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ORLANDO-Charles Schwab Corp.'s current layoff of 300 workers or 20% of its 1,500-person staff at two area locations could dump another 100,000 sf on the class A market, office brokers familiar with the discount brokerage's estimated 303,000-sf operations here tell GlobeSt.com.
CHICAGO-State Street Associates will pay $10.2 million, minus up to $2 million for demolition and environmental remediation, for a block-long South Loop site at 1101-83 S. State St., where other multifamily projects are going up.
WASHINGTON, DC-Despite what he called underperforming capital and real estate markets, CarrAmerica president Thomas Carr called the REIT's first quarter performance "solid." Both revenue and net income were down.
NEW YORK CITY-Many in Harlem real estate would argue more proof of its latest renaissance isn't necessary, but bidding for a state-owned site in a historic district is another piece of success story evidence.
DALLAS-Texas employers are taking into account where the bulk of their workers reside when it comes to office decisions. With that comes a push for the suburbs, forsaking the glitz and glamour of the Downtowns for shorter commutes and plentiful retail.
ATLANTA-The New York State Common Retirement Fund, the second largest public pension fund in the United States, is partnering with Post Properties Inc. in a $67-million, 379-unit joint venture on two trophy apartment projects here. GlobeSt.com broke the story Monday morning. (See related story below.)
ANN ARBOR, MI-Expansion out of the Detroit area is part of the company's new target market growth plan, says the company's president. The Naperville, IL office is Atwell-Hicks Inc.'s fourth office.
SAN FRANCISCO-The addition of a top producer from Cushman & Wakefield's local office as Insignia's new senior managing director underscores the commercial firm's commitment to expanding its operations in the area.
FRAMINGHAM, MA-In an unusual move for a high tech company these days, Connected Corp., an application service provider, plans to relocate its office to a larger space here in the old Staples Inc. warehouse.
NEW YORK CITY-Greg Collins, a broker with Julien J. Studley, and Bob Eychner of Eychner Associates both tell GlobeSt.com this city is the place to be and that tenants are coming back, not fleeing to the suburbs.