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officebroker.com announce their Business Center of the Month winner

Published by Sarah on Friday, April 30 2010 at 5:38 PM

Office rental experts officebroker.com has recently announced their new plan to reward excellence in the U.S. office industry. With relationships strong with over 2,000 providers nationally, officebroker.com knows exactly what it takes to be a successful office provider. Just this month, the company decided to roll out a monthly recognition award for excellence, and they have found the Business Center of the Month winner.

Alpharetta Business Center, operated by Corporate Office Centers (COC) in Alpharetta, GA has been announced as the first winner of this prestigious award. Despite the impressive center, it isn’t just a good looking office facility that earns the award. The decision is based on a few key criteria: “high levels of service, a positive online profile, and a good working relationship with the officebroker.com team” according to officebroker.com.

New multi-use building going up at Starpointe Business Park

Published by Billy on Thursday, April 29 2010 at 10:31 PM

Construction started today on a new multi-use building in Starpointe Business Park. The development is the sixth building to go up, and will accommodate industrial, warehouse, and office space near Plymouth, Penn.

California proposes to sell office space

Published by Sarah on Wednesday, April 28 2010 at 10:58 PM

In a move proposed to help the state’s budget crisis, Governor Schwarzeneggar set forth a controversial plan to sell 11 state-owned office buildings in California. Though in theory, the leasing back of the office space is supposed to a big money generator, it’s gaining criticism across the state.

Colliers absorbs West Shell Commercial

Published by Jamie on Tuesday, April 27 2010 at 11:08 PM

West Shell Commercial in Cincinnati, OH announced today it will be joining real estate forces with Colliers International. West Shell will officially be operating under the Colliers name effective May 1st.

Government searches Baltimore for office space

Published by Billy on Monday, April 26 2010 at 7:24 PM

As many real estate experts have predicted, the government is seeking to expand their office space Baltimore to accommodate for expansion due to the recently passed health care law. The General Services Association (GSA)is reportedly seeking out 200,000 square feet in the Woodlawn are of Baltimore.

High hopes for Concord

Published by Sarah on Sunday, April 25 2010 at 2:27 PM

As the economy starts to turn, various markets across the nation are starting to plan for the future once again. Concord, Calif. is just that city, perfectly poised for business growth with its high-tech workforce and low business costs. And Concord knows it!

Developers vie for Freedom Tower

Published by Billy on Saturday, April 24 2010 at 10:48 PM

In a surprising turnaround for the World Trade Center development, know as Freedom Tower, several companies have come forward to place their bid on a minority stake of the famous office tower.

California investor expands Austin portfolio

Published by Jamie on Friday, April 23 2010 at 11:28 PM

PS Business Parks, a Glendale, Calif.-based investor, paid cash on Wednesday to expand its portfolio in Austin, Tex. The deal includes 704,000 square feet of both warehouse and office space spread across 13 single-story buildings.

Orlando office space up on auction block

Published by Jamie on Thursday, April 22 2010 at 5:40 PM

The remaining office condos located in The Plaza are going up on the auction block this evening. Several of the developer’s downtown Orlando offices are included in the auction, selling for minimum bids of $205,500 for individual units to $4.8 million for the entire 61,545 square foot space.

City-County open joint office in Syracuse

Published by Sarah on Wednesday, April 21 2010 at 6:59 PM

State government is shaking things up in Syracuse, NY. The City of Syracuse is teaming up with Onondaga County to open a joint office space in downtown Syracuse. After a relatively quick search for the ideal space, the City-County has set their sights on the brand new Washington Station building in Armory Park.

Orange County welcomes two large tenants

Published by Billy on Tuesday, April 20 2010 at 10:40 PM

Two large companies have decided to take advantage of the low rent rates and are moving into new office space in Orange County, CA. Wilmington, Del.-based credit card issuer, MBNA and Chicago-based Aon Corp. are making waves as they take a considerable amount of the empty space in the O.C.

Chicago lease rates still hovering at the bottom

Published by Jamie on Monday, April 19 2010 at 9:00 PM

A report issued by Studley this week have been monitoring the cost of office space in the Chicago area, watching it slump deeper and deeper into cheaper rents. Rents have dropped steadily for the last two years, and the forecast is not predicting it them to rise anytime soon.

Cambridge residents oppose office conversion

Published by Sarah on Sunday, April 18 2010 at 4:02 PM

Neighborhood residents are resisting builders’ plans to convert vacant property into office space in Cambridge, Mass.

RedPrairie relocates to Atlanta

Published by Billy on Saturday, April 17 2010 at 10:35 PM

A spokesperson for Waukesha-based RedPrairie confirmed late Wednesday that they will be relocated their offices to Atlanta, GA. The software company will be looking for 100,000 square feet of new space to accommodate for the 300 jobs they will be adding to metropolitan area.

