Colliers has been awarded the exclusive leasing assignment for 601 City Center, located in Oakland’s downtown. The firm has been hired by the new owner, Kennedy Wilson, to lease the property’s 24-story, 607,000-square-foot office tower. EVPs Charlie Allen and Anthony Shell and SVP Amber Merrigan will lead the marketing efforts.

“We’re excited to reintroduce Bay Area companies to this exceptional office tower,” said Allen. “Its new construction and upgraded design features, including a double-glazed glass curtain wall and illuminated exterior, make it an outstanding option for companies seeking a distinctive new home. We can accommodate a large contiguous block of approximately 260,000 square feet or professional suites starting at 5,000 square feet.”

Built in 2019, the Class A tower is the first high-rise office building constructed in the city in roughly a decade. Kennedy Wilson acquired it in April through foreclosure, according to published reports.

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Dallas-based Lincoln Property Co. is diving deeper into the brokerage business. 

Courtesy of AGpicture

Lincoln Property Group’s Executive Managing Director of National Brokerage Tyler Courtney.

The firm, known for development and property management, hired Tyler Courtney to to bulk up its leasing services. Courtney until recently led Cushman & Wakefield’s Atlanta office and will now be Lincoln’s executive managing director of national brokerage, a newly created role. 

“Lincoln already has a significant portfolio of assets that we lease throughout the country and our goal is to grow our third-party portfolio,” Lincoln co-CEO David Binswanger said in a statement. “Tyler will help strengthen Lincoln’s national brokerage platform and support the growth of our local leasing teams in markets that are aiming to expand and scale their service offerings.”

Courtney started the job Monday and will work out of Lincoln’s Atlanta office, CoStar reported. He told the publication that he planned to spend the next few weeks traveling to Lincoln’s major markets — Dallas; Washington, D.C.; Boston; Chicago and Charlotte, North Carolina — to meet with local executive leadership and begin recruiting brokers to the business. 

Courtney had been with Cushman & Wakefield since 2009. He began with a focus on tenant representation and climbed the corporate ladder to become the firm’s managing principal for Atlanta.

In that role, Courtney oversaw more than 500 staff and was responsible for Cushman & Wakefield’s strategic direction and business development in Atlanta. Courtney told CoStar that leaving the brokerage was the hardest decision of his career. 

“I was drawn to Lincoln because of the firm’s entrepreneurial spirit, which allows our teams to be nimble and respond efficiently to the current market conditions,” he said in a statement. 

Lincoln’s management and leasing portfolio spans 562M SF across the U.S., United Kingdom and Europe. The firm has built more than 164M SF of commercial space since its inception in 1965 and has another $19.5B in its active development pipeline. 

Courtney is especially interested in expanding Lincoln’s agency leasing services in the industrial sector, where the glut of pandemic-era construction has shifted the market more in tenants’ favor, he told CoStar. Lincoln could also explore building its presence in the office, healthcare, medical office, retail and data center sectors, Courtney said. 

Lincoln’s decision to expand its dedicated brokerage business comes as real estate services providers expect both the leasing and sales markets to accelerate through the back half of this year and into 2026. 

Top executives at brokerages are predicting that anemic activity over the last two years and the billions in capital sitting on the sidelines will translate into more activity. But those predictions largely came before President Donald Trump kicked off a bruising trade war, and it remains to be seen how corporate leaders will react to the newly injected economic uncertainty.

“We’re all experiencing this major whiplash,” Julie Workman, real estate attorney and partner at Chicago-based law firm Saul Ewing, told Bisnow in early March. “What’s true today might not be true tomorrow, and it might not even be true tonight.”

CORRECTION, APRIL 14, 3 P.M. ET: Lincoln Property Co. hired Tyler Courtney to expand its existing leasing business. 

Cushman & Wakefield has hired Julie Rice as a director of laboratory planning, based in San Francisco. Rice will plan facilities infrastructure to support the laboratory environment and expand the firm’s relationship between third-party life science clients and the firm’s internal life science team.

Rice has more than 30 years of experience in the Bay Area biotechnology industry in addition to 10 years of experience in laboratory and facilities management. Her work includes laboratory operations as well as business operations specifically within biotech, supporting companies who have been focused on small and large molecule drug discovery, cell and gene therapy, genomics and AgBio.

“We are thrilled to welcome Julie to our team,” said Jason D’Orlando, Cushman & Wakefield’s Americas life & technology science lead. “With her extensive expertise in laboratory operations and facilities management, Julie brings invaluable insight to our organization. Julie’s arrival marks an exciting chapter for our life sciences division as we continue to drive innovation and support the growth of our clients in this dynamic industry.”

Leaders From Rialto Capital Management, AEW, CIM, Rexford Industrial, EQR and Cushman & Wakefield come together on the Capital Markets panel at Connect Los Angeles 2024 on May 1 at the InterContinental in DTLA. Register now to hear from these industry experts and more.