CoStar to Build a 400,000 Square Foot Tower and Triple its HQ Staff
The Costar Group, whose stock soared by 77 percent in 2019, says that it will triple its staff at its Richmond, Va. headquarters. The company […]
Retail & Office Space
Newmark Knight Acquisition Strengthens its Valuation Services
Newmark Knight Frank, announced it has acquired the assets of HVS, Inc., which operates under the name Hopkins Appraisal Services (“Hopkins”), a national leader in […]
WeWork Sells Tech Startup Teem
WeWork has sold off the meeting space technology company Teem, which it acquired in 2018, reported Bisnow. Workplace solutions firm iOffice announced it had acquired […]
The Latest Updates from WeWork
WeWork to Terminate 10-15 Percent of its LeasesWeWork is reviewing about 100 leases around the globe and could pull out of some of them as […]
U.S. Office Market Continues Growth Pattern Amid Concerns About the Future
Driven by a decade of consistent economic growth, major U.S. metro areas added 682 million square feet of office space between 2008 and 2018, according […]
Newmark Knight Frank Acquires Workframe, Inc.
Newmark Knight Frank has acquired the innovative workflow solutions provider Workframe, Inc. reported PR News Wire. The Workframe software tool is a workflow solution that […]
CBRE: Flexible Office Space Market to Reach 600 Million Square Feet by 2030
A new report by global real estate firm CBRE forecasts rising growth of the flexible office/coworking space market over the next decade. According to CBRE, […]
Foreign Acquisition of U.S. Commercial Properties Plunges in 1H 2019
According to a report by Real Capital Analytics, (RCA) overseas investors in office buildings and retail space became net sellers of properties during the first […]
Google Acquires a Former Yahoo! Business Park for $1 Billion
Goolge’s unquenchable thirst for Silicon Valley property continued in July with the announcement that the tech giant paid $1 billion to buy up buildings and […]
Avg. U.S. Office Rents Rise by 4.2 Percent, Vacancy Stable at 9.7 Percent
According to Transwestern’s recently released national office report, the U.S. office market fundamentals reflect resilience, even in the face of the moderating pace of U.S. […]