Out of Lettuce? No worries, Just run to the office for the head. Seriously, in a growing number of downtowns, you can just do that. As people opt to work from home, leaving office space vacant, some empty buildings are being converted into indoor vertical farms. In this new style of farming, instead of planting …
Amazon is one of the most prominent office tenants in the country, so when the technology behemoth plans to shed space, landlords pay close attention. The company is looking to reduce its office vacancies, Business Insider reported, citing sources and an internal document. Amazon expects to save approximately $1.3 billion by cutting down on vacancies, which …
Amazon looks to break office leases, shedding $1.3B in expenses Read More »
Mention the term “data center” and most people will imagine a vast white or grey box-like warehouse on the edge of town. These nondescript buildings have historically been ignored, fading into the background of rural and suburban areas as mundane industrial facilities until they began proliferating in recent years, bringing community controversy to areas such …
How Communities Can Benefit From Mixed-Use Data Center Integration Read More »
The owner of two iconic San Francisco office properties is likely to give them up as major tenants pull out and the final due date for debt payments draws nearer, according to an earnings call with the New York real estate firm the Paramount Group. One of the properties is known as the Market Center, …
Bought for $949M, 2 San Francisco offices have been marked down to zero Read More »
(Bloomberg) — Canadian pension funds have been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans around the globe to emulate them. Now the largest of them is taking steps to limit its exposure to the most-beleaguered property type — office buildings. Canada Pension Plan Investment Board has …
Office Tower Deal for $1 Reveals Anxiety Among Longtime Buyers Read More »
In Los Angeles, where office transactions are increasingly rare, selective investors and lenders target specific projects. Their strategy includes investing in desirable neighborhoods while carefully managing their cash commitments. Despite an invitation to major industry players, a recent auction hosted by JMB Realty for its under-construction tower at 1950 Avenue of the Stars in Century …
Los Angeles Investors and Lenders Select Optimal Office Project Read More »
