officebroker.com Blog | December 2010

Rocco Termini’s ideas for Buffalo’s future

Published by Sarah on Thursday, December 30 2010 at 11:27 AM

Developer Rocco Termini held a talk at the Buffalo & Erie County Public Library this week to discuss the future of residential and office space in downtown Buffalo. Termini is locally known for his work in Buffalo for converting empty buildings into office space and apartments.

A light shines on downtown Las Vegas development

Published by Jamie on Wednesday, December 29 2010 at 1:37 PM

The main Strip of Las Vegas has always been the main attraction for visitors, as well as area real estate. However with the recent economical crash, the Strip has been struggling to keep their developments alive. This leaves many heading downtown where buildings are available and building is cheap.

State offices on the move in Lyndhurst

Published by Billy on Monday, December 27 2010 at 3:59 PM

Last week, the municipal clerk’s office of Lyndurst, New Jersey, announced they will be upgrading their office space by moving out of their long-time residence in Town Hall. With their Town Hall space available, the police commissioner will be able to move closer to the city’s police department.

Wilmington’s real estate roundup

Published by Sarah on Sunday, December 26 2010 at 4:11 PM

In the past year, office space the city of Wilmington has seen a great increase in their occupancy rates. Though they are far from a full recovery, the city is hopeful for an even better 2011.

GSA seeks office space in downtown Memphis

Published by Sarah on Friday, December 24 2010 at 3:21 PM

The General Services Administration, the nation’s “landlord”, is currently participating in a city-wide assessment for office space in downtown Memphis. Though no specifications have been made regarding the use of the space, 74,650 square feet is known to be required.

Boston’s Fenway Triangle on the lookout for an upgrade

Published by Jamie on Wednesday, December 22 2010 at 3:45 PM

Samuels & Associates unveiled the plans this week to add new residential and office space to Boston’s Fenway Triangle. The project, which includes the Red Sox’s Fenway Park, is currently awaiting approval from the Boston Redevelopment Authority.

Irvine Co. expands portfolio to the Windy City

Published by Billy on Tuesday, December 21 2010 at 11:29 AM

Doug Holte, Irvine’s office property chief, vows the expansion will not sway their focus on California real estate. "The Irvine Company has been and will continue to be geographically focused on its core California real estate markets,” said Holte. “The acquisition of Hyatt Center, however, represents a unique opportunity to invest in one of the finest projects of its kind in the United States."

Air Quality District office moves to new space, goes live today

Published by Jamie on Monday, December 20 2010 at 11:01 AM

Butte County’s Air Quality District in Chico, Calif. moved into new office space over the weekend, going live today. Long-time located at 1225 Dominic Drive, the agency decided to move to a more cost- and space-efficient office space.

Property owners sue state of Maryland

Published by Sarah on Saturday, December 18 2010 at 9:51 AM

A team of 12 downtown property owners have filed a lawsuit against the state of Maryland to block the redevelopment of an office building in Baltimore’s Midtown neighborhood. According to the lawsuit, the owners claim the state did not comply with its own competitive bidding requirements when choosing a developer for the new State Center project.

Nasvhille’s West End towers brought back to life

Published by Billy on Thursday, December 16 2010 at 11:17 AM

The West End towers are currently sitting as a flat, excavated site with only an idea hanging over it. The financial crunch and real estate nose dive has left this Nashville office space and hotel behind. While staying afloat, the developer recently interviewed with the Tennesean, and is ready to get going on the project again.

Government offices move to new space in Baltimore

Published by Jamie on Wednesday, December 15 2010 at 11:16 AM

For Washington, D.C. and Baltimore office space, location has always been in their favor with governmental agencies regularly on the move. Recent moves include several groups moving to new space in Woodlawn, located in Baltimore County.

Opti-Vise expands to new office space

Published by Sarah on Tuesday, December 14 2010 at 10:58 AM

A northern Indiana IT company has signed for new office space at 127 W. Main Street. The Eaton-based Opti-Vise has had an amazing amount of business in the past year, allowing for them to hire on several more employees.

Judge blocks the sale of California office building

Published by Billy on Saturday, December 11 2010 at 5:12 PM

A judge ruled this week to deny an injunction seeking to block the sale of state office space in Sacramento. The space was to be sold to a private real estate company for $2.3 billion, saving a bit of money for the state.

Green Bay Watermark project moves in different direction

Published by Billy on Saturday, December 11 2010 at 4:57 PM

After a lull in activity, the multi-million dollar project at downtown Green Bay's Watermark project is picking back up. With the economy on the rise, the riverfront area is promising office space, condominiums, a children's museum and a restaurant.

In The Spotlight with Account Manager Mike McCoy

Published by Jo on Thursday, December 09 2010 at 10:27 AM

This month we speak to West Coast Account Manager, Mike McCoy.

According to officebroker.com VP Billy Knauss, new starter Mike has already proved himself by hitting target in his first month. "He's showing a lot of promise and nailing the basics of the job right out of the gate," Billy commented.

Halliburton renews office lease

Published by Billy on Wednesday, December 08 2010 at 10:21 PM

Energy giant, Halliburton Energy Services Group, announced it has renewed their Denver office space lease. The renewal includes a total of 56,880 square feet of space, an increase from its previous term.

Zappos moves to downtown Las Vegas

Published by Sarah on Tuesday, December 07 2010 at 5:23 PM

Online clothing retail company, Zappos, has signed a deal which will move their headquarters to new office space in Las Vegas’ downtown, bringing 1,000 new jobs to the area. The news has been celebrated heavily as businesses and residents have not regularly sought out downtown. At a closer look, however, it’s clear that both residential and commercial real estate are making their move to the area.

Northrop Grumman moves to new Rancho Bernardo office space

Published by Billy on Monday, December 06 2010 at 5:33 PM

Leading global securities company, Northrop Grumman, has confirmed they are moving to new office space in Rancho Bernardo, a submarket of San Diego. The company will relocate to 16765 W. Bernardo Dr before the end of the year.

Google expands, set to purchase Manhattan office building

Published by Sarah on Sunday, December 05 2010 at 9:43 PM

As the global recession continues to slow, the nation has been seen in influx in expansions and purchases in some very needy markets. For Manhattan office space, Google is making some critical first steps into economic recovery by purchasing their current office building.

New flex space offers diverse options for area businesses

Published by Sarah on Friday, December 03 2010 at 11:30 PM

With grim statistics Maryland has been facing during the recent recession, it’s hard to imagine developing new commercial space would be an option worth mentioning. Statistics aside, Crofton-based developer, Gardiner Realty, has a new idea for office space going up in Dunkirk, MD.

Mission Bay development in the process revitalization

Published by Jamie on Thursday, December 02 2010 at 5:51 PM

Recently, internet software company, Salesforce.com, announced it would be moving to new office space in San Francisco’s Mission Bay district. Mission Bay has had decades of plans to revitalize the area right next to the UCSF campus, though recent moves have been slow-paced. Salesforce has shone a light back onto the project, turning heads toward the area for business.

Birmingham welcomes multiple deals

Published by Sarah on Wednesday, December 01 2010 at 11:25 PM

In the wake of the recession, offices leases have been springing up all over the nation. The Birmingham office market has had a good month with several leases that have decreased their commercial vacancy rates citywide.

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