Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Who is Emily Attack dating?

    February 1, 2023

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023
    Facebook Twitter Instagram
    Trending
    • NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say
    • Who is Emily Attack dating?
    • Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices
    • Queen Camilla – Subtle lifestyle change in new role – Did you spot it?
    • 2023 National Signing Date Tracker: Jayden Rashada Chooses Arizona
    • Tech Titan Tarkan Maner Joins IGEL Board
    • How are risk assets and the USD shaping up ahead of the FOMC?
    • ED Calls on Organizations to Make Commitments to School Infrastructure and Sustainability
    Facebook Twitter Instagram
    robinandjasonparker.comrobinandjasonparker.com
    Demo
    • Home
    • Business

      Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

      February 1, 2023

      Exclusive: No dealings with US licensed companies, service does not involve military use: Chinese satellite company

      January 29, 2023

      Contemporary Womenswear Brand Rosso35 Gains More Momentum in the U.S. – WWD

      January 26, 2023

      Survey Shows More U.S. Companies Are Preparing for Job Cuts Amid Likely Recession

      January 23, 2023

      Stock Market | Stock Market FinancialContent Business Page

      January 14, 2023
    • Education

      ED Calls on Organizations to Make Commitments to School Infrastructure and Sustainability

      February 1, 2023

      SAT and ACT aren’t as important as you think

      January 29, 2023

      “The American Dream Is Alive and Well Here in Montana”

      January 26, 2023

      USM alumni continue striving to become Superintendents in Mississippi’s top school districts

      January 23, 2023

      Constitutional Amendment Abolishes State Boards of Education

      January 13, 2023
    • Entertainment

      Who is Emily Attack dating?

      February 1, 2023

      Carmen Electra poses in metallic bikini for sexy throwback photo: IG – SheKnows

      January 29, 2023

      Warner Music Group Releases 2022 Annual ESG Report

      January 26, 2023

      New Holiday Favorite, Whipshots™ Will Ship Over 60,000 Cases In Q4 2022

      January 23, 2023

      Who is Miss Mexico 2022 Irma Miranda?

      January 14, 2023
    • Fashion

      Resale-only Archive Secures $15 Million | Fashion and Retail News

      December 6, 2022

      Good Fashion Fund’s US$4.5 million investment has economic, environmental and social impact

      December 6, 2022

      Closet Cycle Launches Peer-to-Peer Fashion Rental Platform in US

      December 6, 2022

      Osebo The Zara Man: Five Times Wealthier Fashion Entrepreneur Gives Us Timeless Fashion Sense

      December 6, 2022

      Shop Gigi Hadid’s outfit for the latest installment of Vogue’s 7 Days 7

      December 6, 2022
    • Health

      Medical student mentor Jack Yates high school student

      November 26, 2022

      COVID has infected 94% of people and herd immunity is higher than it was a year ago

      November 26, 2022

      COVID has infected 94% of people and herd immunity is higher than it was a year ago

      November 26, 2022

      Thanks to strokes and health crises?Another Thanksgiving Weekend Column – Terry Pluto’s Faith and You

      November 26, 2022

      US FDA, Health Canada and UK MHRA jointly identify 10 guiding principles to help develop good machine learning practices (GMLP)

      November 25, 2022
    • How to

      How are risk assets and the USD shaping up ahead of the FOMC?

      February 1, 2023

      Protesters Across US Condemn Police Brutality After Tyre Nichols Death

      January 29, 2023

      $18 A Dozen: How Did America’s Eggs Become So Expensive? | | US News

      January 26, 2023

      Anna Walshe’s mother asks Massachusetts police for ‘official information’ on daughter’s disappearance

      January 23, 2023

      Harvard teaches medical students how to deal with ‘LGBT toddlers’

      January 13, 2023
    • Life Style

      Queen Camilla – Subtle lifestyle change in new role – Did you spot it?

      February 1, 2023

      Is the fall getting out of control?Many consumers say yes

      January 29, 2023

      Ultimately, maintaining your zest for life and having hope is associated with better health.Method is as follows

      January 26, 2023

      The Westbury Museum, a luxury fashion lifestyle brand, highlights collections of art, furniture and fragrance.

      January 23, 2023

      American Contender Tournament 2023

      January 13, 2023
    • Sports

      2023 National Signing Date Tracker: Jayden Rashada Chooses Arizona

      February 1, 2023

      Purdue vs Michigan State Live Stream, Watch Online, TV Channels, Predict, Picks, Spreads & Odds

      January 29, 2023

      ‘DoorDash Driver’ is an apparent social media stunt that steps onto the court during a Duquesne vs. Loyola Chicago game

      January 26, 2023

      German captain sport rainbow armband at world cup

      January 23, 2023

      Sports Digest: Jeri Leung scores two goals as Mariners beat Norfolk 3-2

      January 14, 2023
    • Tech

      Tech Titan Tarkan Maner Joins IGEL Board

      February 1, 2023

      How Process Mining Women Are Powering AI and Hyper-Automation

      January 29, 2023

      Health Tech: People Power

      January 26, 2023

      Apple to increase lobbying spending in 2022 to outperform peers

      January 23, 2023

      wipro: Tech services industry overall outlook remains strong: Wipro CEO Thierry Delaporte

      January 14, 2023
    • Travel

      NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

      February 1, 2023

      Movies that make you want to travel the world

      January 29, 2023

      X-Border Travel Increases Mastercard Spend

      January 26, 2023

      Are these tickets worthless now that the hurricane is approaching?

