New Virginia office tower possibility for Reston

February 29, 2012

Reston could have a 23 story mixed-use tower constructed.

The town center of Reston could be set for a major overhaul if plans are agreed to replace an office building with a mixed use commercial and retail property.

A 23 story mixed-use property which will contain 418,000 square feet of office space and retail space is waiting to be given the go ahead by local planning authorities in Virginia.

The town of Reston, situated close to Lease Washington office space to rentWashington, DC’s Dulles International Airport could see its skyline reshaped if plans are granted to allow the building of the tower, which would replace a 61,000 square foot office.


New York office market at cross roads

February 27, 2012

New York is bracing itself for new office developments.

New York City’s office market could face an uncertain future as the commercial property market steadies itself for an influx of new offices at the same time as less space is being leased.

New York City commercial property landlords believe that there is little to worry about with the expected completion of Lease Manhattan office space to rentManhattan office space in the next two years.

This is despite the fact that the city will see the largest influx of office space since the late 1980s combined with less office space in New York being leased.


Boston office space leased to The Parthenon Group

February 26, 2012

The Parthenon Group has agreed to lease nearly 50,000 sq ft of office space in Boston.

The strategic advisory firm will occupy two floors at 50 Rowes Wharf from early 2013.

Strategic advisory firm The Parthenon Group has announced it will occupy office space at 50 Rowes Wharf, Boston from early 2013.

Currently located at 200 State Street, the firm will take 46,000 sq ft on the fifth and sixth floors in the iconic Boston property when their lease begins next year. Owned by Equity Office Properties, 50 Rowes Wharf offers panoramic views of Boston Harbor and 345,000 sq ft of first class office space. (more…)

US firms looking for Dublin move

February 24, 2012

American firms are investing in the Irish Republic.

A host of American companies are taking advantage of the favorable taxation system abroad by setting up regional headquarters in the Republic of Ireland.

The Republic of Ireland’s capital Dublin has been inundated with office space requests from American corporations who are looking to benefit from generous tax breaks on the isle.

So far businesses such as Yelp, Facebook, Google and  Paypal have all take on commercial properties in the Irish capital meaning that the country is recovering after racking up debt in the 2000s.


Minnesota office market experiencing peaks and troughs

February 22, 2012

The Minnesota office market has had a mixed few months.

A commercial office market in the midwest has received mixed news in relation to the commercial office market after an interesting few months.

Mixed fortunes have been recorded for Minnesota office space, with the North Star State still looking to fill large office vacancies in the commercial property market despite deals being completed elsewhere.

As ever the main focus is on the twin city region of St Paul and Minneapolis, with both showing signs of promise that the worst of the economic hardships are coming to an end.

Although there have been significant developments which have seen $152.9 million of Minnesota office space deals agreed, the state still has office vacancies.


Amazon to build three office towers in Seattle

February 20, 2012

Amazon wants to build three office towers in Seattle.

One of the world’s largest online companies is expected to increase its offices in Lease Washington office space to rentWashington State with the purchase of three commercial properties in north west USA.

Internet retail giant Amazon is planning to create more office space in Seattle after purchasing three commercial properties in the Washington State city.

If they are successful then it means that Amazon will have increased Seattle’s commercial property market by approximately 7% in one of the best performing office markets in the USA.


Tishman Speyer to buy US office portfolio

February 19, 2012

Tishman Speyer are to take over offices from their Australian affiliates.

An American real estate investment trust is due to take over 18 offices across the USA which were originally part of the office portfolio of their Australian affiliate branch.

American commercial property firm Tishman Speyer have taken over the US office portfolio of Tishman Speyer Office Fund after buying out their Australian subsidiary.

It means that a further 16 office buildings across America will form part of the Tishman Speyer office portfolio from New York City through to Seattle.


Parmenter take over offices from KBS in Houston

February 17, 2012

KBS has sold its office tower to Parmenter.

Another Houston office tower has been sold, making the Texan city one of the busiest places to see deals in 2012 as the commercial property market appears immune from financial troubles.

Parmenter Realty Partners have agreed to purchase Houston office space which sees a class A office tower changing hands from the former owners KBS Real Estate Investment Trust.

The Houston office property offers 201,720 square feet of office space which has been marketed by Holliday Fenoglio Fowler on behalf of KBS, who have relinquished their hold on the site at 2200 West Loop South.


Utah office market forecast to grow in 2012

February 15, 2012

Cushman & Wakefield have released their Utah office market forecasts.

Office markets in the largest counties of Utah have been scrutinised by a subsidiary of Cushman & Wakefield as the commercial real estate management firm look to predict what 2012 holds for the Beehive state.

A report by Commerce Real Estate Solutions has been produced outlining what the company expects of the Utah commercial office market for the next twelve months.

CRES, a subsidiary of Cushman & Wakefield have outlined what they expect from the strongest counties within the Beehive State, with the Salt Lake County market expected to see an increase in office buildings.


Pearson agree office deal in Hoboken

February 13, 2012

New offices will be constructed for Pearson.

An educational company have agreed to move closer to the Hudson River as they opt for new offices along the New Jersey shore line.

Pearson have agreed a deal to move their offices from Upper Saddle River to Hoboken, with the British educational firm enticed by the overtures from landlords SJP Properties.

The agreement will see Pearson take up 200,000 square feet of New Jersey office space in 2014 when the Waterfront Corporate Center III has been completed.


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