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A refinanced office complex benefits from not only favorable market dynamics but also organic growth from existing tenants such as Google which are drawn to the building's central location and amenities.
Investors have shown strong interest in Federal Way and the surrounding South King County locations, not only driven by the growth of the Seattle core but also Kent Valley, the Port of Seattle and Tacoma.
Redevelopment experts who spoke at the NJ Future Redevelopment Forum say new tools are needed to determine how to prioritize infrastructure investments in cities, towns and regions, so that businesses and jobs can grow.
Orchard Corporate Center, a fully occupied 101,374-square-foot class-A office/R&D campus in North San Jose, was sold by its developer, South Bay Development Company, to a private investor.
Knock focuses on building a CRM and analytics platform to minimize tenant turnover and maximize NOI in this competitive environment, and recently raised $10 million in Series A funding to fuel growth.
Carrying occupancy growth into the first quarter, nine new office leases totaling 212,355 square feet have been inked recently at Bishop Ranch, with the majority from firms moving from other Bay Area markets.