customers within a 15-mile radius — a boon for the e-commerce giant, which has been increasingly focused on last-mile logistics since the start of the pandemic.
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.
ULI Report on Emerging Trends in Real Estate 2023
One of the first aspects that caught the attention of industry professionals was the decline of older office stock – buildings labeled as Class B or Class C assets, in accordance with the quality and diversity of their amenities – in favor of newer developments. In fact, a study by JLL highlighted that, between 2020 and the second quarter of 2022, properties completed in 2015 or later had a net absorption of 86.8 million square feet, whereas buildings older than that had negative net absorption of 246.5 million square feet. Notably, most negative net absorption (195.5 million square feet) was in buildings completed in the 1980s and earlier.
Santander to Occupy 95,000 Square Feet at New Miami Office
Located in the heart of Brickell and equipped with the latest in office amenities, the building has attracted a lot of attention. At the time of this deal, 830 Brickell was nearly fully leased, sporting an impressive roster of high-profile tenants that have driven up asking rents past $120 per square foot — a record for the Miami market.
Slate Office REIT to Buy Pfizer-Leased Property in Lake Shore
At the time of the negotiations, 275 North Field Drive was occupied and owned by Pfizer. The pharmaceutical giant had moved into the premises following its $17 billion merger with Hospira in 2015. As part of the current deal, Pfizer agreed to a long-term lease for most of the Lake Shore property, which also includes another 65,000 square feet of space available for a potential tenant.
Q3 2022 CommercialEdge Office Report: Demand for Coworking Continues to Drive Growth
CommercialEdge released its national office report for October, shining a spotlight once again on the reemergence of coworking spaces as a magnet for tenants, developers and investors alike. As a recent survey conducted by BOMA confirmed, office-using businesses are signaling their preference for shorter lease terms and more flexible workspace arrangements, which will allow them to quickly adjust their footprints according to their needs.Â
