Alibaba in talks to rent more office space in Seattle: sources
Seattle
ALIBABA Group Holding Ltd is in talks to rent more office space in the Seattle area, where founder Jack Ma first encountered the Internet while visiting the city two decades ago.
The Hangzhou, China-based e-commerce company is considering a sublease for almost 20,000 square feet (1,860 square metres) in City Center Bellevue, a 27-storey office tower east of Seattle, according to two people with knowledge of the discussions. The space could house about 100 employees. Alibaba last year began renting space in the landmark Decatur Building in downtown Seattle, where its lease expires soon.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co