Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
DALLAS-The region gets a show of promise from an industrial market posting a quarterly gain for the first time in a year despite a year-to-date absorption that's still in the red. As for office, the best that can be said is it's "losing less blood today ... than before.
FRAMINGHAM, MA-Five tenants lease 21,964 sf of space in the Meadows at 161 Worcester Rd. on Route 9 in the the city's retail center. A broker involved says that the deals demonstrate that the MetroWest market is turning.
GLENN DALE, MD-The 316,000-sf Glenn Dale Business Center opens its doors to a new tenant with disaster services concern Popowski Brothers Inc.'s leasing of 9,200 sf of space.
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.