Sublease Space Chokes Downtown Chicago* Companies have put more than 3 million sq. ft. of office sublease space on the market in downtown Chicago through the third quarter of 2008, marking a three-year high, according to locally based MB Real Estate. Nearly 1 million sq. ft. of new sublease space was added in the third [...]
Archive for December, 2008
The Benefit of Few Fortune 500 Firms in Portland
Posted in commercial real estate, downsizing, headquarters, tagged absorption, chicago, downsizing, square feet, sublease on December 19, 2008 | 1 Comment »
Who’s On the Move? – Week Ending 12/12/08
Posted in commercial real estate, office brokerage, tagged beaverton, leased, madsense, morgan building, office buildings, office space, paulson, portland, real estate, relocated, spaulding building, square feet, square foot, staccato, unitus plaza, wells fargo center on December 15, 2008 | Leave a Comment »
It was another slow week of lease transactions in Portland. The majority of the companies announcing moves fell under the financial services and insurance categories interestingly enough. The largest deals were Paulson Capital, who renewed 17,136 SF at the Paulson Building (811 NW Naito); Premier Source LLC, who leased 13,321 SF at the Spaulding Building [...]
Building in Tigard Triangle Finally Sells
Posted in building sale, commercial real estate, tagged deacon development, farmers insurance, sd deacon, square foot, tigard, tigard triangle on December 12, 2008 | Leave a Comment »
So the building that sits at the crux of the I-5/Hwy 217 interchange has finally sold. Deacon Development Group purchased the office building at 13333 S.W. 68th Parkway in Tigard, OR, from Farmers Insurance Group for $8.5 million, or $78 per square foot. The five-story, 109,500-square-foot property at 13333 S.W. 68th Parkway was built in 1969. [...]
The Vestas Love Affair Continues…
Posted in build to suit, commercial real estate, Green Building, headquarters, LEED, tagged CBD, portland, rent, square feet, vacancy rate, vestas, wall street journal on December 10, 2008 | Leave a Comment »
It appears the Wall Street Journal has taken notice of the Portland-Vestas Wind Systems love affair, announcing the 500,000 SF headquarters decision I blogged about in an earlier post. Vestas has expanded into an additional 18,000 SF at Harrison Square (1800 SW First Avenue) bringing their total square footage across three buildings between Naito Parkway and First [...]
Who’s On the Move? – Week Ending 12/5/08
Posted in commercial real estate, start up, tagged clearwire, commerce park, commercial real estate, goodman networks, hilltop business center, leanpath, lease, office space, pinpoint logic, portland offices, reid building, rumblefish, square feet, sublease on December 8, 2008 | Leave a Comment »
Wow! It was a slow week of activity for commercial real estate office transactions in Portland last week. Again, the majority of transactions are in the healthcare industry (lots of clinic expansions and doctor offices) and financial services (mostly moving into more economical space). Only a few groups in the indices I track made moves, with manyothers holding until January 2009. There [...]
Who’s on the Move? – Week Ending 11/28/08
Posted in commercial real estate, office brokerage, tagged axiom, clean tech, commercial real estate, Creekside Business Park, earth class mail, garagegames, hardware, hillsboro, lease, location, mania technologie, new office, office space, portland, Quad 205, rate, relocated, software, square feet, technology, vancouver, vestas, wilder technologies on December 1, 2008 | 2 Comments »
Another Thanksgiving passed us by and, in the wake of all things turkey, left us with just a few done deals for the week. For the past two years, December has been a very busy month with many companies trying to secure office leases before year end due to tax and other benefits. However, this [...]