The loss of more than 4 million jobs over the last 15 months has pushed the national office vacancy rate in 2008 to 14.5% , up from 12.6% in 2007 (based on 79 office markets tracked by the Bureau of Labor Statistics). Office rents grew from 9% to 10.6% between 2006 and 2007, but started a moderate [...]
Archive for March, 2009
Advantage: Tenant
Posted in commercial real estate, downsizing, Green Building, headquarters, lease, new office, office space, oregon, square feet, start up, sublease, Vacancies, tagged commercial real estate, job loss, lease, office space, renewal, square feet, square foot, sublease, tenants, vacancy rate on March 31, 2009 | Leave a Comment »
Market Monitor for Portland|Seattle March 2009
Posted in building sale, commercial real estate, downsizing, headquarters, new office, office brokerage, office space, oregon, portland, square feet, Vacancies, tagged amb, blackrock, buildings for sale, commercial real estate, dermody, ikea, industrial, legacy, office buildings, retail property, robert duncan plaza, schnitzer, seattle tower, square feet on March 30, 2009 | Leave a Comment »
The Investment Team at Pacific Real Estate Partners distributes a monthly report to clients updating them on the latest activity in the market. This report covers disposition (sales) activity for the enitre Pacific Northwest. Personally, I think the IKEA store is the best buy option on the market right now, but that’s based purely on my love of swedish meatballs [...]
Who’s On the Move – Week Ending 3/27/09
Posted in commercial real estate, headquarters, lease, new office, office brokerage, office space, square feet, start up, sublease, Vacancies, tagged blacktoe medical, commercial real estate, evanta, evergreen plaza, koin center, kruse way, maxim healthcare, milliman, office buildings, office space, oregon post adoption, pacific plaza, security design group, square feet, tualatin corporate center on March 30, 2009 | Leave a Comment »
The big story today in commercial real estate is the failure of national mall owner General Growth Properties to secure a nine month extension from bondholders. Based in Chicago, GGP is now on the verge of filing banktruptcy and trying to work out payment to banks, pension holders and bondholders. GGP has warned the SEC [...]
New Office Building on the Columbia River
Posted in building sale, commercial real estate, lease, new office, office brokerage, office space, square feet, tagged CE John, commercial real estate, kms financial, lease, office building, office condo, square feet, vancouver on March 25, 2009 | Leave a Comment »
C.E. John Co. will be opening a new $5 million project on the banks of the Columbia this spring. The structure is at 2001 S.E. Columbia River Drive, next to Beaches Restaurant & Bar. Referred to as the Columbia Shores Development, the two-story office condo building has four units totaling 22,450 square feet. KMS Financial Services has [...]
Hynix Semiconductor Campus For Sale
Posted in building sale, commercial real estate, downsizing, headquarters, office brokerage, oregon, tagged acres, clean room, commercial real estate, eugene, fab, for sale, HP, hynix, office building, square feet on March 24, 2009 | 1 Comment »
The former Hynix Semiconductor plant in Eugene, Oregon is on the market for sale. With 1.2M square feet on 200 acres, this property is similar in size to the HP campus in Camas, WA (which is rumored to have a new buyer of that campus announced in the coming weeks). The campus has three buildings [...]
Who’s On The Move – Week Ending 3/20/09
Posted in commercial real estate, headquarters, lease, new office, office brokerage, office space, oregon, portland, square feet, start up, sublease, Trends, Vacancies, tagged AmberGlen, americasa, coherent, commercial real estate, golden signals, headquarters, lincoln tower, office buildings, office space, purple communications, serverlogic, square feet, stonemill, sublease, vancouver center on March 23, 2009 | Leave a Comment »
This week’s wrap up of moves is showing more activity, but there are still a large number of companies currently in the market for new office space. I expect to see more announcements over the coming weeks as groups like Survey Monkey, Eleven Wireless, Credence, Elemental Technologies, Forrester, NexPlanar, New Horizons, Kaiser Permanente, Becker Capital, [...]
SolarWorld Announces 40% Expansion Plan
Posted in build to suit, commercial real estate, headquarters, square feet, tagged commercial real estate, hillsboro, industrial space, office space, SolarWorld, square feet on March 20, 2009 | Leave a Comment »
SolarWorld continues to invest in Oregon with the very recent announcement of expansion plans. The manufacturer will add another 210,000 square foot facility to it’s 100 acre campus in Hillsboro. This brings the total square feet under the SolarWorld umbrella in Hillsboro to 690,000. This is great news for Oregon as manufacturing in other sectors, [...]
Ziba Design Headquarters Taking Shape
Posted in build to suit, commercial real estate, Green Building, headquarters, LEED, new office, office space, portland, square feet, tagged build to suit, commercial real estate, headquarters, holst, LEED, office building, office space, pearl district, square feet, ziba design on March 20, 2009 | 2 Comments »
Other features such as wall-mounted digital sketch boards and wireless access throughout are being incorporated to spur creativity and flexibility among the talent. Ziba plans to move into their new offices in August of this year. The building is going for LEED Gold certification, so sustainability and energy efficiency have been taken into account along [...]
Commercial Real Estate Loans Coming Due: Another Big Hurdle
Posted in commercial real estate, Forecast, office space, retail brokerage, square feet, Trends, tagged clackamas town center, cmbs, commercial real estate, general growth properties, ggp, maturities, office buildings, office space, pioneer place, REIT, square feet, valuations on March 18, 2009 | Leave a Comment »
According to a recent report from Oakland, Calif.-based research firm Foresight Analytics, an extremely tight credit market coupled with $814 billion in maturing loans over the next three years could prove to be a toxic mix that delays recovery and puts pressure on valuations. A total of $296.2 billion in loans originated by banks, [...]
Commercial Real Estate Update: Office Space Opportunities
Posted in commercial real estate, office brokerage, office space, Trends, tagged commercial real estate, credit market, landlords, leasing, occupancy, office properties, office space, renewals, rental rates, square feet, tenants, vacancy on March 18, 2009 | Leave a Comment »
Office Leasing : Advantage Tenant Recent reports are saying the same thing: the office market is fast becoming a tenant’s market. Nationwide, the vacancy rate rose steadily through 2008 with a spike toward the end of the year. This increase in vacancy is applying downward pressure on rental rates, decreasing occupancy costs, and increasing the [...]
National Real Estate Investor- NYC Remains a Top Investment Target for Multifamily Buyers February 6, 2012
- JLL GreenBlog
- Sustainability’s arch-enemy: short-termismPosted by: Dave Gralnik Energy and Sustainability A United Nations Environmental Programme (UNEP) report last week found that the biggest obstacle to corporate sustainability is “financial short-termism”. Of the 642 experts surveyed, 88 percent see the pressure for achieving short-term financial results as a barrier to companies taking stronger action on […]
- Sustainability’s arch-enemy: short-termism
- Retail Traffic
- DDR Launches Tenant Incubator Program February 3, 2012The program will help new business owners set up shop at DDR properties.
- DDR Launches Tenant Incubator Program February 3, 2012
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