Regus to Launch Franchising Program

Workspace provider Regus, headquartered in the Dallas suburb of Addison, TX, launched its new U.S. franchising program. The company is looking for franchise partners to develop and manage co-working spaces, with states targeted including California, Florida, Illinois and Texas. Regus is also looking to aggressively expand in the northeast in New York, Pennsylvania, Virginia and

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AECOM Leases Space at Triton Towers Near Seattle

Hines and funds managed by Oaktree Capital Management LP signed a 23,700-square-foot lease with AECOM at Triton Towers in Renton, WA. The property consists of three, seven-story steel and concrete buildings, totaling 407,000 square feet at 707 S. Grady Way, roughly 13 miles southeast of Seattle. NKF’s Cavan O’Keefe, Mike Schreck and Tim O’Keefe represented the

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Spectra Trades One Utah Locale for Another

Spectra Benefits has relocated its headquarters from 11650 State St. in Draper, UT to a new headquarters facility in Sandy, UT. The relocation moves the group employee and retirement benefits firm to a 10,000-square-foot building at 75 W. Towne Ridge Pkwy., adjacent to the InContact Building. The reason for the move was because of “multiple

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Spokane’s Wonder Building Fetches Newest Tenant

Seattle-based Rover.com signed a lease for nearly 30,000 square feet in Spokane’s recently renovated Wonder Building. The nation’s largest network of 5-star pet sitters and dog walkers, leased the entire top floor and the western end of the second floor, and plans to move into the mixed-use property by May 2019. The Eastern Washington property,

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1M-SF American Airlines World Headquarters Up for Sale

Transwestern has been tapped to represent American Airlines Inc. in the sale of Campus Center at Dallas-Fort Worth International Airport. The three-building, 1,388,727-square-foot office campus on Amon Carter Blvd. is currently the American Airlines World Headquarters. Both American Airlines Inc. and American Airlines Federal Credit Union will relocate to a new, 1.8-milllion-square-foot headquarters campus, which

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Mindspace Plans First Location in U.S. at Hines’ D.C. Property

European-based Mindspace has opened its first coworking space in the United States at Hines’ One Franklin Square building in Washington, D.C. The space, which spans 31,000 square feet and can accommodate more than 500 members, will place extreme emphasis on high-end design and cater to larger enterprise company users. Mindspace’s Dan Zakai says, “We are excited

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Unico Completes $710M, 1.8M-SF Portfolio Deal in Denver, Seattle

Seattle-based Unico Investment Group LLC sold a 27-building portfolio of repositioned historic and newly- constructed office assets totaling 1.8 million square feet to Broad Street Principal Investments LLC, an affiliate of Goldman Sachs, for $710 million. The properties, collectively known as the Unico Partners I portfolio, are located in Denver and Seattle. Eastdil Secured’s Jason

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DFW Office Q2 2019: A Tale of Two Absorptions

According to DFW metrics released by various commercial real estate companies, Q2 2019 had positive job numbers, leading to positive office absorption, lower vacancies and an increase in the average asking rent rates. What was interesting to note was that Class A office space reported positive absorption in the second quarter, with “Class B and

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