Ivanhoé Cambridge CEO Daniel Fournier and WeWork CEO Adam Neumann (Credit: Getty Images and Ivanhoé Cambridge) The We Company’s latest play has been revealed: become its own landlord. The $47 billion flexible-office space startup has launched a private real estate investment arm, ARK, which will buy property and fill it with WeWork services for its […]
Media moves: The Hollywood Reporter, Billboard relocate to Beverly Hills
Modi Wiczyk and Asif Satchu with a 100 North Crescent rendering Billboard-Hollywood Reporter Media Group and Dick Clark Productions have inked a lease to occupy 118,000 square feet in a Beverly Hills office building, The Real Deal has learned. Eldridge Industries, a private equity investment firm, owns the building at 100 North Crescent Drive. The […]
Big-box store closures in Q1 clear out retail space in LA: report
An empty big-box store (Credit: iStock) The big boxes of Los Angeles are emptying out. The city has an increasing amount of vacant retail space, in large part because of some major big-box store closures, according to a new report from CBRE. Those stores were the latest victims of the ever-expanding e-commerce industry. Overall, the […]
Human rights watchdog has Manhattan lease denied… by the Chinese government?
88 Pine Street (Credit: Google Maps) Human rights watchdog group Amnesty International U.S.A. was ready to join the lower Manhattan office leasing wave — until the Chinese government said no. Amnesty International was about to sign a lease for its new headquarters at 88 Pine Street in the Financial District, also known as Wall Street […]
Starwood’s $500M Opportunity Zone fund is buying in LA
Starwood Capital’s Barry Sternlicht, Holland Partner Group CEO Clyde Holland, and a rendering of 550 Harborfront Starwood Capital Group is taking its Opportunity Zone fund to San Pedro. The Miami Beach-based firm has teamed up with Holland Partner Group on a 375-unit apartment building that Holland is developing at 550 S. Palos Verdes Street in […]
Inside San Francisco’s office market: Developers win “beauty contests” and lease entire buildings within months
John Buck and a rendering of his firm’s Park Tower at Transbay project Office developers in San Francisco are finding they can lease the majority of their office properties well before they break ground, and in some cases, before they even get permits to build. The trend is a product of high demand from growing […]