Item 2. Properties
ITEM 2. PROPERTIES.
We previously owned a building in Irvine, California that consisted of a 57,000 square feet office building, of which approximately 13,000 square feet was leased to an independent third party through July 2024. The remainder of the office space was occupied by our corporate teams and our Orange County, California practice. We sold this building to the City of Irvine, California for a total purchase price of $13.0 million, with such sale closing in August 2024. Following the sale of the building, we entered into a lease agreement for an office space in Irvine, California. The lease commenced on November 1, 2024 and has an expiration date of July 31, 2032.
Effective November 1, 2024, we relocated our principal executive office to Dallas, Texas.
As of May 31, 2025, we had other major offices in many of the world’s leading business centers, including Atlanta, Beijing, Dallas-Fort Worth, Chicago, Guangzhou, Hong Kong, Houston, London, Los Angeles, New York, Mexico City, Mumbai, San Francisco, Singapore, Seoul, Shanghai, Tokyo and Utrecht, among others. In total, we have facilities and operations in over 38 cities in 14 countries around the world. The majority of our facilities are leased under long-term leases with varying expiration dates.
As of May 31, 2025, Sitrick which is within Other Segments utilized one of the offices in Los Angeles, California, and another office in New York, New York. All remaining offices are utilized across all other reporting segments. We believe our existing office locations are suitable and adequate to meet our current business needs. We do not anticipate any significant difficulty replacing or locating additional offices to accommodate future needs.
ITEM 3. LEGAL PROCEEDINGS.
We are not currently subject to any material legal proceedings; however, we are a party to various legal proceedings arising in the ordinary course of our business.
ITEM 4. MINE SAFETY DISCLOSURES .
Not applicable.
25
Table o f Contents
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.