Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
SAN JOSE-After five years out of the market, the locally based purveyor of channel marketing Websites has re-leased 193,000 sf at Spieker's Creekside Technology Center here on Fox Drive. It also is busy developing office space on property it owns across the street.
AUSTIN-Vignette's customer base has taken on a new look, adding four government agencies to its roster and landing inclusion on the General Service Administration's supply roster. Three of the four are US Armed Forces related.
NEW YORK CITY-Last month alone approximately 1.8 million sf of space was leased or sold in just Manhattan in all of the market sectors. The majority of it was office space.
ATLANTA-The country's largest direct-mail marketing company will move its metro area processing center in April from its current 115,000 sf location in Fulton County to a 144,500-sf headquarters structure at Riverside Business Park.
HANOVER TWP., NJ-Blanchard goes into the ground for another 150,000 sf of office space, replacing an aging office/warehouse complex the company built back in the 1950s. The property is adjacent to the Morristown Municipal Airport.
BALTIMORE, MD-T. Rowe Price has signed a 29,564 sf lease expansion for the Baltimore Building for an undisclosed amount. This brings the 272,178 sf, 28-story office tower to 100% occupancy.
WASHINGTON, DC-A March 2 deadline for public comments has been imposed by the Federal Reserve Board for its proposal that, if adopted, would allow national bank subsidiaries to broker real estate transactions.
DENVER-It's all in the eye of the beholder, or in this case, the statistics. Cushman & Wakefield's latest report puts the southeast market ahead of the CBD. Not so, says an official of the Downtown Denver Partnership.
WHITE PLAINS- Executive Andrew Spano announced yesterday (Tuesday Dec. 5) that the county has allied with MrOfficeSpace.com to link a listing of available commercial office space in Westchester with county government's web site.
DALLAS-Insignia Commercial's appointment of a new president will open up a development pipeline for Denver, Austin, California and the Baltimore-Washington, D.C. area. Barry Nelson will refocus ICIG activities strictly on office and industrial projects.