On Thursday, Shares of Netflix, Inc. (NASDAQ:NFLX), gained 6.84% to $117.66.
Netflix and Hudson Pacific Properties (HPP) declared a contract in which Netflix will lease a noteworthy portion of the ICON office tower at Sunset Bronson Studios.
The growing Southern California staff of Netflix is predictable to occupy 200,052 square feet at ICON, part of a nearly $200 million creative office development presently under construction along Hollywood’s thriving Sunset Corridor. The deal is the largest office lease signed to date in Hollywood in terms of square feet.
The planned move of the Netflix Southern California office comes as the Internet TV company ramps up original production in Los Angeles and surrounding communities. Among the Netflix originals shot in or near Los Angeles are Arrested Development, and the Emmy-nominated Grace and Frankie in addition to forthcoming series Fuller House, The Ranch, Lady Dynamite, Flaked, Love, and With Bob And David and the Netflix original film Pee-wee’s Big Holiday.
Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally.
Shares of Cabot Oil & Gas Corporation (NYSE:COG), inclined 6.51% to $23.08, during its last trading session, as Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders, according to Reuters.
Snapping back from a deep two-month slump that knocked U.S. crude to 6-1/2 year lows below $40 this week, oil climbed as world stock markets rose on hopes Chinese government measures to stimulate the economy would pay off, while the dollar strengthened as risk aversion eased. Reuters Reports
Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States.
Finally, Prologis, Inc. (NYSE:PLD), ended its last trade with 3.17% gain, and closed at $38.72.
Prologis declared it has signed five new development leases totaling 926,000 square feet (86,000 square meters) in three of its target markets in China: Suzhou, Chongqing and Shenyang.
“This leasing underscores the merits of our focused investment strategy of building, owning and managing the highest-quality distribution facilities in premier locations in supply-constrained markets,” said Gary Anderson, CEO, Prologis Europe and Asia. “Demand in our target markets remains broad-based, spanning the e-commerce and consumer goods sectors. Our well-located, Class-A properties meet this demand by putting our customers closer to the end consumer.”
Prologis owns and manages about 51 million square feet (4.7 million square meters) of logistics and distribution space in Asia as of June 30, 2015.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust.
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