Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
LONDON-The London Borough of Tower Hamlets has cleared the way for the final phase of the redevelopment of the Spitalfields Market site on the eastern fringe of the City of London, when it resolved to grant planning permission for the 800,000-sf Bishops Square scheme.
PHILADELPHIA-A coordinated design will marry the three structures that make up the Columbus, OH university's William Oxley Thompson Library. It encompasses total restoration of the original 1913 building and upgrading of the less distinctive additions built in 1951 and 1977.
IRVING, TX-EFG Cos. and CMD Realty sign one of the largest office leases this year for the Las Colinas submarket. It's a lateral submarket move, but the 122 W. Carpenter Freeway team out-talked three others for the seven-year corporate pledge.
DENVER-Pinnacol Assurance, Colorado's leading provider of workers' compensation insurance, has moved to its new headquarters at the former Lowry Air Force Base.
HOUSTON-The 65,900-sf suburban office building lands tenants for 17,170 sf to nudge it close to the filled mark. Insurance Associates of the Southwest signed for 14,947 sf of One Woodbranch Center near the Energy Corridor.
PORTLAND-Umpqua Holdings Corp. receives $70 million in capital financing to fund the cash portion of the previously announced $215-million merger with Centennial Bancorp. The transaction is expected to close in the fourth quarter.
WESTWOOD, CA-The office building on Santa Monica Boulevard is 32% vacant. The four-story, steel-frame structure was built in 1985. A remodel is planned.
ATLANTA-After nearly a decade-long absence from this market, the Troy, MI-based company partners with Royalton Investments to buy the nine-story, 86%-leased, 125,603-sf building. Hayman may build condominiums on its rooftop parking deck.
AUSTIN-CDM, a multi-faceted engineering firm, shifts its office from the northwest submarket to the far northwest while First Avantus Securities relocates into 6,295 sf in its existing submarket.