Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
As demand for large blocks of office space along with new and top-tier space continues, availability will be quickly chipped away but Savills predicts leasing activity will increase next quarter.
In a deal that kicked off vertical construction and secured naming rights in 2017, Bank of America signed a lease to occupy a total of 210,000 square feet in six-and-a-half floors of the renamed Bank of America Tower.
The Offices Two at Frisco Station, a six-story 210,000-square-foot class-A office building at the corner of Cowboys Way and Gridiron Road, recently topped out and is slated for completion in October.
Mack-Cali says it intends to ask MaryAnne Gilmartin and Frederic Cumenal to join the Board immediately following the company's Annual Meeting on June 12.
The new leases, include the Heart House taking 9,450 square feet, Jefferson Health securing 7,700 square feet and AdvoCare committing to 3,100 square feet, which collectively bring the property to full occupancy.
Zynga expects to receive a net cash benefit of approximately $600 million this year from the transaction, in which Zynga will lease back space within the building and remain headquartered in San Francisco.
The goal of the project is to create a unique experience for shoppers and visitors through additional public spaces, walkability, retail, restaurants, entertainment uses and curated mixed use.