Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
ONTARIO, CA-The Irvine-based investment firm now owns all three office buildings in the 322,000-sf Empire Towers development. A $17.8-million loan and $4.7-million equity partner buy the extra 145,239 sf of class A office space.
SAN FRANCISCO-In the largest lease the CBD has seen in a couple of years, the locally based international law firm Orrick Herrington and Sutcliffe leases the top four floors of a new 10-story Downtown building developed by Wilson Meany Sullivan for Equity Office Properties.
LONDON-Royal London Asset Management has sold Ames House at 6-7 Duke Street in St James's, London SW1 to Standford Properties for pounds 8.45 million ($13.5 million) reflecting a net initial yield of 5.7%.
NEW YORK CITY-After five years of overseeing business development at the WTCA, Robert DiChiara has been promoted to executive vice president of the not-for-profit organization. He joined the organization in 1997.
CEDAR KNOLLS, NJ-Greenwich Home Mortgage has grown its presence to more than 18,600 sf at Geometry Realty's Cedar Knolls Corporate Center after a lease transaction arranged by GVA Williams.
CHICAGO-Trizec Properties Inc. president and CEO Timothy H. Callahan says the company is not ready to put the 110-story building on the market after it assumes ownership this quarter. "That doesn't mean we won't do so at some point in time," he adds.
DALLAS-Bob Bradshaw joins the team as vice president of business development. The veterans in town know his history: four decades of Dallas-Fort Worth deals, mostly spent developing the Great Southwest and Las Colinas.
WASHINGTON, DC-After having joined forces to survey disclosure practices in mortgage-backed securities markets, the US Department of the Treasury, the Securities and Exchange Commission, and the Office of Federal Housing Enterprise Oversight release a study with suggestions for improvements.
HOUSTON-Infometrics Market Center, eight years in development, is introduced to Houston by Moody Rambin Interests. The Web-based tool delivers real time data for leasing, marketing and property management.