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CHICAGO-Chicago won't see any significant amount of new office inventory come on line until 2016 at the soonest—probably even later, says Steve Smith of JLL.
HOUSTON-Hines Real Estate Investment Trust REIT closes the sale of the 1.4-million-square-foot, class A office building making this sales the largest sale ever outside the CBD.
HOUSTON-Hazen steps down as senior managing director and divisional CEO in the firm's investment management group; Sherri Schugart is named as his replacement.
NEW YORK CITY-That the office project, conceived at the recession's depths, is going up as spec construction represents “a tremendous vote of confidence,” Mayor Bloomberg said Monday.