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CommercialCafé released its top 50 priciest US office deals for 2019, indicating that history may well be on the way to repeating itself, with Oceanwide Center nabbed at $1 billion following the $1 billion Yahoo buy last year.
While the Bay Area led the nation in office-using services job growth at 5.2% in 2019, it will likely rank second in 2020 at 2.5%, edged out slightly by Austin's 2.6% growth, according to a CBRE report.
George Comfort & Sons, Inc.has completed a 15-year, 60,000-square-foot lease with Industrious at 135 West 50th St. in Midtown to premium workplace provider Industrious.
BioReference Laboratories is the firm's largest tenant leasing more than 227,037 square feet in Elmwood Park spread across four buildings in Alfred Sanzari Enterprises' portfolio.
KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.
East Palo Alto mayor Regina Wallace-Jones shared the city's history and a penchant for change during the 2020 CREW Network Winter Leadership Summit held last week in Santa Clara.
The plan calls for enacting 0.75% and 2% utility energy efficiency standards for natural gas and electricity, respectively, improving energy efficiency programs, adopting new clean energy and energy efficiency financing mechanisms and strengthening building and energy codes and appliance standards.