KILN TO ANCHOR HOSPITALITY-DRIVEN FLEXIBLE WORKSPACE AND COMMUNITY HUB IN THE WEAVE AT OCVIBE

Cushman & Wakefield (NYSE:CWK), on behalf of OCVIBE, announced Kiln has leased a full floor in The Weave, a 168,000 sq ft LEED Gold-designed mass timber office building in Anaheim.

Rhea-AI Summary

Cushman & Wakefield (NYSE:CWK), on behalf of OCVIBE, announced Kiln has leased a full floor in The Weave, a 168,000 sq ft LEED Gold-designed mass timber office building in Anaheim.

The hospitality-driven coworking hub will open with OCVIBE’s first phase in early 2027, offering flexible workspaces, private offices, meeting rooms, and event spaces within the 100-acre mixed-use district adjacent to Honda Center and ARTIC.

Positive

• Kiln commits to a full-floor lease at The Weave at OCVIBE
• The Weave provides 168,000 sq ft of LEED Gold-designed office space
• Opening targeted with OCVIBE’s first development phase in early 2027
• Location adjacent to Honda Center and near ARTIC transit hub
• Integration into a 100-acre mixed-use district with parks and amenities

Negative

• None.

Argus Jun 15 session

-0.81% close to close Open Argus

Details

News Market Reaction – CWK

On Jun 15, the day this news came out, CWK closed 0.81% below the previous close.

Data tracked by StockTitan Argus for the Jun 15 session.

Key Figures

District size: 100 acres Opening phase year: 2027 Kiln members: 8,500 members +5 more

District size

100 acres

OCVIBE mixed-use district area

Opening phase year

2027

First phase of OCVIBE development

Kiln members

8,500 members

Kiln’s current network across Western U.S.

Companies served

3,300 companies

Organizations in Kiln communities

Concert hall capacity

5,000 persons

OCVIBE concert hall planned capacity

Office building size

168,000 square feet

The Weave office building at OCVIBE

Building height

six stories

Mass timber office building structure

New parks and plazas

20 acres

Planned parks and plazas within OCVIBE

Historical Context

5 past events · Latest: Jun 12

5 events

1. Jun 12

   Large lease advisory

   24h Move

   +2.4%

   Advised Ericsson on record 1 million-square-foot Stockholm HQ transaction.

2. Jun 02

   Full-building lease

   24h Move

   +4.6%

   Represented Orion Properties in 172,089-SF full-building lease to Mercury One.

3. May 28

   Logistics market report

   24h Move

   -1.0%

   Released Waypoint 2026 report on shifting global logistics market power.

4. May 27

   Leadership appointment

   24h Move

   +0.7%

   Appointed Leon Ikeda to lead APAC data center advisory and transactions.

5. May 21

   Financing arranged

   24h Move

   -0.3%

   Arranged $74.1M financing for Bank of Italy office-to-residential conversion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

coworking, mass timber, biophilic design, leed gold

4 terms

coworking technical

"New Partnership Brings World-Class Coworking to OCVIBE, Reinforcing Anaheim's Evolution"

Shared office space where individuals, freelancers, startups or companies rent desks, private rooms or meeting areas on flexible terms rather than leasing an entire office. Investors watch coworking as a business model and a type of commercial real estate tenant because it can boost building occupancy, provide recurring membership revenue and signal demand for flexible work — like a hotel for offices, where turnover, pricing and location drive returns.

mass timber technical

"The Weave, OCVIBE's mass timber office building."

Mass timber is a category of engineered wood panels and beams made by gluing or laminating smaller wood pieces into large, strong structural elements used instead of steel or concrete for floors, walls and roofs. Think of it like stacking and bonding many wooden Lego blocks into big, load-bearing boards; it matters to investors because it can lower construction time and carbon footprints, affect material and labor costs, and influence demand from green-building markets and regulatory approvals.

biophilic design technical

"with biophilic design, abundant natural light and operable windows"

Biophilic design is an approach to planning buildings and interiors that brings natural elements—plants, natural light, outdoor views, water, textures and organic patterns—into the built environment to make spaces feel more like the outdoors. For investors, it matters because properties and workplaces with these features often attract higher rents, lower vacancy, better tenant retention and improved worker productivity, similar to how a well-landscaped garden makes a home more desirable and valuable.

leed gold technical

"the 168,000 square foot LEED Gold-designed building is built for a more connected"

LEED Gold is a high-level building certification that shows a property meets rigorous standards for energy efficiency, water use, materials, and indoor environmental quality. For investors it signals lower operating costs, potential for higher rents or resale value, and lower regulatory or reputational risk—think of it as buying a house with high-efficiency appliances and strong insulation that saves money and attracts better tenants over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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New Partnership Brings World-Class Coworking to OCVIBE, Reinforcing Anaheim's Evolution into a Dynamic Destination for Business, Culture, and Entertainment

