Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
LOS ANGELES-Developer JMB Realty Corp. begins long-awaited Westside project after signing $500-million lease with entertainment conglomerate MGM. Brokers tell GlobeSt.com another big lease deal is in the works that could guarantee more than 80% of 34-story tower will be rented when in opens in 2003.
TRENTON-A plan to curb sprawl updates the 1992 document, shifting the focus to using incentives to encourage developers to build in cities and suburbs. The spotlight now shifts to the governor and legislature.
HYATTSVILLE, MD-The marketing company plans to bring 400 jobs to Prince George's County to staff its high-tech call center. Prince George's Metro Center plans to expand one building to meet company's needs.
LOS ANGELES-Brokers tell GlobeSt.com that group advised by J.P. Morgan Chase is offering more than $240 million for the landmark Santa Monica office complex. Owner confirms interest from several parties, but wants to keep options open.
AUSTIN-Buda takes the reins to nearly 5,500 acres as a result of an Austin decision. The state capital's stringent ties that bind aren't prevalent in the suburb, meaning that the acreage is ripe for development.
SPRINGFIELD, MO-The Southwest Missouri association is unanimous choice about 10 years after an initial effort to join the federation failed. The association will cover more than 10 counties.
SAN JOSE-At its recent annual meeting in San Francisco, the 45-year-old family-owned brokerage firm made several announcements, foremost of which is that the company has joined the CORE Network.
FREMONT, CA-The Internet content delivery firm is leasing the third floor of Civic Center Place, a new four-story Class A building developed by Principal Capital Group. Tenant improvements are underway with an approximate move in date of April 1, 2001.
FAIRFIELD, NJ-The solid economy has sent prices sky-high, and if the year ahead turns out to be one of leveling growth or even a downturn, some of the players could move on, according to one report.
SEATTLE, WA-The central business district was hardest hit, with 47% of the total within its borders. Then again, says Colliers, there are currently tenants looking for 1.3 million sf in Seattle within the next six to 12 months.