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Posts Tagged ‘downsizing’

TechDex (apps|provider|hardware|var) Central Business District Avatron Software – One Main Place | 101 SW Main St | 4,834 SF Eastside Finishing Technologies – Airport Way Biz Center | 205 Airport Way | 14,077 SF Westside MIPS Technologies – Summit Building | 1260 NW Waterhouse Ave | 6,973 SF Prolifiq Software – The Round | 445 [...]

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Between Sony Pictures laying off another 450 employees in March and Movie Gallery filing for Chapter 11 again, one would find it hard to believe the entertainment industry just came off one of their biggest years ever.  But technology, maybe more so than the economy, seems to be the major impetus behind this latest round of [...]

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Waldenbooks, a division of Borders, is closing 200 stores nationwide and eliminating 1,500 jobs. The stores have been closing down, 66 a year on average, since 2001. Following this latest round of closures in January 2010, there will be 130 stores remaining.  The typical Borders store size is 25,000 square feet while Waldenbooks runs closer [...]

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Activity has definitely picked up post Labor Day, with many firms looking to upgrade their space now that rates are the lowest they’ve been in at least 3 years.  The larger tenants are continuing to renew, such as Wells Fargo, but a few are making moves to newer space. McCormick & Schmick’s will be vacating the [...]

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As many of you know, LTX-Credence made the decision to pull much of their presence from Hillsboro, Oregon last year. It started with the company announcing it’s sale-leaseback deal in January 2008.  The two building portfolio (72,000 SF and 112,000 SF between the two structures) was sold to local real estate investor/owner Barry Menashe for a cool [...]

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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 [...]

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