ANAHEIM, Calif., June 15, 2026 /PRNewswire/ -- OCVIBE, the 100-acre mixed-use district shaping the future of Anaheim, today announced that Kiln, the hospitality-driven coworking and flexible office operator known for creating elevated workplace communities across the Western U.S., has committed to a full floor at The Weave, OCVIBE's mass timber office building. Set to open as part of OCVIBE's first phase of development in 2027, Kiln at The Weave will introduce flexible workspace, team suites, private offices, meeting rooms, and hospitality-forward gathering spaces to support a new generation of companies, entrepreneurs, and professionals seeking a more connected and experience-driven work environment in Southern California.

The announcement marks another major milestone for OCVIBE as the district continues to evolve into one of the West Coast's most ambitious mixed-use destinations, integrating workspaces, entertainment venues, hospitality, dining, parks, and cultural programming into a walkable, transit-oriented ecosystem in Orange County.

"OCVIBE is being developed as a first-of-its-kind, digitally connected mixed-use campus that brings together workplaces, residences, entertainment, dining, public space, and culture within a single, integrated environment," said Scott Frick, Senior Vice President of Real Estate & District Operations at OCVIBE. "As we evaluated the future of work, and the evolving needs of employers, we conducted an extensive search for a coworking partner that could help define what the next generation of workplace experience should look like. Kiln stood out for its ability to blend flexibility, hospitality, community, and technology in a way that reflects where the market is headed. Their presence at The Weave helps advance our vision of creating a workplace ecosystem where people can seamlessly connect with the broader lifestyle experiences available throughout the OCVIBE district."

"Anaheim is home to a dynamic and creative business community which is on the cusp of a new era," said Arian Lewis, CEO and Co-Founder of Kiln. "The combination of media, tech, and entertainment in this market is queuing up for a new kind of experience in the workplace. OCVIBE has a clear vision of this future and is making a serious investment in bringing it into the present. Kiln recognizes that true hospitality in the workplace is about transformation. Enabling individuals and teams to adapt and transform in a much more competitive market. We are confident that the product we are designing for this environment will be a leap forward for the members who join us."

Founded in Utah, Kiln serves more than 8,500 members across 3,300 companies through a growing network of communities across the Western United States. Designed for modern teams seeking greater flexibility, connection, and quality-of-life, Kiln combines private offices, team studios, coworking memberships, meeting and event spaces, and exceptional hospitality to create environments where people and companies can do their best work.

Kiln's arrival further positions Anaheim as more than a traditional convention or tourism destination, instead reinforcing the city's emergence as a fully integrated "meet + work + experience" environment capable of supporting gatherings and businesses of all sizes.

"Kiln's arrival at The Weave is another strong signal of where Anaheim is headed as a destination," said Mike Waterman, President & CEO, Visit Anaheim. "We're seeing increasing demand for environments that blend meetings, work, hospitality, entertainment, and culture into a more connected experience. Anaheim is uniquely positioned to deliver that at scale. As major developments continue to reshape the city, projects like OCVIBE help expand the kinds of experiences and opportunities available not only to visitors and meeting attendees, but also to the companies, entrepreneurs, and creative communities investing in Anaheim's future."

When the district opens its first phase in early 2027, OCVIBE will feature a distinct mix of hospitality, culinary, and flexible-use venues across the district designed to host corporate meetings, breakout sessions, pre- and post-event gatherings, live entertainment, and community programming. The surrounding district atmosphere, anchored by world-class entertainment and year-round activity, will provide Kiln members and their guests with a uniquely connected environment where work, culture, and entertainment seamlessly intersect.

"This lease represents a significant milestone for The Weave and underscores the demand we are seeing for workplace environments that move beyond the traditional office model," said John Harty, Executive Managing Director at Cushman & Wakefield. "The Weave offers a boutique-scale workplace experience intentionally designed around how today's leading employers attract, retain, and engage talent in an increasingly hybrid world. Combined with Kiln's flexible workspace platform, companies and their teams will gain access to a workplace integrated within a 100-acre mixed-use campus that offers year-round access to dining, elevated hospitality, entertainment, and green open spaces. Backed by a long-term ownership structure with the resources and commitment to continually invest in and enhance the district, OCVIBE delivers a workplace experience unlike anything else currently available in Southern California."

The Weave at OCVIBE

Located adjacent to Honda Center and within walking distance to ARTIC (Anaheim Regional Transportation Intermodal Center), the 168,000 square foot LEED Gold-designed building is built for a more connected and flexible workday with biophilic design, abundant natural light and operable windows, open-air stairwells, and seamless indoor-outdoor experiences with private terraces and porches.

