Office

Portland was one of the nation's biggest movers as it jumped five spots to number 16 in the list of top 50 tech talent markets, a result of the city's recent tech expansion, according to a recent study by CBRE.

Howard Hughes will execute a transformation plan led by new executive leadership, a $45 to $50 million annual reduction in overhead expenses, the sale of $2 billion of non-core assets and a headquarters move to The Woodlands.

CBRE in its third quarter office report states that new office development is now forecast to be just below 2.5 million square feet by the end of 2020.

In its bankruptcy filing, Destination Maternity will commence to shutter no fewer than 175 locations by Oct. 28 and no fewer than 35 additional locations by Nov. 1.

Through what the city terms is a groundbreaking collaborative by government, businesses, philanthropies, and community leaders, the city will align more than $750 million in already allocated funding to the South and West Sides over the next three years.

The parcel, also known as the western portion of Block A, encompasses approximately 2.18 acres, with base development capacity of nearly 1,100 residential units and 1.7 million square feet.

As some co-working operators face challenges, one company sees an uptick in tenant and landlord interest.

OwnBackup, which has secured nearly $50 million in funding—including a $23.25 million Series C raise earlier this year—has doubled its workforce every year since 2016.