Amazon signed deals to lease 537K SF of office space from JBG Smith and reached an agreement to buy development sites for $294M.
The most populous city in the U.S. will host Amazon's second headquarters, a decision that will draw cheers and scrutiny from across New York.
Amazon's Long Island City HQ2 campus will be built within a federal opportunity zone.
A host of developers in Crystal City, Pentagon City, Potomac Yard, Columbia Pike and Rosslyn could see a boost in demand from Amazon coming to Arlington.
Amazon's HQ2 will have an impact across all of the real estate assets in New York City, as more tech companies build there presence in the city.
With Amazon as a tenant, Newport Beach-based CT Realty sold a 1.1M SF industrial building in Northern California for $105M.
In an end-of-year filing, Amazon declared shipping and logistics as one of its competitive services for the first time — putting UPS and FedEx on notice.
Amazon has indicated New York's HQ2 loss will be a job gain for its existing 17 North American tech hubs, but (as always) analysts think there's a shortlist.
After a year of owning Whole Foods, Amazon reported earnings growth below its initial projections, raising questions about its long-term potential.
After pulling out of New York, Amazon is focused on building bridges in Northern Virginia, its head of economic development says.
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