Top news for real estate pros
Big Lots files Chapter 11, agrees to $620 million sale to Nexus Capital
Big Lots announced it entered into a deal with Nexus Capital Management in which it agreed to acquire substantially all the retailer's assets and ongoing business operations as a so-called stalking-horse bidder.
Artificial intelligence jobs surge, lifting office demand in these cities
About one-fifth of the nation's AI talent resides in the San Francisco Bay Area — a dominant tech hub — leading to a quarter of all office leases in downtown San Francisco being signed by AI companies, according to a report from CBRE.
Andreessen Horowitz's departure from Miami Beach office sparked bidding war, broker says
Andreessen Horowitz is leaving its 8,300-square-foot office space in Miami Beach, sparking speculation that high-end offices in the city may be losing some allure, while creating a bidding war among potential tenants, with Bausch + Lomb emerging as the winner.
IBM cancels deal with Hines as it nabs big office lease from Facebook's parent in Austin
IBM is set to take over Meta's 17-story, roughly 320,000-square-foot office space within The Domain in Austin, Texas, extending Meta's lease term from 2031 to 2040, with plans to begin moving "Austin-based IBMers into new, modern offices in 2026."
Long Beach turns to refurbished Queen Mary to help carry Olympic tourism in 2028
Long Beach, California, once considered sinking the Queen Mary, but the now-profitable ship and floating hotel is set to be a key attraction during the 2028 Los Angeles Olympics as part of the city's waterfront revitalization efforts.
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