#office-space

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#commercial-real-estate

Get-back-to-your-desk mandates spark office refill revolution

Return-to-office mandates are increasing, but many workers prefer hybrid models and upscale office spaces are still lacking.

Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena

Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.
from oregonlive
3 weeks ago

EBay renews downtown Portland office lease

eBay has renewed its lease in downtown Portland, reducing its office space by 20%.
This move may reflect a strategic adjustment in response to current commercial market conditions.
from Thesanjoseblog
3 weeks ago

San Jose approves tax breaks to help fill empty office space

San Jose City Council implements tax relief to attract businesses for vacant office spaces.

AI-backed fashion firm subleases 23K sf in LA's Financial District

Finesse, an AI-based fashion firm, has expanded its office space significantly in Downtown L.A. amidst a challenging office market.

An iconic gem of New York City's skyline is the latest victim of the office collapse

The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.
from Computerworld
5 days ago

Get-back-to-your-desk mandates spark office refill revolution

Return-to-office mandates are increasing, but many workers prefer hybrid models and upscale office spaces are still lacking.

Wedbush Securities joins downtown L.A. exodus, opting for smaller, more flexible office in Pasadena

Wedbush Securities is downsizing and relocating to adapt its office space for hybrid work due to shifts stemming from the pandemic.

EBay renews downtown Portland office lease

eBay has renewed its lease in downtown Portland, reducing its office space by 20%.
This move may reflect a strategic adjustment in response to current commercial market conditions.

San Jose approves tax breaks to help fill empty office space

San Jose City Council implements tax relief to attract businesses for vacant office spaces.

AI-backed fashion firm subleases 23K sf in LA's Financial District

Finesse, an AI-based fashion firm, has expanded its office space significantly in Downtown L.A. amidst a challenging office market.

An iconic gem of New York City's skyline is the latest victim of the office collapse

The Chrysler Building faces potential foreclosure amid escalating commercial real estate challenges in NYC.
morecommercial-real-estate
#architecture

monolithic metal module hosts workspace, lounge, and kitchen at studioinoci's office in milan

Nucleo Headquarters highlights sustainable design with versatile spaces anchored by a recycled metal monolith, emphasizing an industrial aesthetic.

1970s Seifert designed office tower set for demolition

The new office tower will focus on modern design principles, improve pedestrian space, and prioritize carbon reduction by retaining parts of the existing structure.

monolithic metal module hosts workspace, lounge, and kitchen at studioinoci's office in milan

Nucleo Headquarters highlights sustainable design with versatile spaces anchored by a recycled metal monolith, emphasizing an industrial aesthetic.

1970s Seifert designed office tower set for demolition

The new office tower will focus on modern design principles, improve pedestrian space, and prioritize carbon reduction by retaining parts of the existing structure.
morearchitecture
#real-estate

Des Moines office real estate vacancies have increased and other industry trends

Wells Fargo's office consolidation led to increased vacancies, but renovations and conversions are attracting new tenants to older buildings.

Amazon may be primed to add space near its NYC headquarters as more workers return to office

Amazon is negotiating to lease HSBC's 350,000 square feet at 452 Fifth Ave. for a return-to-office plan.

Downtown developer says housing project is stalled by state office tenant with remote workers. Why?

The developer Ken Brogan expresses frustration over delays in relocating a state office tenant and the rationale behind continued leasing of underused space.

VTA moving workers into one of Downtown San Jose's nicest office buildings

The VTA has bought Sobrato Tower to establish its new headquarters, effectively utilizing available office space in Downtown San Jose.

NYC luxury residential tower to feature secret 'trophy' space for commercial tenants

New office space at 520 Fifth Ave. aims to attract diverse tenants despite challenges in the market.

Employers that downsized office space say they now need to expand with hybrid work

Employers are increasingly looking to expand office space as hybrid work becomes established and in-person attendance increases.

