Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
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.
FT. COLLINS, CO-Cytomation Inc., an international biotech instrumentation company, is doubling the size of its headquarters in this northern Colorado city. The $3-million, 27,000-sf project is positioned adjacent to its 11,000-sf manufacturing facility.
DENVER-The end gets closer for the landmark 100,000-sf Currigan Hall, designed to be taken apart and rebuilt like a Tinker toy, with a board nixing a city-civic plan to relocate it across the street to the Auraria Higher Education campus. The city's planning director and a preservationist architect says they will continue to court relocation suitors.