Archive for February, 2012
Monday, February 27th, 2012
RDRH Holdings have taken on ownership of a Missouri office building.
A Texas commercial property is the new owner of a former federal office in Missouri according to the president of the Texan firm who completed the deal last week.
Federal office space in Cape Girardeau has been acquired by RDRH Holdings for $325,015, meaning that the three year-old company has commercial office property outside of their native Texas.
The company are based in Austin and are run by Majid Hemmasi, who as well as being president of the company is also an architectural engineer, leaving him more than qualified to discuss the merits of office blocks.
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Tags: Austin office space, Cape Girardeau office space, Jackson office space, Missouri office space, Texas office space
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Sunday, February 26th, 2012
SEB has announced it is selling its office tower at 150 N Michigan Avenue, Chicago.
The 41 story building offers over 660,000 sq ft of office space and is to be the new home of Crain’s Chicago Business.
SEB has hired Jones Lang LaSalle to find a buyer for its 41 story office tower at 150 N Michigan Avenue, Chicago.
One of the most iconic buildings in Chicago, the building is famous for its slanted, diamond-shaped roof and is known locally as the “Adventures in Babysitting” building following its appearance in the 1987 movie. Purchased by SEB in 1999, 150 N Michigan Adventure is currently home to law firm SmithAmundsen LLC and is around 77% leased. (more…)
Tags: 150 N Michigan Avenue up for sale, Adventures in Babysitting Building Chicago, Chicago office space, Crain Communications Building Chicago, SEB to sell 150 N Michigan Avenue
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Friday, February 24th, 2012
Grubb & Ellis Co. have filed for bankruptcy.
One of the most famous New York commercial property landlords has succumbed to the effects of the struggling economy by filing for bankruptcy protection.
Grubb & Ellis Co. have filed for bankruptcy protection in a move which also sees the firm sell the majority of its office portfolio to BGC Partners Inc.
Formed in 1958, the company has expanded from its California office property, with the firm having office space in over 40 US states as well as international offices.
(more…)
Tags: american office space, California office space, Grubb & Ellis, New York office space, US Office space
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Wednesday, 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.
(more…)
Tags: Dallas commercial real estate property, Dallas office space, Dallas offices, Texas commercial property, Texas office space
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Friday, 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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Wednesday, 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.
(more…)
Tags: California office space, Charlotte office space, New York office space, North Carolina Office Space, US office leasing
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Monday, 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.
(more…)
Tags: american office space, Manhattan office space, New York office lease, New York office space, US Office space
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Lee & Associates have opened a new office in South Carolina.
