Strong Office Leasing Execution
Achieved the strongest office leasing year since 2019, signing more than 500,000 square feet of leases in Q3, bringing year-to-date leasing to 1.7 million square feet.
Positive Absorption in Office Segment
Achieved positive absorption in the office segment with occupancy at 75.9%, up 80 basis points sequentially.
AI and Technology Expansion Benefits
Benefiting from AI and technology company expansions, particularly in San Francisco and Seattle, which are driving demand for office space.
Strengthened Financial Position
Refinanced $285 million for Seattle office asset and amended credit facility, bringing total capital markets activity to over $2 billion with $1 billion liquidity.
Studio Demand Recovery
Sequential occupancy improvement in Hollywood studios despite broader production challenges.