      January 23, 2023

      The ups and downs of travel in 2022

      January 14, 2023
    • World News

      Missing Radioactive Capsule Found In Outback Australia After Extensive Search World News

      February 1, 2023

      Live Stream: ICC Women’s Under-19 T20 World Cup Final | Cricket News

      January 29, 2023

      World’s oldest person Maria Branyas Morella recommends staying away from ‘toxic people’.world news

      January 26, 2023

      Biden Names Jeff Zientz as Next Chief of Staff | World News

      January 23, 2023

      Ukraine War Diaries: Using Comedy to Deal with War | World News

      January 14, 2023
    robinandjasonparker.comrobinandjasonparker.com
    Home»Business»Office space deals near big U.S. cities bet on suburban lifestyles and remote work
    Business

    Office space deals near big U.S. cities bet on suburban lifestyles and remote work

    admin4By admin4August 29, 2022No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    See what people are clicking on at FoxBusiness.com.

    One of the world’s largest sovereign wealth funds and its US partners are buying majority stakes in 53 suburban office buildings in a deal valued at $1.1 billion.

    Singapore’s GIC Pte. The company is investing in the building with Workspace Property Trust, a privately held commercial real estate firm based in Boca Raton, Florida, according to people familiar with the matter. The deal nearly doubles Workspace’s holding to approximately 18 million square feet. Many of the newly acquired buildings are concentrated around the Atlanta, Dallas and San Francisco Bay Areas.

    Career kicker: How reading body language can give you an advantage at work

    The suburban office sector has been hit hard by the pandemic. Vacancy rates soared in his 2020 and 2021, and some properties have lost so much value that developers are tearing them down to make way for warehouses and apartments.

    Workspace and GIC are betting that demand for well-located, high-end, modern suburban offices will grow as more businesses seek locations closer to where their employees live. More Americans are working from home at least part of the week, and some companies are looking to add spaces that allow employees to return to the office without having to commute far.

    Workspace co-founder and CEO Thomas Rizk said:

    Scottsdale, Arizona

    Downtown Scottsdale and suburbs of Phoenix, Arizona with the White Tank Mountain Range in the background (iStock/iStock)

    Suburban office properties have recently suffered less than some central business districts, where vacancy rates are at record levels. According to CBRE Group Inc., US downtown office vacancy surpassed suburban office vacancy in the second quarter for the first time in decades. Said.

    Many suburban office buildings are outdated, but big financial institutions still want to invest in fully-occupied luxury properties, said co-head of Newmark Group’s Debt, Equity and Structured Finance Group. said Jordan Roeschlaub. .

    Rizuk said vacancy rates in suburban offices are kept high by older buildings in poor locations. Rents are rising for modern properties near residential areas, shops and restaurants, he said.

    Rents weighing on Residents of Jersey City, Boston and Palo Alto

    When Workspace launched in 2015, Rizk said it was difficult to raise the money to buy a suburban office. At the time, many businesses were ditching sprawling, leafy office parks and moving to cities, and investors were interested in buying office towers in places like Manhattan and downtown San Francisco.

    But since the pandemic began, the sector has attracted new funding. Last year, Workspace acquired his $326.5 million investment from Oak Hill Advisors’ real estate division.

    CLICK HERE TO GET THE FOX NEWS APP

    JPMorgan Chase & Co. and the Bank of Montreal are funding the transaction, which closed on Friday. The seller, Griffin Realty Trust Inc., holds a minority stake in the building.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    admin4
    • Website

    Related Posts

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023

    Exclusive: No dealings with US licensed companies, service does not involve military use: Chinese satellite company

    January 29, 2023

    Contemporary Womenswear Brand Rosso35 Gains More Momentum in the U.S. – WWD

    January 26, 2023

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Covid Vaccines Not Linked to Deaths, Major US Study Finds

    January 5, 2020

    U.S. Senate passes $1.5 trillion gov’t funding bill with Ukraine

    January 6, 2020

    France’s Largest Business Summit to Conclude

    January 7, 2020
    Don't Miss
    Travel

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    By admin4February 1, 2023

    Getty Images Wednesday night’s game between the Detroit Pistons and the Washington Wizards in Detroit…

    Who is Emily Attack dating?

    February 1, 2023

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023

    Queen Camilla – Subtle lifestyle change in new role – Did you spot it?

    February 1, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    This website provides news about Travel, Tech, and many more. It is regularly updated and gives us trending news all over the World.
    We're accepting new partnerships right now.

    Email Us: info@example.com
    Contact: +1-320-0123-451

    Facebook Twitter Pinterest YouTube WhatsApp
    Our Picks

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Who is Emily Attack dating?

    February 1, 2023

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023
    Most Popular

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Covid Vaccines Not Linked to Deaths, Major US Study Finds

    January 5, 2020

    U.S. Senate passes $1.5 trillion gov’t funding bill with Ukraine

    January 6, 2020
    © 2023 ThemeSphere. Designed by ThemeSphere.
    • Home
    • About us
    • DMC
    • Contact us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.