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WeWork Sells Another Office It Bought In Its Hypergrowth Period
News

WeWork Sells Another Office It Bought In Its Hypergrowth Period

... £30M refurbishment. It has 94K SF of office space and 9K SF of restaurant space.  Hines ... , with WeWork having moved out of the flexible office space it previously ran in the building.  ... to invest as much as $3B in office assets, with a major plank of the ...

Jul 03, 2023
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Before COVID, Blackstone’s The Office Group Was Flying
News

Before COVID, Blackstone’s The Office Group Was Flying

... before COVID-19 hit the flexible office sector hard. The Office Groups flags the negative impact ... are paying for — in the UK flexible office sector was 67% at the end of ... August this year. Actual occupancy in flexible offices is much lower, with national UK ...

Nov 25, 2020
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Hot: Studios. Not: Flex Office.
News

Hot: Studios. Not: Flex Office.

... has decided that point is now, as evidence mounts that flexible office space pricing is failing to stage a recovery. Purpose, ... Purpose's decision also reflects continued price stagnation in the flexible office sector. H1 2021 prices per desk in the London  ...

Jul 28, 2021
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Birmingham Professionals Cut Floorspace By 50%, But Office Market Says Tis But A Scratch
News

Birmingham Professionals Cut Floorspace By 50%, But Office Market Says Tis But A Scratch

... professional services firms — the backbone of the Colmore Row office market — are slashing their floorspace requirements. The signing sees ... on the 18th floor, in addition to three floors of flexible office space, managed by x+why.  “This latest letting with ...

Feb 22, 2023
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Durst Partners With Serendipity Labs To Offer Suburban Coworking For All Its NYC Office Tenants
News

Durst Partners With Serendipity Labs To Offer Suburban Coworking For All Its NYC Office Tenants

A Westchester County-based flexible office provider has struck a deal ... seventh Tri-State location. It also operates flex office spaces in the Financial District, Ridgewood, White ... areas — in all 64 of Nuveen’s office properties in 13 states and allowing all ...

Feb 14, 2023
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The DuMont building, at 515 Madison Ave., where landlord GFP Real Estate has reportedly defaulted on a $103M loan maturing late last year.
News

GFP Defaults On $103M Loan Backing Midtown Office Building

... 83.8% occupied in December, and its largest tenant is flexible office space provider Jay Suites, which has a lease for 14 ... vast majority of which would be concentrated in retail and office assets in Times Square and Fifth Avenue. Meanwhile, owners ...

Feb 06, 2023
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REPORT: Starwood Capital, Artisan Realty In Talks With Lender Over $600M Loan On El Segundo Office Towers
News

REPORT: Starwood Capital, Artisan Realty In Talks With Lender Over $600M Loan On El Segundo Office Towers

... Coast Highway house a WeWork location, a Premier Workspaces flexible office location, and financial and professional services firms.  El Segundo ... ’s 26.1% average, according to Savills data.  Office buildings across the city, most recently and notably in ...

Mar 14, 2023
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Tenant Improvement Allowances Growing As Practicality Rules For Office Amenities
News

Tenant Improvement Allowances Growing As Practicality Rules For Office Amenities

... the leasing model entirely. Instead of traditional office amenities, tenants these days are interested in flexible office options, Steve Mohebi, co-founder and ...

Dec 11, 2022
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Former Lord & Taylor Box At King Of Prussia Mall Lands Convene For Office/Healthcare Conversion
News

Former Lord & Taylor Box At King Of Prussia Mall Lands Convene For Office/Healthcare Conversion

... Properties and Investments is redeveloping into over 120K SF of office and/or healthcare uses, the Philadelphia Business Journal reports. ... each in San Francisco, Boston and London. The KoP office would represent Convene's third location in the Philadelphia ...

Jan 12, 2023
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SmartLabs signed a lease for 140K SF at New England Development's CambridgeSide project.
News

Flexible Lab Provider Leases Entire Third Floor Of Redeveloped Cambridge Mall

...  offices before the developer pivoted to life sciences as the office landscape began to change, the Boston Business Journal reported.  SmartLabs ... of six interconnected buildings with 2M SF of retail, lab, office and residential uses.

Mar 03, 2023
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