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BXP's Heather Kahn, Convene's Brian Holland, Sage Realty's Alec Fomin, Savills' Scott Vinett, Cushman & Wakefield's Paige Engeldrum and Lowenstein Sandler's Julia Sanabria at Bisnow's New York Office and Workplace event Oct. 9, 2024.
News

Long-Dormant Tech Firms Start To Make A Stir In Office Market

... a week later. “We’re seeing green shoots in tech,” Savills Vice Chairman Scott Vinett said. “You see the OpenAI deal ... in the third quarter, the most since 2021, according to Savills. Almost half of the quarter's office leasing was taken ...

Oct 11, 2024
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CBRE Joins Major Brokerages Pulling Out Of Russia Amid ‘Horrific’ Ukraine Invasion
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CBRE Joins Major Brokerages Pulling Out Of Russia Amid ‘Horrific’ Ukraine Invasion

... commercial and residential real estate services in that country. Savills, also based in London, operates in Russia through a ... with sanctioned entities or persons. Including Knight Frank and Savills, Bisnow reached out to eight top commercial real estate ...

Mar 04, 2022
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Band performance Oasis
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From Taylor Swift To Oasis, Concerts And Events Increasingly Driving Hotel Market

... rolled the dice on the UK hotel sector, with Savills reporting that investment transactions reached an estimated £626M in ... line with 2019 levels. While portfolio deals have dominated, Savills said it had seen improving activity across single assets. In ...

Oct 04, 2024
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NYC skyline
News

Available Manhattan Office Space Hits 3-Year Low, Driven By Big Finance Leases

... , with activity up nearly 50% year-over-year, according to Savills. Tenants signed 9.3M SF of leases in Q3, with ... growing vacancy in Class-B and C buildings, Savills researchers wrote in the report. Savills, which also published asking rent breakdowns across ...

Oct 02, 2024
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Chicago Office Professionals See Light Ahead As Class-A Availability Dips For First Time Since Pandemic
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Chicago Office Professionals See Light Ahead As Class-A Availability Dips For First Time Since Pandemic

... before the onset of the pandemic, according to a Q3 Savills office report. Overall office market availability went up just 10 ... 43% of all signed space located in the West Loop, Savills reported. Asking rent in the submarket is about $48.50 ...

Oct 02, 2024
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Warehousing
News

Meds And Beds (But Not Enough Sheds) As Logistics Occupiers Hunt Space

... will eventually turn to legacy stock to redevelop or retrofit. Savills said that this trend has already begun, with secondary ... terms of the pipeline, it’s almost completely pre-let," Savills Director of Industrial & Logistics Jarlath Lynn said. "Given the ...

Feb 22, 2023
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The former BET headquarters building at 1901 W Place NE.
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Douglas Development Acquires BET's Former D.C. Headquarters

... confirmed the acquisition via text message but declined to comment. Savills, which represented BET in the sale, also confirmed the deal ... deal at the time, but a sale didn't materialize. Savills' Parker Lange, Vernon Knarr, Art Greenberg and Kelly Givens ...

Jun 04, 2021
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This Week's Denver Deal Sheet
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This Week's Denver Deal Sheet

... and townhomes, totaling 442K SF of rentable space.  PEOPLE Savills added Pete Palumbo and Matt Burton to its Denver office ... strategic direction of that company’s real estate. Burton joins Savills from Ryder Systems Inc. where he was associate real estate ...

Sep 13, 2024
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Ratkovich And J.P. Morgan Score $41M For Culver City-Area Creative Campus
News

Ratkovich And J.P. Morgan Score $41M For Culver City-Area Creative Campus

... for $49.6M, according to a fourth-quarter report from Savills and public records.  The seller was The Altemus Co., ... value in low-rise campuses and not high-rise towers.”  Savills’ fourth-quarter office report forecast continued uncertainty about the economy ...

Jan 17, 2023
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For Lab Real Estate, Shift To Smaller Leases Means Longer Supply Glut
News

For Lab Real Estate, Shift To Smaller Leases Means Longer Supply Glut

... % in the first six months of the year, according to Savills research, it’s important to understand just where that money ... focused on cutting costs and making do with smaller spaces. Savills found smaller leases have been the primary driver of lab ...

Aug 22, 2024
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