Leasing

Large blocks of contiguous office space are disappearing from the L.A. market, thanks to a spike in demand from new media companies.

Chipotle has moved from the New York location as part of consolidating offices, following its decision to relocate company headquarters from Denver, CO to Newport Beach, CA.

Flexible workspaces are in particularly high demand in the San Francisco market as evidenced by Knotel's two new office leases totaling 62,979 square feet that hit the books in recent weeks.

Record vacancy rates in Orange County also meant flat leasing activity, thanks to the extreme lack of supply.

The four-story building on 16 acres in the heart of New Jersey's biopharma hub drew spirited interest from prospective buyers, says Cushman & Wakefield.

All signs point to significantly more flex space in up-and-coming Austin and others in between as JLL's Markets to Watch in 2019 reveals the top 10 US markets poised for rapid growth this year.

The Edmonton, Canada-based firm inked a lease for 46,668 square feet of space at the building owned by Nordblom Co. and institutional investors advised by J.P. Morgan Asset Management.

The newly added 16 attorneys will focus on real estate law and litigation.