Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
MIRAMAR, FL-The air-conditioning sales, service and parts company occupies 23,400 sf at the Miramar Park of Commerce, Broward County's biggest corporate park. The lease has an estimated value of at least $563,000.
LOS ANGELES-Already the largest owner of office buildings in the Mid-Wilshire district, Lee's Jamison Properties gets the deed to 3545 Wilshire Blvd. with a $6.9-million check, one of the highest prices paid in recent years in the district.
DALLAS-Mike Hardage is closing the books on a near five-year career at Trammell Crow Co. in an exit that coincides but isn't tied to a series of personnel changes at the firm. It's time for a change, says the director of investment services.
SANTA ANA, CA-The $2.2-million sale is the third disposition in the office portfolio since CT acquired it from Newport Federal in 2001, with the fourth under contract. The 18,126-sf Boardwalk is an 82%-leased building that went to two private investors.
BOSTON-John Hancock Financial Services Inc. sells its two adjoining properties located in the heart of the city's downtown area to NY-based the Related Cos. LP and locally based Beal Cos. LLP. The properties consist of a 61,110 sf building and an 18,000 sf parking lot.
CERRITOS, CA-The longtime employer for the Mid-Cities area remains in the market, but changes the address. In September, Memorex consolidates several Santa Fe Springs offices for 21,480 sf of class A space at Cerritos Towne Center.
WEST PALM BEACH, FL-Premier has purchased 41.6 acres of land here on which to build the planned 500,000-sf, four-building retail/office/warehouse project. The sale price of the land was about $4.2 million; MIP Ventures Ltd. was the seller.
DALLAS-Park Central 7 gets the new name on the office directory in a five-year lease for 10,000 sf. Twin Towers corners a two-year extension for 8,355 sf and a 62-month sister deal for 2,738 sf in a package valued at $409,000.
CHICAGO-Three buildings under construction or in the early planning stages have significant pre-leasing and anchor tenants, but it comes at the expense of older properties in a Downtown market that has suffered from job losses, professionals at RealShare Chicago noted.