Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
AUSTIN-Dana Friis-Hansen steps into the lead role for the Austin Museum of Art after serving for some time as interim executive director. With the job comes the task of pushing a 145,000-sf project that has hit roadblocks with the down economy.
CAPITOL HEIGHTS, MD-Hampton Overlook office/flex space complex and Hampton South Business Centre warehouse sell for a combined $12.4 million to AFL-CIO Building Investment Trust.
LONG BEACH, CA-American Residential Investment Trust has entered into an arbitration agreement with Long Beach Mortgage Company (LBMC). On Jan. 4, 2001, the company had filed a lawsuit, seeking to recover damages arising from its purchase of a pool of residential mortgages from Lehman Capital, a Division of Lehman Brothers Holdings.
MINNEAPOLIS-The firm says its new offices in Dallas and Newport Beach, CA will serve a national client base and help attract new business in the housing, retail, commercial development, environments for aging, education and justice markets.
SAN DIEGO-The San Diego chapter of BOMA has elected its new board of directors. Cybele Thompson, RPA of PM Realty Group and general manager of the La Jolla Executive Tower, will serve her second term as president.
LOS ANGELES-National commercial real estate services firm Studley has completed an office relocation deal for Salomon Smith Barney and represented Charter Communications in a build-to-suit purchase of an office center.
MINNEAPOLIS-One sign Pillsbury may be moving to the General Mills campus in Golden Valley is the company's recent decision to give up 130,000 sf in the 500,000-sf Pillsbury Center at 200 S. 6th St.
SEATTLE, WA-Asking rents in the new South Lake Union building aren't what the developers originally envisioned, but Bryan Syrdal says they're workable and the building is attracting tenants. The first to sign is the Seattle bio-tech company, Zymogenetics.
SCHAUMBURG, IL-Three recent deals include Computer Strategy Coordinators, Inc.'s renewal of 25,222 sf at Two Woodfield Lake, where space is offered at $23 per sf gross. Also, Stewart Title renews a 4,000-sf lease at 1515 E. Woodfield Rd.