Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
DALLAS-Meeting in a marathon session yesterday, the Senate Intergovernmental Committee weighs first-time legislation to place a 5% cap on commercial real estate values. A decision could come tonight.
PHOENIX-Four new names will go on directories in the four-building office complex in the Camelback Corridor. The new deals, which also brought an expansion, filled another 39,000 sf and delivered a promising sign for a struggling office market.
IRVINE,CA-Oce Printing Systems combines two existing offices in Irvine into class A space at Jamboree Center, expecting to make the move near year's end. The 10-year pact carries a $5-million price tag.
STAMFORD, CT-Elizabeth Arden Spas and Salons Holdings will relocate its corporate headquarters operations from Phoenix to 8,500 sf of space at 300 Main St. here, reports Insignia/ESG, which was a broker in the transaction.
SEATTLE-"TOPOFF 2," a congressionally-mandated exercise to test local, regional, state and federal responses to terrorism, has local state and federal officials responding to a simulated radiological dispersal device in south Seattle this week.
DALLAS-The creditworthy tenant is settling into the class A space after setting off a bidding war that lasted nearly a year among Dallas CBD building owners. The hot pursuit was tied to a 10-year lease, with a top name and reputation for staying put.
AURORA, CO-Fitzsimons received the 2003 Technology Development Award for the new $4 billion medical center and bioscience park, which once completed will employ more people in Colorado than the ski industry.
WHEELING-A 43,160-sf building at 1400 S. Wolf Rd. in Corporate Square Business Park, currently tenantless, has been acquired by a new owner for $2.4 million from Podco 1660 Wolf Associates.
BOSTON-Trinity Financial Inc. relocates to 40 Court St. The real estate development firm is moving from Golf Street to this 12-story 115,000-sf building owned by Paradigm Properties located in the heart of the city's financial district.
CINCINNATI, OH-In a joint venture with the landowners, Dallas-based Koll Development plans to develop a corporate park on the 100-acre Kingswood Golf Course along Interstate 71 in Deerfield Township.