Office

CHICAGO—Although a large headquarters office may be essential, “law firms may be overlooking an opportunity to create meaningful cost savings by thinking about their space needs differently,” says Daniel Arends, who heads the national legal sector practice at Colliers.

NEW YORK CITY—Yet when broken down by avenue, and looking at office “trick-or-treating,” (i.e. relocating), there is far less horror across the submarket, according to a new—and Halloween-themed—research report.

HOLMDEL, NJ—Utility company JCP&L will relocate its regional headquarters to the sprawling Bell Works site from 331 Newman Springs Road in Red Bank, when its lease there expires next year.

SOUTH FLORIDA—KLX Aerospace Solutions signed a 500,000-square-foot, build-to-suit lease for its new global headquarters and distribution hub for the second largest real estate transaction inked in South Florida this year.

DALLAS—A research-based energy optimization program promising dramatic cost savings and benefits to commercial tenants and property owners debuts at ULI's Fall Meeting, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

CHICAGO—The Missner Group just bought the former Porsche HQ in Lisle for a song, but the economic recovery means such deals are now rare.

ATLANTA—Atlanta's office market is booming. So why so little speculative development?

ISELIN, NJ—A 25-year veteran of the commercial real estate industry, Iacobucci has focused throughout his career on value-add opportunities in office and industrial property. His experience includes asset management, acquisitions, dispositions and development.