Des Moines office real estate vacancies have increased and other industry trends

Wells Fargo's office consolidation led to increased vacancies, but renovations and conversions are attracting new tenants to older buildings.

Amazon may be primed to add space near its NYC headquarters as more workers return to office

Amazon is negotiating to lease HSBC's 350,000 square feet at 452 Fifth Ave. for a return-to-office plan.

Downtown developer says housing project is stalled by state office tenant with remote workers. Why?

The developer Ken Brogan expresses frustration over delays in relocating a state office tenant and the rationale behind continued leasing of underused space.

VTA moving workers into one of Downtown San Jose's nicest office buildings

The VTA has bought Sobrato Tower to establish its new headquarters, effectively utilizing available office space in Downtown San Jose.

NYC luxury residential tower to feature secret 'trophy' space for commercial tenants

New office space at 520 Fifth Ave. aims to attract diverse tenants despite challenges in the market.

Employers that downsized office space say they now need to expand with hybrid work

Employers are increasingly looking to expand office space as hybrid work becomes established and in-person attendance increases.
morereal-estate

Six things to look for on your office viewing tour - London Business News | Londonlovesbusiness.com

Choosing the right office space is essential for productivity and culture, impacting overall business success.
#airbnb

Airbnb Is Staying Put at 888 Brannan, Ending Year of Speculation

Airbnb has extended its headquarters lease in San Francisco until 2037, indicating a commitment to in-person collaboration despite recent downsizing trends.

Exclusive: Airbnb to keep S.F. headquarters with long term lease

Airbnb extends its San Francisco lease until 2037, reaffirming its commitment to fostering in-person collaboration despite a flexible remote work policy.

Airbnb Is Staying Put at 888 Brannan, Ending Year of Speculation

Airbnb has extended its headquarters lease in San Francisco until 2037, indicating a commitment to in-person collaboration despite recent downsizing trends.

Exclusive: Airbnb to keep S.F. headquarters with long term lease

Airbnb extends its San Francisco lease until 2037, reaffirming its commitment to fostering in-person collaboration despite a flexible remote work policy.
moreairbnb
#corporate-culture

Bow Arts Frieze Week Takeover | Berlin Art Link

The exhibition 'Take A Seat' redefines office space through innovative art, prompting reflections on corporate culture and our interaction with work environments.

Don't Go To The Office 5 Days A Week

Amazon's strategy to enforce a full-time office return reflects a misjudgment rooted in the sunk cost fallacy rather than a logical business decision.

Bow Arts Frieze Week Takeover | Berlin Art Link

The exhibition 'Take A Seat' redefines office space through innovative art, prompting reflections on corporate culture and our interaction with work environments.

Don't Go To The Office 5 Days A Week

Amazon's strategy to enforce a full-time office return reflects a misjudgment rooted in the sunk cost fallacy rather than a logical business decision.
morecorporate-culture

Concerns over financial viability of Bromley Council's new offices dismissed

Labour councillors question the financial viability of renting out the Churchill Court block due to flawed estimates that exclude the purchase costs.

International video company opens first US office near Santana Row

Neat has secured a new 10,887 SQFT office space to enhance collaboration and client interaction.

Andreessen Horowitz shutters its 'Wall Street South' office after 2 years because nobody was showing up

Miami is thriving as a financial hub, but Andreessen Horowitz's closed office signals ongoing challenges in the office space amidst shifting market conditions.

Value of Gas Company Tower in DTLA Drops Another 21%

The Gas Company Tower in L.A. has significantly decreased in value over the years, currently worth $214.5 million, highlighting the decline in the Downtown office market post-pandemic.

Biglaw's Footprint Is Shrinking

Biglaw firms are leasing less office space, showing a downward trend.
#remote-work
from ABC7 San Francisco
5 months ago
San Francisco

Google to leave prominent office complex in San Francisco next year, report says

Google is leaving its office space at One Market Plaza due to flexible schedules and work from home trend, impacting San Francisco's economy.

