Leasing

San Diego office absorption was negative again in the third quarter, falling by an additional 429,281 square feet compared to quarter two.

New York developer Michael Shvo and Deutsche Finance America along with German pension fund Bayerische Versorgungskammer completed a previously announced acquisition from Aegon NV.

Before the pandemic, multifamily demand outpaced demand, and the problem has only been exacerbated by the pandemic.

The company has leased 196,000 square feet of space at Boston Properties' 1.1-million-square foot-development within Reston Town Center.

Larger apartment owners have had better rent collections than smaller mom-and-pop owners.

Life Time, a top athletic resort brand, combines residential, wellness and co-working space at a 1.2 million-square-foot project.

New lease provision are pushing for a percentage of the rent to be based on gross sales so that in the event of more business closures, rents are reduced.

Tenants are beginning to show interest in lease renewals, but other fundamentals show the market continues to struggle.