Connect for March 2015 - Highlights from top U.S. Technology & Media Markets

March 2015 - Highlights from top U.S. Technology & Media Markets

Rija Beares is a regular contributor to CONNECT and an expert in the Philadelphia Suburban Technology & Media industry. Contact Rija at +1 610 251 5153 to discuss the Philadelphia Suburban market or your company's real estate needs.

	ATLANTA

	Cloud provider N3 leases additional 18K sq. ft., plans to grow to 90K sq. ft. by year end and add 250 jobs		Atlanta-based anonymous messaging service YiK Yak has raised a reported $62 million		Pindrop Security raises $35 million from Andreessen Horowitz, plans to add 100 jobs

	AUSTIN

	Pivot3 and Volusion position themselves for IPOs in 2015 joining Upland Software and Q2 Holdings, which went public in 2014		Online product rating company Bazaarvoice breaks ground on new 138,000 SF corporate headquarters		Report names Austin among 5 cities poised to become Silicon Valley rivals

	BALTIMORE

	Baltimore ranked 12th in the U.S. among the best cities for women in tech, with 29.4 percent of tech jobs held by women		Under Armour goes high-tech, unveils HTC Grip, a smart fitness tracker powered by the company's fitness app, UA Record		Johns Hopkins opens second FastForward business incubator in East Baltimore

	BELLEVUE

	Valve Software announces new VR headset, SteamVR, to dubut at March Game Developers Conference		Intellectual Ventures licenses portfolio of tech patents to Ford Motor Co.		Expedia considering new headquarters outside of downtown Bellevue

	BOSTON

	Acquia relocates from Waltham to 73,000 SF in downtown Boston, LogMeIn leases additional 118,000 SF in the Seaport District		44 Boston-based tech companies are in the IPO pipeline, including ActiFio valued at over $1 billion		Average asking rents in Downtown Boston grew for the ninth consecutive quarter, reaching the highest point since the end of 2008 and ending 2014 at $49.95

	CAMBRIDGE

	Seven Harvard alum CEOs took their companies public last year, more than any other business school		Cambridge office market saw rents continue to soar in Q4, up $2.17 per sq. ft. quarter-over-quarter to $58.26 per square foot		Belfast mobile encryption startup SaltDNA receives funding and relocates HQ to Cambridge

	CHICAGO

	Gift card trading platform Raise raises $56 million from New Enterprise Associates, most active venture firm in 2014		Online job search company CareerBuilder expands into 47,466 SF at 200 N. LaSalle		In Q4, Chicago office space was absorbed at the fastest pace in seven years and vacancy hit a new five year low

	DALLAS

	Media giants A.H. Belo and The McClatchy Co. partner with incubator and VC firm Matter to support local startups		Office rent growth sets record in 2014 and absorption grew at the fastest pace since 2006		Report names Dallas among cities poised to become tech hubs rivaling Silicon Valley

	DENVER

	Boulder-based fiber network provider Zayo buys rival Latisys for $675 million		PayPal rival, WorldRemit opens U.S. headquarters and raises $100 million		Milken institute study ranks Denver 12th best performing metro area in U.S. for jobs and tech

	LOS ANGELES

	Uber launches UberPool carpooling service in Los Angeles, joining San Francisco and New York		Google buys 12 acres of land in Playa Vista next to Howard Hughes' Spruce Goose hangar		Snapchat seeks new funding that would bump value to $19 billion

	NEW YORK CITY

	Media investment firm GroupM leases 515,456 SF at 3 World Trade Center		Advertising technology firm PulsePoint considers possible sale, seeks $400 million offer		WeWork leases 240,000 SF in largest deal of 2015 so far, taking 6 floors in former Goldman Sachs building

	ORANGE COUNTY

	Emulex to be acquired by Avago Technologies for $606 million or $8 per share in all cash deal		Broadcom purchases land for new 1.1 million square foot headquarters in OC's Great Park, will move in 2017		Orange County ranks second in the U.S. for number of high-tech clusters

	PALO ALTO

	New study says Silicon Valley isn't the promised land for women in technology		Palo Alto considers limiting office building development, weighs concerns of tech industry		International developers flocking to Silicon Valley, backed by Wall Street investors

	PHILADELPHIA

	Study shows continued tech job growth but more jobs needed to retain local tech talent		Wealth planning software provider eMoney acquired by Fidelity for over $250 million		Entrepreneur boot camp planned for Philly Tech Week 2015, from April 17-25

	PORTLAND

	Transit app maker GlobeSherpa adds two more major cities to client list		The Central Business District continues to see a plunge in vacancy as it dips below 9% for the first time since Q2 2009, ending the quarter at 8.8%.		Portland startups play musical chairs with office space in tight downtown market

	RALEIGH-DURHAM

	Raleigh named top spot for IT tech workers by InformationWeek		Startup banking software company nCino raises $29 million in a Series Bround of financing		Google Fiber planned for Research Triangle Park, second location after Austin, TX

	SAN DIEGO

	San Diego tech ecosystem reaching a tipping point, thanks to entrepreneur network		San Diego Tech Coast Angels sets records for both investments and exits in 2014		San Diego’s average asking office lease rate was the highest recorded since 2009 and within 7.3% of the 2008 peak

	SAN FRANCISCO

	A record seventeen leases for more than 100,000 square feet each were signed in 2014, 87% of them by tech tenants		Grocery delivery company Instacart raises $220 million in funding, bringing total to $275 million		Uber to add 40,000 SF to Market Street location and is in talks for an additional 175,000 SF

	SAN JOSE

	Silicon Valley's top venture funding deals in Q4 topped by display maker Prysm with $145 million raised		Chip maker eASIC hopes to raise $75 million in first Bay Area tech company IPO filed this year		Asking office lease rates increased for the 17th consecutive quarter, up 3.3% to $3.78,highest rate since 2001

	SANTA MONICA

	East Coast based search advertising company, HookLogic, sets up shop in Santa Monica		Santa Monica based shared workspace provider Cross Campus opening second location in Pasadena		Study names Santa Monica as 3rd best place to start a business globally, following San Francisco and Tel Aviv

	SEATTLE

	Facebook leasing additional 274,000 SF in Dexter Station to house up to 2,000 employees		Seattle poised to rival Silicon Valley as tech hub with VC investments doubling in 2014		Leases to tech tenants accounted for nearly 3 million square feet, or 40% of the new leasing activity in the Puget Sound region

	WASHINGTON, DC

	Chevy Chase, MD based WeddingWire goes global with acquisition of Spain-based Wedding Planner.		160 tenants were looking for a total of 10.2 million square feet of space in January, up from 120 tenants a year earlier		ScienceLogic raises $43 million in venture capital from Goldman Sachs, plans to hire 80 additional employees

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