The Top 3 Reasons Why Workers Come Into the Office

Focusing on employees' top office priorities can boost office enthusiasm and attendance.

Author Post: 5 Questions To Ask About Brick-And-Mortar Workplaces

Shared spaces and co-working options cater to the need for face-to-face interactions among workers.
Companies are reconsidering office space needs while prioritizing employee preferences for in-person collaboration.

Remote Work Is Here to Stay

Remote work is productive but companies are still transitioning back to the office.
High office vacancy rates indicate sustained interest in remote work but some companies see in-person work as essential.

Demand for office space nearly back to pre-pandemic levels in some cities, but not in Chicago, report finds

Demand for office space in downtown Chicago continues to decline, indicating a slow recovery for the area.
Other cities like New York City are seeing demand for office space return to pre-pandemic levels, while Chicago lags behind.

Princess Cruises to Sublease Headquarters in Santa Clarita

Princess Cruises is looking to sublease its 300,000-square-foot headquarters campus in Santa Clarita.
The company has listed four office buildings for sublease at a rate of $1.99 per square foot.

Google to leave prominent office complex in San Francisco next year, report says

Google is leaving its office space at One Market Plaza due to flexible schedules and work from home trend, impacting San Francisco's economy.

The Top 3 Reasons Why Workers Come Into the Office

Focusing on employees' top office priorities can boost office enthusiasm and attendance.

Author Post: 5 Questions To Ask About Brick-And-Mortar Workplaces

Shared spaces and co-working options cater to the need for face-to-face interactions among workers.
Companies are reconsidering office space needs while prioritizing employee preferences for in-person collaboration.

Remote Work Is Here to Stay

Remote work is productive but companies are still transitioning back to the office.
High office vacancy rates indicate sustained interest in remote work but some companies see in-person work as essential.

Demand for office space nearly back to pre-pandemic levels in some cities, but not in Chicago, report finds

Demand for office space in downtown Chicago continues to decline, indicating a slow recovery for the area.
Other cities like New York City are seeing demand for office space return to pre-pandemic levels, while Chicago lags behind.

Princess Cruises to Sublease Headquarters in Santa Clarita

Princess Cruises is looking to sublease its 300,000-square-foot headquarters campus in Santa Clarita.
The company has listed four office buildings for sublease at a rate of $1.99 per square foot.
moreremote-work

TikTok is subleasing major San Jose office building

TikTok expanding operations in San Jose
ByteDance subleasing in Coleman Highline

Huge Santa Clara project delays plans for some offices as market flops

An estimated 4 million square feet of office space won't be built as planned in the Related Santa Clara project.
Instead, 1.6 million square feet of light industrial and advanced manufacturing spaces will be built on the site.

He pioneered telework for state workers 40 years ago. What's he think of return-to-office push?

David Fleming pioneered telecommuting for the state of California in 1985, emphasizing the benefits of reduced office space, improved flexibility, and improved air quality.
The Legislature codified telework in the 1990s, recognizing its potential to reduce air pollution, traffic congestion, and improve employee productivity and work-life balance.

Kaiser Buys Santa Clarita Office Building At 30% Discount to Last Sale

Kaiser Foundation Health Plan purchases a medical office building in Santa Clarita for $67 million, representing a 30% discount from its previous sale price.
Kaiser Foundation's decision to buy instead of rent office space reflects a trend in Southern California where companies are finding it more compelling to own their own properties.

20% of Southern California offices are empty. Where are the most vacancies?

Southern California had a 20% vacancy rate in office space at the end of 2023.
20 million square feet of office space was rented by new tenants, but 7 million square feet was added by companies abandoning offices.

New, bold Brooklyn waterfront office spaces are giving a new meaning to work from home

Brooklyn developers are focusing on prime office space closer to where workers live, offering tax incentives and energy programs to attract tenants with lower rents.
In the revitalization of the Domino sugar factory, Two Trees has created modern offices while preserving the historic facade and incorporating greenery and amenities.

