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Office Vacancy Across Top U.S. Markets Dipped Below 15%, National Leasing Rates Stable
Office sales across key U.S. office markets analyzed for this most recent report surpassed $50 billion during the first nine months of 2021, while the average sales price per square foot continued to climb.
Sun Belt Stays Ahead in Metro-to-Metro Migration Trends
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.
