CBRE in its third quarter office report states that new office development is now forecast to be just below 2.5 million square feet by the end of 2020.
In its bankruptcy filing, Destination Maternity will commence to shutter no fewer than 175 locations by Oct. 28 and no fewer than 35 additional locations by Nov. 1.
OwnBackup, which has secured nearly $50 million in funding—including a $23.25 million Series C raise earlier this year—has doubled its workforce every year since 2016.
Anpac Bio, which signed a 6,724-square-foot lease at the Montgomery County complex, will be joining a list of life science tenants at the campus, including Jefferson Institute Bioprocessing, among others.
Property benefits include a HUD Project-Based Section 8 contract for rental assistance and HPD Article 11 regulatory agreement, a tax incentive for new construction or rehabilitation of affordable housing.