St. Louis developer sentenced for fraud

Published by Billy on Thursday, July 29 2010 at 6:19 PM

Earlier today, a St. Louis developer was sentenced after pleading guilty to fraud charges for a rehab on a condo and office building in St. Louis. Clayton Hargrave of Jacksonville, Flor., plead guilty in May for one count of wire fraud, and was sentenced to eight months work release and ordered to pay $147,000 in restitution.

Amata Office Centers earns Business Center of the Month Award

Published by Sarah on Wednesday, July 28 2010 at 11:49 PM

Amata Office Centers, a Chicago-based office provider, has been named July’s Business Center of the Month. With five locations in the Chicagoland area, decided to name their most recent addition at CityGate Centre in Naperville the winning facility.

The Modis Building loses anchor tenant

Published by Jamie on Tuesday, July 27 2010 at 11:03 PM

The Modis Building, located in Jacksonville, Flor., will be losing a key tenant early 2011. Adecco, an international staffing firm, has confirmed they have leased new office space on the southside of Jacksonville in Deerwood Park, leaving behind it's downtown Jacksonville offices in March.

Reno vacancy rates swell

Published by Sarah on Sunday, July 25 2010 at 8:37 PM

Though several markets throughout the nation are seeing some improvements, office space in Reno has certainly seen better days. Northern Nevada is averaging a 21.9 percent vacancy rate, though downtown Reno is donning 28 percent vacancy.

UShip quadruples size of office space in Austin

Published by Billy on Saturday, July 24 2010 at 3:18 PM

Rising demand and exponential hiring were all the reasons uShip needed to move. The company, which hosts online auctions for shipping services, will be moving to new office space downtown Austin by December 1st.[/p]

Hispanic Chamber moving to new office space

Published by Billy on Friday, July 23 2010 at 4:49 PM

The Hispanic Chamber of Commerce released a notice confirming they are moving their headquarters to new office space in downtown San Antonio. The Chamber has been subleasing space from the city in the Alameda Building for the past four years, a lease that is up at the end of August.

Rona buys two prime Jackson Square office buildings

Published by Sarah on Thursday, July 22 2010 at 10:28 PM

Private investor company, Rona Real Estate LLC, has purchased the five-story multi-use Pansini office building in San Fransisco's rising neighborhood of Jackson Square in San Fransisco. Rona bought the building from Savoy Corp along with a single-story office building in Petaluma for a combined total of $16 million.

Mortgage company opens 2 new Florida offices

Published by Jamie on Wednesday, July 21 2010 at 5:22 PM

J.I. Kislak Mortgage LLC has confirmed they are planning to open new storefront office space in Orlando. The Miami Lakes-based real estate group, who currently has offices in Kissimmee and Winter Park, is looking to hire several new staff members to help with underwriting in the central Florida district.

New York to consolidate office space, saves $50 million

Published by Jamie on Tuesday, July 20 2010 at 6:31 PM

In a move akin to Washington, DC, Manhattan office space will be undergoing a mass consolidation to save money. The government will not be renewing upcoming leases, and rather plans on moving employees around to save an estimated $50 million a year on space.

Fannie Mae moves to Addison office space

Published by Sarah on Monday, July 19 2010 at 8:26 PM

Government mortgage investor, Fannie Mae, has leased office space in Addison, Tex, according to sources. The company will be moving into 100,000 square feet of space once occupied by real estate firm, Staubauch Co.

Fort Lauderdale office space set for foreclosure

Published by Billy on Sunday, July 18 2010 at 10:43 PM

Amid a flurry of foreclosure activity, Fort Lauderdale office space may be going into foreclosure, according to sources. Fort Lauderdale Executive Airport has defaulted on a commercial mortgage-backed securities (CMBS) fund, backed by Bank of America.

Hope behind high Las Vegas vacancy

Published by Sarah on Friday, July 16 2010 at 4:04 PM

According to a report recently released by Colliers International, Las Vegas office space has hit a vacancy of 23.5 percent, significantly higher than most major markets in the U.S. This report comes as a shock to the system for many who believe the recession has been turning around.

Premier Power opens new California office

Published by Jamie on Thursday, July 15 2010 at 11:03 PM

Premier Power Renewable Energy Resources, Inc. has signed for new office space in Anaheim. This is the first southern California office for the El Dorado Hills-based company.

Law firm expands to Seattle

Published by Sarah on Tuesday, July 13 2010 at 10:38 PM

Houston-based law firm adds another office to their global portfolio.

Chicago honored as the nation's greenest city

Published by Billy on Monday, July 12 2010 at 11:11 PM

The United States Green Building Council have titled Chicago as the greenest city in the U.S. The news might come as a surprise to many, but for Chicago's Mayor Richard Daley this is an honor worth working hard for.

Gas Co. renews Los Angeles lease

Published by Sarah on Saturday, July 10 2010 at 6:11 PM

Southern California Gas Co. announced in a statement they have renewed their lease for their office space in Los Angeles. The gas company signed a 15-year lease for 350,000 square feet at MPG's Gas Company Tower, though additional terms of the deal were not disclosed.[/p]

Solera Holdings planning executive relocation

Published by Billy on Saturday, July 10 2010 at 12:22 AM

Software services provider Solera Holdings announced they plan on moving from their office space in San Diego to new space in Dallas. Though they are maintaining their California offices, most of their top executives will be relocating, broadening their footprint in the south.

ESPN Magazine consolidates, moves to Connecticut

Published by Billy on Thursday, July 08 2010 at 10:14 PM

ESPN Magazine consolidates their office space and brings their Manhattan employees to Bristol.

American Spectrum purchases Houston office buildings

Published by Jamie on Wednesday, July 07 2010 at 10:31 PM

Texas-based real estate firm, American Spectrum, confirmed today they have purchased new office space in Houston. The new space comes in the form as two office buildings located in Houston's Galleria area.

Skype finds new space in Silicon Valley

Published by Sarah on Tuesday, July 06 2010 at 8:11 PM

Skype Technologies announced on Friday it will be consolidating their Silicon Valley offices into 90,000 square feet of office space in Palo Alto. The online phone company currently employs 80 people, which are spread throughout their current space in the San Jose and Brisbane area.

Six Flags condenses headquarters to North Texas

Published by Jamie on Saturday, July 03 2010 at 4:01 PM

After settling their recent bankruptcy hearing Six Flags Entertainment Corporation has decided to shut down their office space in Manhattan and condense all executives to their North Texas office. After multiple acquisitions over the past several years, the company is refocusing their attention on their theme park strengths.

Baltimore occupancy rates pale compared to suburbs

Published by Billy on Friday, July 02 2010 at 1:12 PM

Based on two separate reports, suburban Baltimore is seeing life come back to its office market. While office space in downtown Baltimore continues to linger around 20 percent, reports released by Cushman & Wakefield Inc and Makenzie Commercial Real Estate Services LLC have good news for two submarkets in particular.

Miami welcomes new office center

Published by Billy on Friday, July 02 2010 at 12:52 PM

A new office center opens in the landmark Alhambra Plaza in downtown Coral Gables, FL.

Indianapolis vacancy rise high, but stabilizing

Published by Sarah on Thursday, July 01 2010 at 4:54 PM

The state of office space in downtown Indianapolis has been teetering for the last few months. Vacancies across the city have risen from 19.3 percent to 22.2 percent, which leaves the area with a significant amount of space to fill. However, with recent leasing developments the city is starting to see the silver lining.