February 22nd, 2012
KDC and Einstein are looking to construct a Texas office tower.
A joint venture initiative is confident of developing office space in Dallas to capitalize on the city’s low vacancy rate and high demand for office tenants.
KDC Real Estate Developments and Investments have agreed to form a partnership with Einstein & Associates which will see new Dallas office space constructed should plans be given the green light.
If it goes ahead the commercial building will be built in Victory Park in the downtown area of the Texan city, with 400,000 square feet of office space proposed.
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Tags: Dallas commercial real estate property, Dallas office space, Dallas offices, Texas commercial property, Texas office space
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February 21st, 2012
The Empire State Building may become a REIT in its own right.
Documents submitted to the Securities and Exchange Commission suggest that one of the world’s most famous buildings may turn itself into a real estate investment trust.
One of the most famous parcels of Manhattan office space could be turned into a REIT in its own right after documents were submitted to the Securities and Exchange Commission relating to the Empire State Building.
An iconic feature which is as much a symbol of New York and America as the Statue of Liberty, the Empire State Building is owned by Malkin Holdings, who are supervisors of the Empire State Building Associates LLP.
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Tags: american office space, Empire State Building, Manhattan office space, New York office space, US office property
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February 19th, 2012
Parkway have taken on office space in Tempe.
A Tempe office has been sold to an affiliate of Parkway Properties as the commercial office market in the US south west looks to receive a fillup.
An $86 million deal for a 12 story class A commercial office space in Tempe has been agreed between an affiliate of Parkway Properties and an undisclosed seller.
The deal sees the Parkway affiliated group take over Lakeside Office II, with Parkway Properties themselves owning Lakeside I in the Phoenix enclave.
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Tags: american office space, Arizona office space, Phoenix office space, south west office space, Tempe office space
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February 17th, 2012
More office workers are looking to exercise in their break time.
Office employees have begun a trend which sees them exercising during their breaks or lunch hour as they look to stay mentally and physically fit while working in their jobs.
Office workers are taking to trying to stay fit during their work day through running, using the nearest gym or working out in fitness facilities on site to keep themselves fit and healthy during the working week.
Swimming sessions are also popular where available, with employees looking to maximise their time away from their office desks as they try to maintain a healthy work and lifestyle balance.
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Tags: exercise in the office, keeping fit in the office, office and keeping fit, office and the exercise, office exercise
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February 15th, 2012
Bank of America is to temporarily relinquish office space.
One of America’s leading banking institutions is looking to make cost-cutting measures by selling commercial office space, which will see them then lease back the office space.
The Bank of America is hoping to save money by selling some of its commercial properties that it owns and leasing back the commercial office space so its employees can continue to work in the commercial buildings.
It is the latest move as banks across the European and American spheres look to save or generate extra funds in order to stay competitive after the 2007-08 banking criss and recession.
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Tags: California office space, Charlotte office space, New York office space, North Carolina Office Space, US office leasing
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February 13th, 2012
New York is sixth in the office rents market.
Hong Kong is top of the global office rental market, with New York City failing to make the top five as fears about the US economy continue.
Chinese administrative region Hong Kong is still leading the way in the field of global office market rents, however American office space New York City has slipped from the top five list.
That is because the Chinese capital Beijing has leap-frogged the American commercial office market capital after a strong showing in 2011, according to a report by Cushman & Wakefield.
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Tags: american office space, Manhattan office space, New York office lease, New York office space, US Office space
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February 12th, 2012
An Israeli company have bought a Houston office.
A Middle Eastern commercial property investment company have purchased an office property in Texas which sees them take a stake in the Houston office market.
The Azrieli Group has purchased Houston office space from Core Real Estate and Bay Capital North via an affiliate company for an undisclosed deal.
Known as The Plaza at Enclave, the six-story commercial building offers the new Israeli landlords 344,295 square feet of office space in one of the few areas of the country to weather the economic storm.
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Tags: Houston commercial property, houston office space, Houston offices, Texas commercial office, Texas office space, Texas offices
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February 10th, 2012
CBRE are now in control of five new office buildings.
A spate of offices have changed hands following a deal between two commercial property companies in one of the major cities in the state of Texas.
The CBRE commercial real estate investment have taken on five office buildings from J.P. Morgan Asset Management in the Houston Center complex.
It means that a total of 4.2 million square feet of office space in the east side of Houston’s downtown district is being managed as well as having leasing arrangements looked after by CBRE.
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Tags: Houston commercial offices, Houston commercial property, houston office space, office space in Houston, Texas office space
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February 8th, 2012
A gym business has extended its office lease in Irvine.
Gymnasium business LA Fitness International has agreed to extend its commercial property in California which will see the company take on an extra 30% of office space.
LA Fitness International have agreed to extend their commercial property in Irvine after inking a ten year office lease deal in California which will also see them increase their office space by 30%.
The deal sees the company stay in the Michelson Office in the Orange County suburban area and will see an extra 30% of office space taken on by them.
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Tags: California commercial property, California office space, Orange County office space, Orange County offices, southern California office space
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February 6th, 2012
Clarion have bought two Boston office buildings.
A commercial real estate property company has agreed a deal to purchase two office towers in one of Massachusetts’ major office market.
Clarion Partners LLC have purchased two commercial properties in Boston’s Back Bay district for a combined cost of $87.1 million, with both commercial properties offering a combined total of 184,000 square feet of office space.
Located at 535 and 545 Boylston Street the 13 story office buildings in Boston can be accessed via a separate entrance which faces onto Copley Square.
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Tags: Boston office space, Boston offices, Massachusetts office space, New England office space, office space in Boston
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