The San Diego Monthly Employment Report (August 2017 to September 2017) shows increases in the civilian labor force and employment and a decrease in the unemployment rate.via San Diego unemployment decreases to 4.1% in September; down 1,300 jobs | San Diego Workforce Partnership
Irvine Co. of Newport Beach has acquired the two-building Township 14 office property in Del Mar Heights, marking its first acquisition in that submarket of San Diego’s Carmel Valley.
Irvine Co., the San Diego region’s largest office property owner, did not immediately disclose the purchase price. The buildings, totaling 127,000 square feet at 12670 and 12680 High Bluff Drive, were acquired from an affiliate of Nuveen, the investment management arm of New York-based TIAA-CREF, which purchased them in 2011 for $29.5 million, according to CoStar Group data.
The San Diego Monthly Employment Report (July 2017 to August 2017) shows an increase in the civilian labor force, a decrease in employment and no change in the unemployment rate.via San Diego unemployment remains at 4.7% in August; up 3,200 jobs | San Diego Workforce Partnership
Over the last week or so I have read countless articles outlining how different municipalities are positioning themselves for the second corporate headquarters for Amazon. The e-commerce giant has issued a request for proposal stating that it will consider cities with more than a million people, a tech savvy workforce, a business friendly environment and the ability to “think big and creatively when considering locations and real estate options.”.
According to its request for proposals, Amazon will consider:
- Existing buildings of at least 500,000-plus square feet to start, meeting the core requirements and that are expandable or have additional options for development nearby.
- A greenfield site of approximately 100 acres certified or pad ready, with utility infrastructure in place (the Qualcomm site could accommodate). The sites do not have to be contiguous, but should be in proximity to each other to foster a sense of place and be pedestrian-friendly.
- Other infill, existing buildings, including opportunities for renovation/redevelopment and greenfield sites.
- Sites within 30 miles from a “population center,” within 45 minutes from an international airport, no more than 2 miles from major highways or arterial roads, and with access at the site to mass transit, which Amazon describes as “direct access to rail, train, subway/metro, bus routes.”
The competition will be cutthroat, as municipalities compile incentives of all kinds to lure Amazon their way. Amazon’s HQ2 could eventually employ in excess of 50,000 employees, and spanning over 8 million square feet by 2027, and costing over $5 billion.
Already, Baltimore, Chicago, Philadelphia, Dallas, Houston, New York, Toronto, Sacramento, and of course San Diego are among the municipalities expected to submit bids.
My law firm clients often ask, “How are AMLAW 100/200 firms are designing their office…” as they are also concerned about efficiency, retention, and recruiting – not to mention partner profits. The following link provides some insight as to how Fish and Richardson have set up operations to service their global footprint from a single Administrative Hub. via Fish & Richardson Offices – Minneapolis – Office Snapshots
Global drugmaker Eli Lilly and Co. has more than doubled its footprint in San Diego with a $90 million expansion of its Lilly San Diego Biotechnology Center. via Eli Lilly’s $90M Expansion Doubles Co.’s Local Footprint | San Diego Business Journal
Emotion intelligence is an interesting topic, one I have heard emphasized more over the last ten years. This an interesting article (quick read) outlining the importance of having emotional intelligence and how it effects leadership, and the benefits to the organization.