Champion Real Estate Investment Trust will buy office space in Citibank Plaza from Hong Kong’s government for HK$2.16 billion ($278 million), consolidating its ownership of the city-center office complex.
Leasing by San Francisco-area technology firms is slowing just as developers are poised to add 6.5 million square feet of office space to the city and Silicon Valley, the most construction in a dozen years.
With Norway finally starting to feel the pain from Europe’s debt crisis, the oil-dependent country is looking for ways to diversify its economy, and -- surprise -- tech has emerged as a promising area of development.
Forget the old boy’s club. Groups like the Brazen Hussies, Power Bitches and SLUTS -- aka Successful Ladies Under Tremendous Stress -- are where today’s hot deals are being brokered and they’re strictly girls-only.
Verizon Communications Inc., the second-largest U.S. phone company, will sell or lease out about half the space in its Manhattan headquarters, part of a move to cut costs and raise cash in a rebounding real estate market.
Seeking to hedge against rising rents and a shortage of space, banks and insurers are on a record spree of buying office buildings in Hong Kong, where occupancy costs are the second-highest in the world.