Marriott Opens New HQ, Turns Workstations Into Collab Spaces

USA – After over 2 years mostly working from home (WFH), hotelier Marriott International thinks that its US$600 million headquarters will lure employees back to the office, reported Reuters on Tuesday morning (20 September, SGT). On...

GIC Jointly Acquires NYSE-listed Property Investor For US$14bil

USA – Singapore’s sovereign wealth fund GIC has teamed up with property investment company Oak Street to acquire STORE Capital Corporation in an all-cash transaction valuing the REIT at US$14 billion, reported The Business Times...

Singapore’s GIC Jointly Buys Majority Stakes In 53 US Office Bldgs

USA – Singapore’s sovereign wealth fund GIC has teamed up with American commercial real estate player Workspace Realty Trust to acquire majority stakes in 53 suburban office buildings, reported The Real Deal on Monday evening...

US Office Market Shifts To Tenants’ Favour

USA – While asking rents across the country showed a marginal drop, it has become a tenant’s market as landlords are offering rental concessions, such as “free rent” periods and furnished office space, in a...

Lyft To Sublet Offices In San Francisco And New York

USA – Given that many of its staff are on flexible work arrangements, ride-hailing company Lyft Inc announced that it intends to sublease almost half of the space at its corporate offices in four major...

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