Leasing

Two years of anticipated gridlock ease fears that political or economic policy changes will derail business expansion plans, setting the stage for further job creation and modest gross GDP growth, says Transwestern.

The WeWork competitor takes a full floor in its first rental agreement with SL Green.

One of the locations, One Vanderbilt, scheduled to open in August 2020, is now 52% leased.

DTLA IRL launched last week with a popular event that could serve as an example of what retail owners can do to drive consumer activity.

The current regional availability rate dropped to 9.27%, suggesting a positive near-term outlook for vacancy, including the 80% occupancy of the Joshua Green Building after URG moved into new HQ space.

The developer opens The Pearl on Wilshire with 75% of the property leased, highlighting the tremendous demand for housing in Koreatown.

The class A office space, high-lease rate, and superior leasing activity over the last 18 months made this purchase very attractive for M&J Wilkow and DRA, says JLL managing director Peter Harwood.

"Following the success of Metroplex One, we saw significant value in creating a striking and innovative ground-up development that could attract large, forward-thinking brands to the region," says Jerry Sweeney, president & CEO of Brandywine Realty Trust.