Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
NEW YORK CITY-The Sapir Organization reaps the benefits of $718 million in mortgage transactions on three of its properties--11 Madison Ave. and the facing 260 and 261 Madison.
ANNAPOLIS JUNCTION, MD-The 175-acre multi-structure National Business Parkway maintains its 100% occupancy level with the US General Services Administration's leasing of the park's newest 120,000-sf building.
SAN FRANCISCO-Allen Matkins Leck Gamble & Mallory LLP next June will move to the Boston Properties office building from 333 Bush, where its lease is up at the end of May.
LONDON-Glasgow-based LNC Property Group has paid Gerald Ronson's Heron International pounds 40 million ($70 million) for the long leasehold interest in 16 St James's St., London SW1.
SAN JOSE-Equity Office Properties Trust names Richard Scott--most recently principal and senior vice president of Commercial Property Services Co. in Santa Clara, CAits managing director leasing in the San Jose region.
LONDON-Quintain Estates & Development has added to its strategic land bank in London, with two more purchases to add to its massive development sites on the Greenwich Peninsula and at Wembley.
DALLAS-Lone Star's owner, Scott Walton, becomes a senior loan officer with yesterday's closing. BMC's two-year plan is to buy 25 small shops in the US to become the first branded arranger of commercial loans in the $500,000 to $5 million sector.
DEERFIELD BEACH, FL-The general contractor, which currently is leasing space in Boca Raton, plans to relocate to the 10,000-sf building here, where the company purchased 1.4 acres for about $256,132.
WOODRIDGE, IL-The insurance company leases the entire 97,000-sf office building at 9022 Heritage Pkwy., developed by Schaumburg-based REM Builders as a build-to-suit. It was put on the market at $17.1 million.
DENVER-Even though the corridor is seeing the most activity since April 2001, lease rates continue to fall and concessions continue to rise according to the latest report by CB Richard Ellis.