Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
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.
SAN JOSE-After five years out of the market, the locally based purveyor of channel marketing Websites has re-leased 193,000 sf at Spieker's Creekside Technology Center here on Fox Drive. It also is busy developing office space on property it owns across the street.
AUSTIN-Vignette's customer base has taken on a new look, adding four government agencies to its roster and landing inclusion on the General Service Administration's supply roster. Three of the four are US Armed Forces related.
NEW YORK CITY-Last month alone approximately 1.8 million sf of space was leased or sold in just Manhattan in all of the market sectors. The majority of it was office space.
ATLANTA-The country's largest direct-mail marketing company will move its metro area processing center in April from its current 115,000 sf location in Fulton County to a 144,500-sf headquarters structure at Riverside Business Park.
HANOVER TWP., NJ-Blanchard goes into the ground for another 150,000 sf of office space, replacing an aging office/warehouse complex the company built back in the 1950s. The property is adjacent to the Morristown Municipal Airport.