New Joint Venture in Westwood
Formed a new joint venture to acquire a 17-story, 247,000 square foot office building and adjoining residential development site in Westwood. The total investment is estimated to be $150 million to $200 million over a three to four year period.
Record Office Leasing Activity
Signed 876 office leases totaling a record 3.8 million square feet for 2024, averaging 945,000 square feet per quarter.
Strong Residential Portfolio Performance
Residential portfolio remained essentially fully leased at 99.1% with good demand.
Rebound in Demand from Larger Office Tenants
New leasing demand from tenants over 10,000 square feet improved in Q4 and is now back to pre-pandemic levels.