Matterport, a spatial data company headquartered in Silicon Valley, announced plans to reduce its workforce by 30%, or about 170 jobs, in a Securities and Exchange…
The 10 Biggest Blocks Of Manhattan Office Space Hunting For A Tenant
It is not unusual for Manhattan, the biggest office market in the country, to have colossal blocks of space in need of tenants. But in this…
Workspace Property Trust Wins Extension Of $1.3B Loan For Office And Industrial Portfolio
Workspace Property Trust obtained a two-year extension for a $1.3B CMBS loan associated with a portfolio of about 10M SF of suburban office and industrial…
'Power Is The New Parking': What Companies Want Most In Their Industrial Space Is Rapidly Shifting
As developers try to build industrial properties that will last half a century or longer, they are increasingly thinking about how to turn warehouses into…
Industrial Demand Slackening, But Airport-Area Warehouse Space Tight As Ever
Demand for warehouse space near the world’s busiest airport hasn’t slowed down as much as it has in the rest of Metro Atlanta. The problem…
Burlington Leases Long-Vacant Pratt Street Retail Space
National discount retailer Burlington Stores Inc. has signed a 34K SF lease in downtown Baltimore’s Lockwood Plaza, a deal officials are touting as a sign of the…
Meta Puts Big D.C. Office Space Up For Sublease
Meta’s D.C. office is the latest domino to fall as the tech giant reduces its footprint across the country. Source: Meta Puts Big D.C. Office Space…
Bay Area Biotech Landlords Sweeten Deals For Tenants As Wave Of Available Space Grows
Recent lab leases signed in the South San Francisco submarket show landlords cutting effective prices to lock in tenants, heading off a flood of sublease…
Experiential Retailer Pinstripes Going Public Via SPAC, Plans 150 Locations
Experiential restaurant chain Pinstripes is making moves to go public to help fuel a goal of expanding to 150 stores. The company plans to merge with…
For Lease: 69 Mercer, SoHo’s Luxurious Office Space, Blends Classic And Modern NYC Appeal
Introducing 69 Mercer, a six-story luxury office building in the heart of New York City’s SoHo district. Designed by Ogawa/Depardon Architects, this elegant cast-iron building features…
Activist Investor Litt Says Life Sciences Space Is Suffering, Targets Alexandria In Latest Report
Activist investor Jonathan Litt, known for shorting major office-owning REITs, is now asserting that life sciences space is as underutilized as standard office space and that…
Pegasus Park To Add Thousands Of Square Feet Of Lab Space For Established Life Science Firms
Developers at Pegasus Park will more than triple the amount of lab space on campus with the introduction of Bridge Labs, a 135K SF research…
Pre-Pandemic Workspace Priorities Return, But Public And Private Sectors Diverge
A new dividing line appears to be opening up in UK workspace, and it is between public and private sector occupiers. Data from Knight Frank/Cresa…
Coworking Spaces In Luxury Apartments Offer Latest Test For Downtown Offices
Office landlords in Manhattan have a new competitor to watch out for: apartment developers in Brooklyn. Source: Coworking Spaces In Luxury Apartments Offer Latest Test For Downtown Offices
What To Do Downtown When You’re Distressed: A Guide To Buying And Selling Delinquent Office Space
The fate of the millions of square feet of office space sitting empty in downtowns across the country has the capacity to shift the landscape of…
The Evolution Of Multifamily Wellness: The Benefits Of Incorporating Tailored Fitness Spaces
Fitness centers have long been considered a desirable amenity for multifamily buildings, but their significance has risen in recent times. The coronavirus pandemic forced the…
As Sublease Space Hits Record High, Some Dallas-Area Companies Are Throwing In The Towel
A slew of office tenants in Dallas-Fort Worth have given up hope of saving money on real estate and are taking space back after hanging their hats…
A Huge Tenant At Icahn's Atlanta Tower Is Backing Away From Its Space
When the Center for Global Health Innovation struck a deal to lease 200K SF at a Midtown Atlanta tower owned by Icahn Enterprises at the end…
AI Will Mean Fewer IBM Staff To Fill Office Space (For Now)
The rise of artificial intelligence is likely to see tech giant IBM hire thousands fewer people over the next five years, potentially reducing its need for office space. IBM…
For Lease: The Hudson Arts Building, West Chelsea’s Cutting-Edge Space In The Heart Of The Art District
The Hudson Arts Building is a 200K SF building in New York City’s thriving arts district, West Chelsea. The 10-story structure is meant to serve as…