officebroker.com Blog | January 2011

Orlando’s minor setback in Q4

Published by Jamie on Monday, January 31 2011 at 3:14 PM

While many of the nation’s markets have been teetering post-recession, office space in Orlando took a minor hit in Q4. As the numbers rolled in, leased office space was down 1.5 percent.

2010 brings expansion to officebroker.com

Published by Billy on Sunday, January 30 2011 at 3:27 PM

After a long and difficult 2009, officebroker.com received some great news about 2010. With several incredible months throughout the year, officebroker.com’s Dallas office experienced a 70 percent increase in inquiries, and 26 percent in business deals.

NYC Office Suites named Business Center of the Year

Published by Sarah on Friday, January 28 2011 at 10:23 AM

Since early 2010, officebroker.com has been honoring office business centers across the nation with the honorary title of Business Center of the Month. Now that 2010 has officially wrapped up, officebroker.com named NYC Office Suites the Business Center of the Year.

Federal offices make a move to new office park

Published by Sarah on Wednesday, January 26 2011 at 3:57 PM

A division of the federal department of Homeland Security has found a new home in office space just outside of Buffalo in Cheektowga. Uniland, the owner of the office park, won the contract with the U.S. General Service’s Administrations Public Buildings Service.

Broker attempts to give face lift to Memphis

Published by Sarah on Tuesday, January 25 2011 at 8:58 AM

Crye-Leike Commercial broker, Pat Surratt, is heading up a mix-used project which will add retail and office space to downtown Memphis. Surratt, along with partner Sardorbek Umarov, are renovating a building located across from the Criminal Justice Center which Surratt plus as prime real estate for businesses.

In the Spotlight with Dallas Parrott

Published by Jo on Monday, January 24 2011 at 5:57 AM

This month we speak to Dallas Parrott, East Coast Account Manager for officebroker.com.

A former team lead for the Personal Development speaker Tony Robbins, Dallas has travelled to almost every major city in the US and gained a working knowledge of these locations in the process.

Now a valued member of the officebroker.com team, Dallas shares with us some of his most unusual client requests, and explains why his email correspondence has been limited lately...

St. Louis office building up for sale

Published by Billy on Sunday, January 23 2011 at 3:07 PM

Robert Guller of BEB Management of Town and Country confirmed this week that he plans on selling a recently purchased office building in downtown St. Louis. Guller and his father just completed the purchase of the building on Wednesday, and have confirmed their plans to rehab the facility.

Google buys Manhattan building for record price

Published by Billy on Friday, January 21 2011 at 1:56 PM

Google took a big step into the world of Manhattan office space. The online giant has paid a record-breaking $1.8 billion to purchase their current office building located iat 111 Eighth Ave. The deal represents the largest transaction ever paid by a tenant for a building.

Texas Facilities Commission approves Austin proposal

Published by Sarah on Thursday, January 20 2011 at 5:04 PM

The Texas Facilities Commission has approved a proposal to develop office space in Austin’s Capitol complex. The city will be consolidating state office buildings and using up currently empty space in the complex.

New Orleans buys WTC lease, board moves to new offices

Published by Sarah on Tuesday, January 18 2011 at 3:05 PM

Last week the World Trade Center board accepted an offer made by the city of New Orleans to purchase the riverside World Trade Center tower. The building, which included a hotel and office space, was a project that began in 1997 that never successfully took off, and now the city will take on their debt.

Tenant departure hurts Cincinnati office vacancy

Published by Jamie on Monday, January 17 2011 at 12:05 PM

American Financial Group is in the works to move 2,500 employees from their office space in downtown Cincinnati. The move will open up thousands of square feet of office space, forcing rates for Class A office space to chance dramatically.

Cushman & Wakefield release promising office report

Published by Jamie on Friday, January 14 2011 at 5:48 PM

Real estate broker, Cushman & Wakefield, recently released a report stating signs of recovery within the office space industry. The report covered 31 major US cities in their central business districts, showing a vast and promising improvement in the wake of the recession.

Austin office space roundup

Published by Billy on Thursday, January 13 2011 at 11:52 AM

A report released by Oxford Commercial revealed that office space in Austin is on the road to recovery. With one of the highest vacancy rates in the nation, Austin slowly climbed to a 20.05 percent vacancy rate, down 2.23 percent from this time last year.

City Council approves new mix-used park

Published by Sarah on Wednesday, January 12 2011 at 11:44 AM

City Council on Monday approved a massive $588 million Community Improvement District, a commercial development in Overland Park. Once complete, the Prairiefield at Lionsgate’s earnings from the development will replace the current Transportation Development District.

Red Sea purchases Chicago building

Published by Sarah on Tuesday, January 11 2011 at 11:38 AM

Real estate firm, the Red Sea Group, has purchased the Northern Trust building in Chicago’s South Loop. Last November the company started the Server Farm Realty and will be converting the South Loop building into office space and data center.

Washington Square finds anchor tenant

Published by Billy on Monday, January 10 2011 at 4:37 PM

Announced today, local law firm Godfrey & Kahn will be the new anchor tenant in an office tower going up in downtown Milwaukee. The firm currently leases office space at 780 N. Water, but have been looking for new space for a few years when this opportunity arose.

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