Office

The annual rate of US commercial real estate price growth ticked up 1.4% in September.

Stuart Harris of PDR recently discussed what architecture firms foresee for the workplace of the future now that some companies have announced that employees can work at home forever or well into 2021.

300 Lakeside's buyer is a venture led by San Francisco-based TMG Partners, which entered into a long-term lease with Pacific Gas & Electric Company to relocate the utility's headquarters from San Francisco.

San Francisco, Indianapolis, Dallas/Ft. Worth, Philadelphia, Baltimore and San Diego have grabbed the most momentum.

Due to the dramatic decrease in travel, hotels could emerge as a favorite asset class to convert into apartments.

The company had been occupying the space under a sublease.

The company also cut its selling, general and administrative expenses, jettisoned "unnecessary systems," and right sized its labor force.

Following the pandemic, 64% of companies plan to increase remote work policies and 32% of companies will decrease their office footprint.