Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
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.
LONDON-The European Bank for Reconstruction and development is to stay in its existing headquarters at One Exchange Square, Broadgate in the City of London. Canary Wharf had been attempting to entice the bank to a new HQ in Docklands.
LITCHFIELD PARK, AZ-Seller Romar Investors gets the full asking price for a five-building, 23,691-sf development in a submarket that is running counter-cyclical to the rest of the metro. The fully leased buy comes with a lease rollover of two to five years.
LONDON-Rotch Property Group, the finance-driven investment group owned by the Iranian brothers Robert and Vincent Tchenguiz, is to be split into three separate companies.
ORLANDO-The six-year-old development entity of The Norbert Corp. bought 3.25 acres for $410,500 at Orlando Central Park South where they expect to break ground in April on a $4 million, 50,000-sf office showroom/warehouse facility.
DENVER-Bankrupt Adelphia Communications, which wants to move its corporate headquarters to Denver from Coudersport, PA, is still searching for office space. A deal could eventually be made in the Denver Tech Center.