Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
LONDON-Office rents in Europe were falling even before the events of 11 September dealt a further blow to business confidence, according to new research from CB Hillier Parker.
DALLAS-Sublease space is about double the norm, say researchers in their latest reports of the Dallas-Ft. Worth market. Still, there's a take-it-on-the-chin optimism that bargaining table strategies, for the most part, are keeping a lid on the pressure cooker.
BIRMINGHAM-United Bank of Kuwait has agreed to forward-fund an office 24,000-sf building on Development Securities' Birmingham International Park just as a serviced office provider agrees to lease it.
ST. PAUL-After looking elsewhere in the Twin Cities, the public radio network will buy a nearby building and connect it to its current headquarters creating a new 150,000-sf complex.
ARLINGTON, MA-This town is taking a regional approach to development in the area by asking neighboring Belmont and Cambridge to join it in a tri-community development district. Similar districts have been established in other areas of eastern Massachusetts.
BRANCHBURG, NJ-Branchburg II, targeting office/warehouse and high-tech users, will be the second facility at Murray Corporate Center in this Somerset County community.
WEST WINDSOR TWP., NJ-Designated for up to 800,000 sf of office space by the research organization, the site's eventual use hasn't been disclosed by Princeton University officials.
PHOENIX-Westland Title rolls out the first of several offices planned for the Valley. The firm, which has corporate offices at Squaw Peak Corporate Center, signs for a 2,600-sf spot at Lake Biltmore Corporate Center in the city's north submarket
HOUSTON-Parkway Properties has picked up its 11th office building in Houston. The fully leased, 72,050-sf structure is positioned in the Greenspoint submarket. A Panattoni Development affiliate is the seller.