Judge Orders Bankrupt OPI Into Mediation With Creditors Owed $400M

Office Properties Income Trust's bankruptcy proceedings have become contentious over the REIT's effort to shed $1B worth of debt.

AI Startup Sierra Doubles Space In SoMa, Fueling Recovery Optimism

The company was founded by alumni from Salesforce and Google.

A New First Date: Why Flex Operators And Landlords Need To Reset Their Relationship

Flexible space operators have damaged their reputation among landlords. The relationship needs a reset.

DTLA's Wedbush Center Heads To Special Servicing

The building's namesake tenant is planning to vacate 100K SF in December.

'The Grown-Up Flex Market': Why Specialist Operators Are Integral To Landlord Strategies

Increasingly, landlords recognise the value in establishing joint ventures with specialist flex workspace operators through management agreements.

Leasehold For 5-Building DTLA Campus The Park For Sale

The leasehold last traded for $1.5M in 2022.

Creditors Take Losses On $233M CMBS Loan For Former Sprint HQ

One money manager took a more than $60M hit on a CMBS loan that was backed by a single office asset as older properties continue to struggle.

Global Holdings Takes Over 25 Kent, Signs Tech Company To 30K SF Lease

The building, the first ground-up development in Brooklyn in 40 years, is now under the primary management of its former investor.

5 Years After Covid, Los Angeles' RTO Lags The Nation

Downtown's fortunes may change as more public workers are forced to the office more days of the week.

REPORT: Wharton Considering Financial District For Expansion Of San Francisco Campus