The urbanization of corporate America, and Apple’s new spaceship campus
Dec 6, 2013
Here are the news stories you might have missed this week:
The Wall Street Journal: Companies say goodbye to the ‘burbs
Big businesses across the country have begun abandoning their suburban campuses for new urban spaces as a way to attract and retain young, educated workers. Some companies plan to continue maintaining their suburban presence while also opening urban satellite offices, yet others are closing up shop and relocating the entire firm to nearby cities. To learn more about how these companies are using urban real estate to promote an image of dynamism and innovation, visit WSJ.com.
Commercial Observer: Multifamily sales surprisingly sluggish
The multifamily apartment building market in New York City continues to lag behind 2012 volume levels, with projected 2013 annualized property sales falling nearly 25% below the previous year’s total. While troubling, some experts remain unsurprised by these numbers given the impact capital gains tax policy had on volumes in 2012. Visit CommercialObserver.com for more information about the current state of the multifamily sector.
Silicon Valley Business Journal: Apple begins demolition at spaceship site, clearing way for new campus
Apple began work on its highly anticipated new “spaceship” campus that will transform a former Hewlett-Packard site into a 2.8-million-square-foot, donut-shaped building unlike any other in the world. But before anyone sees the so-called spaceship take form, the construction team must complete an expansive demolition project that some are calling bittersweet. To read more about Apple’s newest creation, visit BizJournals.com.
Houston Business Journal: Houston energy corporate campuses continue to expand amenities
Major energy companies in the south are renovating their campuses to create a more modern atmosphere, adding progressive amenities like running tracks, soccer fields, and multiple dining options. Last month, Phillips 66 broke ground on a more than one-million-square-foot campus in Houston, and other area companies, including Shell Oil Co., Chevron Corp., Exxon Mobil Corp., Anadarko Petroleum Corp., and BHP Billiton Petroleum are also currently involved in various stages of construction on their own modern campus’. To read more about this new trend, visit BizJournals.com.
Posted by: Raymond T. Cirz