Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
Guardian Life Insurance Co. of America acquires the equity interest in Lowe Enterprise Investors, and senior management retains a 20% stake in the company.
CBS will also retain office space for CBS Studios International's US headquarters and other company departments currently housed on the Television City site.