Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
NEW YORK CITY-After undergoing an extensive renovation, 48 Wall St. will be ready for occupancy in the coming month, and after signing a 10,000-sf lease, the building will hit the 50% occupancy-mark.
IRVINE, CA-Irvine-based real estate giant Fidelity National Financial Inc. has inked a deal with e-commerce company VISTAinfo to combine both companies' assets into a jointly owned real estate services firm.
TINTON FALLS, NJ-The real estate company will take about one-third of a class A building currently under construction along the Garden State Parkway in this Monmouth County township.
SAN DIEGO-A NYC-based costume manufacturer signs $15-million deal for 206,415-sf space in Poway. Hamazawa Investment Co. purchases an office building for $8.3 million.
FARMINGTON HILLS, MI-Demand for good office space in Detroit and the Metropolitan Area will soften in next five years, but it will still exist, said the company.
NEWARK, CA-Officials at Ohlone Community College are eyeing a 43-acre former salt-ponds parcel here as a potential site for a new campus devoted to high-tech teaching. The city of Newark has been leasing the land from Cargill since last year.
SAN BRUNO, CA-Two development companies have purchased the San Bruno navy base with plans for a $200 million mixed-use project that will include 300,000 sf of office space, 210 apartment units and 190 senior housing units.
TUCSON-The owner of one of downtown's largest office towers says that one good-sized tenant could prompt the company to start construction on a 23-story office tower.
STAMFORD-An investment group led by the Malkin family says it took advantage of an unsettled capital-market environment and has acquired the 810,000-sf First Stamford Place office complex here from TrizecHahn.
WHITE PLAINS-A panel of Westchester-Fairfield real estate brokers and developers agree that the year 2000 was an exceptional year for leasing volume and absorption and that it will be tough to beat this year.