Talking Headways Podcast: Downtown or Not Downtown - Streetsblog USA

The closing plenary at the 2023 Mpact conference focused on center cities and how to make them thrive again.
The panel discussed the balance between residential and office space in neighborhoods, with a focus on creating livable communities.

San Jose office building lands fast-expanding fintech as first tenant

Acrisure, a financial technology and insurance company, has leased 29,000 square feet in One Santana West, a new office building next to Santana Row in San Jose.
The walkability to Santana Row and the amenities were major factors in Acrisure's decision to lease space in One Santana West.

TRP Investment Acquires Event Center in Irvine for $11M

TRP Investment Group purchased a 28,000-square-foot event center in Irvine for $10.6 million to serve as the new headquarters for Tax Resolution Plus.
The black-and-white OC Plaza building will be revamped for office use on the second floor while keeping the ground floor for events.
#office space

Desert Complex Under Way

Construction of a $12-million mixed-use project in La Quinta, California, is underway.
The project includes a medical building, office, retail, and restaurant space.

Groupon downsizes HQ to subleased floor in Leo Burnett building

Groupon is moving to a smaller office space in the Leo Burnett building in Chicago's Loop.
The move reflects the decline of Groupon and the challenging office market.
The company has been losing money and downsizing due to ongoing revenue declines.

Quinn Emanuel To Adopt Hoteling Policy For Lawyers In Its New NYC Office

Quinn Emanuel, a top-ranked Biglaw firm, recently signed a lease for office space in Manhattan amidst their work from anywhere policy.
The firm plans to allocate a combination of permanent offices and hoteling spaces based on lawyers' workplace habits.
More than half of the firm's lawyers in New York are expected to want a name plate office.

Desert Complex Under Way

Construction of a $12-million mixed-use project in La Quinta, California, is underway.
The project includes a medical building, office, retail, and restaurant space.

Groupon downsizes HQ to subleased floor in Leo Burnett building

Groupon is moving to a smaller office space in the Leo Burnett building in Chicago's Loop.
The move reflects the decline of Groupon and the challenging office market.
The company has been losing money and downsizing due to ongoing revenue declines.

Quinn Emanuel To Adopt Hoteling Policy For Lawyers In Its New NYC Office

Quinn Emanuel, a top-ranked Biglaw firm, recently signed a lease for office space in Manhattan amidst their work from anywhere policy.
The firm plans to allocate a combination of permanent offices and hoteling spaces based on lawyers' workplace habits.
More than half of the firm's lawyers in New York are expected to want a name plate office.
moreoffice space

Civic Life Office Turns Down Portland Neighborhood Group's Bid for City Funds

A Southwest Portland district coalition that sought to reinstate its public funding was denied last month.Southwest Neighborhoods, Inc. (SWNI) was notified by the Office of Community and Civic Life on April 13 that its request for city funds was not included in the latest budget.The organization previously served as the city's designated coalition to serve more than 16 neighborhood associations in Southwest Portland.

Willis Tower is no longer the tallest building in the world. But it's still a trendsetter as it turns 50 this week.

On a windy spring day 50 years ago this week, John Porzuczek helped guide the final piece of steel into place on what was then known as Chicago's Sears Tower.Placement of the beam - painted white and signed by thousands of Sears employees - ended nearly three years of construction that required Porzuczek and other ironworkers to climb up and down the steadily rising tower, wearing up to 70 pounds of tools around their waists.

Colleen Healey clads renovated Maryland home in Corten steel and cedar

Colleen Healey Architecture has renovated a 30-year-old home in Maryland, introducing large windows and a hybrid facade that mixes Corten steel with cedar shake.The Bethesda, Maryland home is called Corten Tree House and covers close to 5,000 square feet (464 square metres) on a lot that borders a wooded conservation area with a natural spring that empties into the Potomac River.
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