The six-story mass timber office building will integrate premium workspace with direct access to neighborhood amenities including Katella Commons, the district's chef-driven market hall, the Katella and Cerritos garages, and OCVIBE's growing mix of restaurants, entertainment venues, public art programming, and 20-acres of new parks and plazas.

The architecture of the building itself is a testament to the developer's broader vision to transform the 100 acres surrounding Honda Center into a vibrant mixed-use district.

The Weave will welcome Kiln in 2027 following the opening of OCVIBE's 5,000-person-capicity concert hall, Katella Commons, and the first phase of the district's public art program. Additional details regarding Kiln at The Weave, including leasing opportunities, programming and opening timelines, will be announced later this year.

Cushman & Wakefield's John Harty and Jason Ward represented OCVIBE, while Mitch Lundquist and Ben Halverson from JLL represented Kiln.

An interactive virtual preview of The Weave can be explored, here. For more information about Kiln at The Weave, please visit: Kiln Anaheim. For images, photos, b-roll, and more information about OCVIBE and The Weave, visit: OCVIBE Media Center.

About OCVIBE:

OCVIBE is a new district currently under construction in the heart of Orange County, California. Privately funded with a $5 billion commitment by the Samueli Family, OCVIBE will turn 100 acres of Anaheim into an easily accessible, walkable community and transform the area surrounding the Honda Center into a vibrant, year-round destination. The first phase of OCVIBE will open to the public in early 2027 with Katella Commons – a food-driven market hall, public plaza, concert hall, and new office space at The Weave – the county's first mass timber office building in a mixed-use development. Once fully complete in 2033, the new community will bring 20 acres of open space to Southern California, along with three miles of connected walking trails, more than 2,000 residences, 35+ new dining experiences, and three state-of-the-art entertainment venues. The development of OCVIBE is one of the largest private investments ever made in Southern California and promises to bring unparalleled experiences and amenities to its visitors and residents.

About Kiln:

Kiln is a renowned coworking and flex office brand with over 20 locations, opened or under development, across the West. Kiln is dedicated to providing flexible workspace solutions that elevate the quality of life while at work. Many companies utilize Kiln to help attract, retain, and care for their top talent. More than 2000 companies are Kiln members, including several of the world's most recognized brands. Visit www.kiln.com for more information.

About Cushman & Wakefield:

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kiln-to-anchor-hospitality-driven-flexible-workspace-and-community-hub-in-the-weave-at-ocvibe-302799958.html

SOURCE OCVIBE

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cushman & Wakefield (CWK) announce about Kiln at The Weave in Anaheim?

Cushman & Wakefield announced that Kiln has committed to a full-floor lease at The Weave, OCVIBE’s mass timber office building. According to OCVIBE, the space will host flexible workspaces, private offices, meeting rooms, and hospitality-focused gathering areas.

When is Kiln at The Weave in the OCVIBE district expected to open?

Kiln at The Weave is expected to open with OCVIBE’s first development phase in early 2027. According to OCVIBE, Kiln will welcome members after the district’s concert hall, Katella Commons, and initial public art program debut.

Where is The Weave at OCVIBE located and why is it important for CWK investors?

The Weave is located next to Honda Center and within walking distance of ARTIC in Anaheim. According to OCVIBE, this transit-oriented, 100-acre mixed-use campus strengthens the area’s appeal as a “meet + work + experience” destination that Cushman & Wakefield helps lease.

What type of workspace will Kiln offer at The Weave in the OCVIBE project?

Kiln will offer flexible workspace including coworking areas, private offices, team suites, meeting rooms, and event spaces. According to Kiln, the hospitality-driven design targets modern teams seeking flexibility, community, and a connected work-life experience in Southern California.

How large is The Weave office building at OCVIBE and what are its key features?

The Weave is a 168,000 square foot, six-story mass timber office building designed for LEED Gold certification. According to OCVIBE, it features biophilic design, natural light, operable windows, open-air stairwells, private terraces, and seamless indoor-outdoor workspaces.

How does the Kiln lease at The Weave support Anaheim’s evolving business district?

The Kiln lease helps position Anaheim as a destination that combines meetings, work, hospitality, and entertainment. According to Visit Anaheim and OCVIBE, the coworking hub supports companies, entrepreneurs, and creative communities investing in the city’s future mixed-use ecosystem.

Who represented OCVIBE and Kiln in the Kiln at The Weave lease transaction?

Cushman & Wakefield’s John Harty and Jason Ward represented OCVIBE in the lease, while JLL’s Mitch Lundquist and Ben Halverson represented Kiln. According to OCVIBE, this agreement secures an anchor coworking tenant for the building’s 2027 opening.