Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
SAN CARLOS, CA-The provider of network computing solutions signs a 39,500-sf, 10-year lease at Spieker Properties Skyway Landing development. Sun will occupy the space, formerly leased to InsWeb, this December.
SEATTLE-The new center, to serve as a subpolice station among other things, will be opened around the clock, helping to reduce crime and make the area more attractive to shoppers and businesses.
OCEANSIDE, CA-The planning commission approves site plans for a $1 billion project by a company that will become the city's largest private employer. The long-range plan calls for 14 office and industrial structures on a 60-acre site.
NEW YORK CITY-Alliance termed "a critical step" in GlobeSt.com's campaign to be the primary destination for original and timely commercial real estate-related content on the Internet.
DENVER-Denver Academy is paying slightly more than $6 million for the 21-acre campus of the former Bethesda Hospital at 4400 E. Iliff Ave. in southeast Denver. The property has been vacant for two years.
ORANGE COUNTY, CA-After shedding thousands of Southland positions since the 1998 merger, the banking giant will bring some back through consolidation of a key business segment.
CHICAGO- Real estate titan continues to predict massive consolidation for the real estate industry, saying the upcoming changes will be akin to the "oligopolization" of steel and autos early last century. Zell says the two REITs he launched and in which he remains the largest shareholder, Equity Office REIT and Equity Residential REIT, will increasingly focus on offering services to their huge client base. Sees Equity Residential offering insurance and mortgages to renters who are leaving to buy homes.