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Sun Belt Stays Ahead in Metro-to-Metro Migration Trends
Whether it’s for an economic opportunity or the need to find a better-suited home, moving is a common occurrence in America. And, while most people who move house…
iCapital Extends One Grand Central Lease, Doubling Its Footprint
Fintech platform iCapital increased its footprint at One Grand Central Place in midtown Manhattan, virtually doubling its initial presence in the building to a total of 64,500 square feet.
Warner Bros. Sale Leaseback of the Burbank Ranch Now Official
The development delivery of the land swap deal is scheduled for 2023, which coincides with Warner’s 100th anniversary. Since breaking ground in early 2020, the Second Century Project’s distinct profile is already taking shape.
Revamped Los Angeles Creative Office Commands $153M
IRA Capital believes in strong post-pandemic recovery, pays $153 million on recently renovated Los Angeles office space leased to live entertainment tenant.
Nashville Yards Attracts Prominent Law Firm HQ Relocation
The largest law firm in Nashville has announced it will relocate its headquarters to the top floors of Southwest Value Partners’ 35-story office development at 201 Platform South.
People are Choosing to Walk More Than Ever, According to Apple Mobility Trends
According to Apple’s Mobility Trends data, residents across the country are choosing to walk places more often than driving or taking public transit, but they’re also walking way more than they were before the pandemic.
CI Financial Signs Lease for U.S. Headquarters in Miami
Both New York and Dallas were on CI Financial’s shortlist for its new base of operations in the U.S., but Miami ended up being the Toronto-based company’s preferred choice.
Paramount Closes 2 Lease Deals for 1301 Avenue of the Americas
The French banking group shrank its presence at 1301 Avenue of the Americas from its previous 240,000 square feet. Meanwhile, SVB Leerink — an investment bank specializing in healthcare and life sciences — signed up for more than double the Midtown Manhattan office space it had previously occupied.
BXP Enters Seattle Office Market with Purchase of Safeco Plaza
Safeco Plaza in Seattle’s central business district has traded hands for $465 million to a joint venture managed by top publicly traded class A office owner, Boston Properties in a deal that brings the ownership, management and develop behemoth to the Seattle office market.
National Office Report 2021: Vacancy Rates Stabilize as Listing Rates Slowly Perk Up
While office sales activity has remained below pre-pandemic levels, transactions recorded through July of this year totaled roughly $37 billion. Likewise, investment activity also remains below pre-pandemic levels and, if the current pace of completed transactions holds steady, 2021 office sales could even exceed the $62 billion recorded last year.