Yahoo wins approval to build massive office complex

Published by Jamie on Friday, April 16 2010 at 10:45 PM

Yahoo received approval to construct a brand new 13-office building complex in Santa Clara, Calif. Next stop: City Council.

LivePerson moves headquarters to Garment District

Published by Billy on Thursday, April 15 2010 at 11:04 PM

Online real-time experts, LivePerson, announced recently they will be moving their heaquarters to new office space on Manhattan’s Garment District. The company is currently spread over two floors and 18,000 square feet of space at 462 Seventh Ave. In a move to consolidate, they decided the new building at 475 Tenth Ave would be perfect.

Former Coca-Cola plant converts to multi-use space

Published by Jamie on Wednesday, April 14 2010 at 9:39 PM

Two developers broke ground this week to remodel former Coca-Cola plant, and converting the floor plan into residential and commercial office space.

Why use a broker to help you find your new office?

Published by Sarah on Tuesday, April 13 2010 at 12:35 PM

This is a question many people ask when they begin their search for new office space. It might seem like a simple task with a quick solution, but the truth is the process for leasing new space can be both time consuming and overwhelming.

Construction company opens office in N.C.

Published by Jamie on Monday, April 12 2010 at 9:32 PM

With construction at a halt in most U.S. markets, company expansions within the construction industry is not something you would expect to hear. But as was reported this week, Integrated Construction LLC is opening office space in Hickory, N.C.

Arizona non-profit could lose office space

Published by Sarah on Sunday, April 11 2010 at 7:02 PM

A Peoria-based non-profit organization in Arizona, who lends medical equipment to West Valley residents, received notice about eight months ago that they would have to vacate their current office space near Glendale because their building would be demolished.

New photos added to online profile

Published by Billy on Saturday, April 10 2010 at 11:19 AM

And office provider in Richardson, Tex. has added new photos to their officebroker.com profile.

Report grim for San Fran office market

Published by Jamie on Friday, April 09 2010 at 11:51 PM

According to a recent report released by brokerage firm Studley, the San Fransisco office market is still down, lingering around the 20 percent range of vacancies. Landlords concerns remain high that these vacancies are putting the power into tenants’ hands, making it a buyer’s market.

First Potomac signs two new deals in Maryland

Published by Sarah on Thursday, April 08 2010 at 11:14 PM

First Potomac Realty recently signed two new big leases in office space in Maryland. The company signed a 12-year lease with communication’s corporation, Vocus, and a five-year lease with FF&E Logistics, according to Market Watch.

Chicago East Loop office building finally bought out

Published by Jamie on Wednesday, April 07 2010 at 4:56 PM

Urban Street Properties, a small investment firm in Chicago, has officially purchased a foreclosed East Loop office building at 203 N. Wabash. John Hancock Life Insurance Co. foreclosed on the 27-story building located last July after building owners failed to pay on their $9 million in property taxes. Urban Street was able to purchase the loan from John Hancock, and investors happily handed over the title.

Memphis loses construction jobs

Published by Billy on Tuesday, April 06 2010 at 9:20 PM

Construction has been down in significant numbers across the United States, leaving high unemployment rates within the construction industry specifically. A report released by the US Bureau of Labor and Statistics is revealing only 10 out of 337 metropolitan areas have added construction jobs from February 2009 to February 2010, and Memphis, Tenn. was one of the unlucky.

Nashville sees signs of life in commercial real estate market

Published by Sarah on Monday, April 05 2010 at 11:27 PM

After a gruesome 2009, CBRE is showing signs of life in the Nashville office market. A recent report released by the real estate firm states that Q1 showed positive net absorption, a result virtually unheard of during these times. The office sector ended the quarter with a vacancy rate of 14.5 percent, according to Nashville Business Journal.

New York places a freeze on construction

Published by Jamie on Sunday, April 04 2010 at 11:15 PM

The state of New York has officially placed a temporary statewide freeze on funding for construction projects. The decisions went into effect on April 1st and could potentially halt several hundred current projects across New York, resulting in further worker layoffs.

Aviva opens offices in Des Moines

Published by Jamie on Saturday, April 03 2010 at 10:33 PM

Aviva Investors North America have signed a lease for 66,000 square feet of office space in Des Moines, IA. The company confirmed it will be moving into the 10th and 11th floors of the of the 13-story Davis Brown Tower, leaving the building 95 percent leased. Building owners are hoping to dedicate the remaining 8,400 square feet of space to a restaurant or retail company.

Cincinnati commercial loans on the rise

Published by Billy on Friday, April 02 2010 at 12:56 PM

New York-based research firm, Trepp LLC, released a report that stated Cincinnati's commercial real estate's mortgage-backed loans (CMBL) have risen to 9.8 percent in March, over 2 percent higher than the national average.

Launch of soundproof paint expected to benefit the property industry

Published by Jo on Thursday, April 01 2010 at 10:40 AM

The commercial property market and representatives from the business world have today greeted the launch of a brand new product - soundproof paint - with widespread praise.