Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
SAN FRANCISCO-Greenwich Capital Markets has hired executives from Merrill Lynch and Donaldson Lufkin Jenrette to bolster its San Francisco operations. "Our clients will continue to have seasoned professionals offering the most innovative solutions," says Greenwich managing director Ryan Mullaney.
NEW YORK CITY-After undergoing an extensive renovation, 48 Wall St. will be ready for occupancy in the coming month, and after signing a 10,000-sf lease, the building will hit the 50% occupancy-mark.
IRVINE, CA-Irvine-based real estate giant Fidelity National Financial Inc. has inked a deal with e-commerce company VISTAinfo to combine both companies' assets into a jointly owned real estate services firm.
TINTON FALLS, NJ-The real estate company will take about one-third of a class A building currently under construction along the Garden State Parkway in this Monmouth County township.
SAN DIEGO-A NYC-based costume manufacturer signs $15-million deal for 206,415-sf space in Poway. Hamazawa Investment Co. purchases an office building for $8.3 million.
FARMINGTON HILLS, MI-Demand for good office space in Detroit and the Metropolitan Area will soften in next five years, but it will still exist, said the company.
NEWARK, CA-Officials at Ohlone Community College are eyeing a 43-acre former salt-ponds parcel here as a potential site for a new campus devoted to high-tech teaching. The city of Newark has been leasing the land from Cargill since last year.
SAN BRUNO, CA-Two development companies have purchased the San Bruno navy base with plans for a $200 million mixed-use project that will include 300,000 sf of office space, 210 apartment units and 190 senior housing units.
TUCSON-The owner of one of downtown's largest office towers says that one good-sized tenant could prompt the company to start construction on a 23-story office tower.
STAMFORD-An investment group led by the Malkin family says it took advantage of an unsettled capital-market environment and has acquired the 810,000-sf First Stamford Place office complex here from TrizecHahn.