Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
HOUSTON-Four CB Richard Ellis brokers launch a tenant search for the flagship product in Panattoni Development's Beltway 8 Corporate Business Park. Panattoni is teaming with MetroNational on the 117-acre development.
GILBERT, MN-The Iron Range Resources and Rehabilitation Board, a regional economic development agency, will help Eagan, MN-based Delta Dental Plan of Minnesota finance and build a permanent 10,000-sf facility.
ENCINO, CA-A private partnership acquires 32,000-sf office building at 16000 Ventura Blvd. Brokerage firm NAI Capital Commercial will move into the complex next year.
OVERLAND PARK, KS-The commercial real estate loan serving company will lease 133,000 sf of office space at the suburban office campus beginning in July, moving from 210 W. 10th St. in Kansas City.
POWAY, CA-An $11-million, 80,878-sf deal closes at the Parkway Centre Five Business Park along with a $7-million, 37,627-sf deal at the Parkway Tech Center close. The lessees are Remec Inc. and GenRad Inc., respectively.
PORTLAND-A legal dispute over the city's systems development charges related to Downtown's newest office tower is settled with developer Tom Moyer receiving a $123,326 refund.
WASHINGTON, DC-The Service Employees International Union (SEIU) says Boston Properties' collection of undeveloped land has grown at a potentially hazardous pace. SEIU's Boston Properties Watch--the union's information service that operates independently of the REIT--reports that Boston Properties' land bank has increased by 45% over the last 18 months.
ALAMEDA, CA- The City of Alameda had originally allotted a $2.9 million budget for the project, but the full job will cost double this amount. The work will be completed in three phases.
BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.
SAN FRANCISCO-Michael Huaco brings 15 years of corporate real estate experience to Insignia/ESG, where he will focus on establishing new corporate real estate relationship with the Bay Area's major firms.