Leasing

The Northern California office market posted 968,301 square feet of positive net absorption in the third quarter, the eighth consecutive quarter of positive absorption, driven by quality transit-oriented spaces, according to a NKF report.

The project, which is scheduled to be completed in November 2020, has already secured a 130,000-square-foot lease with global private market asset management firm Hamilton Lane, which will begin occupancy of its space at the property in 2021.

The new mixed-use project will feature a host of on-site tenant amenities, including an elevated outdoor courtyard with gardens and a sun balcony, a 1,500-square-foot fitness center and a resident lounge.

Small office users have historically driven leasing activity in Los Angeles, but the booming tech market is changing that.

Caydon launched the ultimate Black Friday deal at Drewery Place, where future residents can save up to $15,000 on an apartment in the first high-rise residential tower in Midtown Houston.

Small and local retail tenants are starting to kick tires as they become attractive to landlords who were once interested in leasing to national tenants.

The Chicago office is the latest in a series of expansion announcements in major cities for Qualtrics, which recently announced Qualtrics Tower in Downtown Seattle and a large expansion in Dublin, Ireland.

Commercial brokerage firm CBRE reports that the firm, which specializes in commerce fulfillment, omni-channel distribution and reverse logistics, has committed to an industrial lease of 249,853 square feet at the property.