Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
ST. PAUL-The firm, which had been located Downtown for 70 years, was looking for more space. The deal will help push up occupancy rates in the office tower of the World Trade Center complex to 80%.
CHICAGO-The gum company needed a little more space, which was not available at its namesake Wrigley Building at 401 N. Michigan Ave. It found 22,540 sf at 455 Cityfront Plaza.
HOUSTON-The leases, totaling 7,490 sf, all are medium-term pacts that range from 3,266 sf to 822 sf. Fulcrum Power LP occupies the largest block of space while "Les Avenues" magazine is moving into the smallest.
AURORA, CO- After launching an exhaustive search of multiple sites in the metro area, Merrick & Co., described as the largest engineering/architectural firm headquartered in Colorado, decided to maintain its corporate headquarters at Aurora Corporate Plaza here.
FARMINGTON HILLS, MI-GECOM, an automotive supplier, is expanding into 12,012 sf of space leased by Grubb & Ellis. The company said it uses the Farmington Hills office as an "antenna for detecting various industry trends and interfaces with users.
BRISBANE CA-The Woodland Hills, CA-based real estate investment firm is buying the class A office building in Brisbane from Hitachi, which occupies 40% of the building. Earlier this month, Younan acquired the 59,000-sf Mowry office building in Newark, CA, for $7 million.<P>
ORLANDO-The three-year-old New York-based airline plans to break ground in the next 12 months on an 80,000-sf flight-training center and a 70,000-sf hangar near the recently completed Heintzelman Boulevard on the east side of Orlando International Airport.
WALTHAM, MA-Cornerstone Mortgage leases 7,200 sf at 196 Bear Hill Rd. The company, which signed a ten-year lease, needed additional space for growth and was looking for a stand-alone building.
NEW DEHLI, INDIA-Heeding its clients' interest in tapping India's English-speaking, highly educated workforce, the international corporate real estate advisor forms an exclusive partnership with a New Dehli-based real estate services company.
WESTBOROUGH, MA- Acquisition financing totaling $33 million is nailed down for the four-building, 372,679-sf Westborough Office Park. Holliday Fenoglio Fowler LP arranged the financing for Windsor Realty Fund-IV.