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VMware wins prized office lease in Silicon Valley

Published by Billy on Tuesday, May 31 2011 at 10:30 PM

Virtualization giant, VMware, announced earlier this week they have signed a long-term lease for new office space in San Jose. Their new Silicon Valley space will add one million square feet of space and up to 2,500 jobs, and was able to beat out the coveting Google, among others.

Two new office buildings slated for Chicago, but not tenants

Published by Sarah on Monday, May 30 2011 at 9:02 PM

In a market that is slowly recovering, any new office space in Chicago might seem like the last thing on builders’ minds. However, there are two new office buildings that are set to go up just three blocks away from each other in the city’s West Loop.

SEC goes overboard on office lease

Published by Jamie on Thursday, May 26 2011 at 9:24 PM

The U.S. Security and Exchange Commission (SEC) has been under fire this week for a large amount of office space in Manhattan.

Another venture capital company leaves Waltham

Published by Sarah on Wednesday, May 25 2011 at 8:16 PM

In an on-going trend, another venture capital company is moving its headquarters from office space in Waltham and moving on to a bigger city location. Advanced Technology Ventures confirmed they will be moving this year, looking at either Boston or Cambridge.

Irving insurance group moves headquarters

Published by Billy on Tuesday, May 24 2011 at 10:35 PM

Commercial property and casualty insurance firm, Union Standard Insurance Group (USI), has confirmed they will be moving their Irving office space to new location at 222 West Las Colinas Blvd.

Forest City plans for mixed use development

Published by Jamie on Monday, May 23 2011 at 10:27 PM

Forest City Enterprises has announced this week new plans to develop a new mixed-use project in Frisco, Tex. The project, known as Frisco North, will include retail, residential and office space, as well as include entertainment features, public parks and various open spaces.

Lego headquarters expands, adding jobs

Published by Sarah on Friday, May 20 2011 at 1:14 PM

When many companies across the nation suffered through the global recession, at least one company had an unprecedented boost in sales. Lego, the classic building blocks company, announced they have converted one of their old manufacturing buildings into office space in Hartford, and plan on adding up to 75 jobs.

Capitol Broadcasting makes plans for major development

Published by Jamie on Thursday, May 19 2011 at 12:27 PM

Capitol Broadcasting is about to begin a major development project, building 283,00 square feet of retail and office space in downtown Durham. The project is set to stand directly across from the Durham Performing Arts Center.

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Omni Properties plans new office development

Published by Billy on Monday, May 16 2011 at 4:17 PM

With construction down in most markets across the nation, a sign of recovery has been news of development starting back up. In Providence, local real-estate investment firm, Omni Properties, is breathing life back into the Federal Hill neighborhood by building new office space.

Two Liberty Property goes to Parkway Properties

Published by Jamie on Saturday, May 14 2011 at 4:18 PM

Real estate group, Parkway Properties, has joined forces with Eola Capital LLC to buy out a 6-building portfolio for office space in Atlanta, Florida, and Philadelphia. The $462 million deal is set to close by June 30th.

UHC leases space at Phoenix’s CityScape

Published by Sarah on Friday, May 13 2011 at 4:46 PM

United Healthcare (UHC), one of the nation’s leading insurance providers, has released a statement saying they will be leasing new office space in downtown Phoenix at the new CityScape center.

Joint development to rehab historic building

Published by Billy on Thursday, May 12 2011 at 11:00 AM

Rochester-based developer Patrick Dutton is teaming up with Syracuse-based Franklin Properties to rehabilitate the Lincoln Alliance Building in downtown Rochester. The joint venture plan on converting building into Class A office space, and loft apartments.

Sears makes inquiries to move out of Illinois

Published by Sarah on Monday, May 09 2011 at 4:03 PM

Retail giant, Sears Holdings Corp, has confirmed they are looking to move their headquarters from their current Hoffman Estates office space. The company is in talks with the state to try and renegotiate a tax incentive to remain in Illinois.

Tishman Speyer takes over new office building in Arlington

Published by Sarah on Sunday, May 08 2011 at 4:20 PM

Real estate group, Tishman Speyer, has just acquired a new office building in Arlington, Virg. The 392,000 square-foot building is part of the 10 million square-foot portfolio the company has developed in the region.

Iowa City calls for more office space

Published by Billy on Saturday, May 07 2011 at 1:08 PM

The face of downtown Iowa City is set for change. The big college town’s downtown has been a focus for college students for years, bringing bars and restaurants to focus. With recent closures, city council is exploring other options such as high-end retail and office space.

Premier Business Centers opens new Texas office

Published by Jamie on Wednesday, May 04 2011 at 5:30 PM

Just a week after reporting their new office space in the Silicon Valley region, Irvine, California-based Premier Business Centers announced another office opening in McKinney, Texas. The center will mark the company’s 17th office in only 23 months.

Facebook moves to Menlo Park

Published by Sarah on Tuesday, May 03 2011 at 5:05 PM

In a move that has changed the face of San Mateo County’s vacancy rate, Facebook is moving out of their office space in Palo Alto, and into new space at Menlo Park.

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