Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
DALLAS-UT-Southwestern Medical School and the Certus Group cap a year of talking for wet lab space to launch its Cytogenetics research. UT signs a five-year lease for Research Row Biolabs. The lab rolls out in January 2003.
NORTHBOROUGH, MA-41 Lyman St. secures $3.3 million in financing. The single-tenant office building is leased by APX Central Inc., a subsidiary of Western Parcel Express Inc. It was the quality of the tenant that encouraged a local bank to go through with the deal.
PHOENIX-York International lines up 29,556 sf in the recently completed first phase at the junction of Interstate 17 and 7th Avenue. It moves in Dec. 1 from a Tempe location. Air Tiger, coming from central Phoenix, leases 6,371 sf.
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.