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Travelers Insurance Leases 42,000-Square-Foot Office in Los Angeles County

Travelers is set to occupy more than half of the office space at 21680 Gateway Drive following a move from the neighboring 21688 Gateway Drive — an 81,000-square-foot office building that was part of the former Gateway campus. The post Travelers Insurance Leases 42,000-Square-Foot Office in Los Angeles County appeared first on CommercialCafe.

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BBVA Grows Manhattan Footprint with New, 74,000-Square-Foot Headquarters

BBVA will be relocating and expanding its offices to Two Manhattan West — a 1.9-million-square-foot, Brookfield Properties-owned building near Penn Station. The firm will take up 74,000 square feet of office space across the eighth and ninth floors to accommodate its staff of roughly 350 employees currently running U.S. operations. The post BBVA Grows Manhattan Footprint with New, 74,000-Square-Foot Headquarters appeared first on CommercialCafe.

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Mullen Automotive Inks Lease for Orange County Warehouse

Mullen Automotive will occupy the former site of Kraft Heinz Lunchables in Fullerton, Calif. The company signed a five-year, triple-net lease deal with Link Industrial for a 121,615-square-foot warehouse at 1500 E. Walnut Ave. Negotiations on behalf of the landlord were conducted by a CBRE team consisting of Ben Seybold and Sean Ward. The lease rate was $2.01 per square foot. The post Mullen Automotive Inks Lease for Orange County Warehouse appeared first on CommercialCafe.

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$2 Billion Life Sciences Project Secures 1st Tenant

Janssen Supply Group, a subsidiary of Johnson & Johnson, has become the first occupant of a biopharmaceutical manufacturing facility in Holly Springs, N.C. This $2 billion project, developed by FUJIFILM Diosynth Biotechnologies (FDB), encompasses 1 million square feet and is expected to be fully operational by 2025. Located in the Triangle region and just 20 miles … The post $2 Billion Life Sciences Project Secures 1st Tenant appeared first on CommercialCafe.

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CommercialEdge Report Highlights Consecutive Waves of Maturing Debt Hitting Major U.S. Markets

A recent analysis by CommercialEdge of nearly 80,000 office properties in the United States, with a combined debt of $920 billion, revealed that 16% of all outstanding loans are expected to mature by 2024, with a second, larger wave of maturities totaling 33% by 2026. The majority of these maturing loans are located in major markets, with Manhattan, Class A properties, and urban areas leading the way. The post CommercialEdge Report Highlights Consecutive Waves of Maturing Debt Hitting Major U.S...

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CBRE Locks Down 2 New Leases at HS Capital’s Cypress Corporate Center in Fort Lauderdale, Fla.

HS Capital Fund secured two leases totaling 16,000 square feet at its newly renovated Fort Lauderdale, Fla., office space at the Cypress Corporate Center. One of them was for 6,166 square feet on the building’s fifth floor, which will be occupied by land-surveying consultancy firm Control Point Associates, while insurance brokerage Morgan Fidelity will move into a 9,906-square-foot office. The post CBRE Locks Down 2 New Leases at HS Capital’s Cypress Corporate Center in Fort Lauderdale, Fla...

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TEDCO Set for Move to New Headquarters in Downtown Columbia, Md.

TEDCO will occupy 9,258 square feet of space at 10960 Grantchester Way, leaving behind its current home at 7021 Columbia Gateway Drive. The move, which TEDCO had been building toward for more than a year, marks a downsizing from its previous 11,816-square-foot office as it adapts to a hybrid work model in the aftermath of the pandemic. If not for the early exit, TEDCO’s lease at 7021 Columbia Gateway would have expired in 2026. The post TEDCO Set for Move to New Headquarters in Downtown Colum...

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Coworking Landscape in Q3 2023: Insights & Trends

The rise of remote and hybrid work models, along with the increasing popularity of flexible work arrangements, has significantly contributed to the growth and expansion of the coworking industry. As a result, the demand for coworking spaces has soared, and coworking companies have emerged as key players in the modern work landscape. So, to provide … The post Coworking Landscape in Q3 2023: Insights & Trends appeared first on CommercialCafe.

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