International real estate firm Hines plans to develop a new office-led, mixed-use tower at 110 10th St. in the heart of downtown Miami, FL. Hines expects to commence construction in the second quarter of 2018, with an anticipated initial occupancy date in the late 2020 or early 2021. Set to rise within the 27-acre Miami
F5 Networks, Inc. a computer and data processing company, signed a 14.5-year office lease for 515,000 square feet at the in-development office tower rising at 801 5th Ave. in Seattle, WA. The 48-story, 528,000-square-foot office building will sit atop the 19-story SLS Hotel with F5 Networks occupying floors 20 thru 48. Construction is expected to
The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010. Total net absorption in the US office market slipped approximately 9% from the same period a year ago as developers added an additional 19 million square feet of new office space across
Tokyo-based Mori Trust Co, Ltd. has established a US subsidiary and kicked off its overseas investment business with a deal to buy two office buildings in Boston. The trust is looking to invest up to $ 7 billion overseas. “We set investments in overseas real estate as a key business strategy [last summer] in an
Bank of America will close a back-office facility in a Sacramento, Calif., suburb and outsource some of the office’s employees. American Banker
