Archive for the ‘Commercial Property’ Category

Office space demand increasing in Fairfield County

Friday, October 23rd, 2009

CB Richard Ellis released its Third Quarter 2009 Fairfield County Market Report this week.

Leasing activity, according to the report, has climbed 53% from levels in Q2 as office space demand rises.

Despite this, the market still registered negative net absorbtion of more that 1.8 million square feet year-to-date.

Commercial property sales drop in Loveland, Collorado

Friday, October 23rd, 2009

Available office space in Loveland and Fort Collins, Colorado, has doubled since 2007.

Pete Cowdin, owner of Re/Max Action Brokers, said “We are definately in a decline.

“Everyone is expecting things to get worse before they get better.

New office space complexes in Las Vegas

Friday, October 23rd, 2009

Equity Building Services will complete two business complexes in Las Vegas this month.

A quarter of a million square feet of commercial property will become available.

Four different sized units will be available for rent.

Opelousas business incubator hopes fading

Friday, October 23rd, 2009

St Landry Economic and Industrial Development District Executive Director Gerard Perron told his board this week that plans for a business incubator inĀ Opelousas were unlikely to come to fruition.

The plan had originally been to purchase 150,000 square feet of office space and rent it out to new businesses at below-market rents.

Unfortunately, Perron believes that the organisation cannot afford the $800,000 purchase of the building.

Indeanapolis law firm acquires more unusual office space

Friday, October 23rd, 2009

Law firm Plews Shadley Rache & Braun has added new office space to its unconventional collection.

The environmental law firm now owns three historic buildings and an office block built in the 1950s.

The fact that the company owns, rather than rents its commercial properties, and that for a small firm it uses multiple buildings, is unusual.

“Balloon Boy” family allegedly lived in office space

Friday, October 23rd, 2009

New details have emerged about the family who fasley claimed their son was in a flying hot air balloon.

Unconfirmed reports say that the Heene family lived in the office space of father Richard Heene in Santa Monica

There are also claims that the family left the office space without paying the last installment of rent.

Commercial property company launches “Win an Office”

Friday, October 23rd, 2009

Regus, the global provider of workplace solutions, has launched a new sweepstake.

One small business or entrepreneur will win a year of office space in one of Regus’ New York City locations.

Businesses may enter the sweepstakes from October 19 to December 31.

New office complex in Tyler, Texas

Friday, October 16th, 2009

Phoenix Managed Properties and Development Inc. is working on its third set of office buildings in Tyler, East Texas.

Construction on the new complex started in late September.

Once finished, the building will provide 8,650 square feet of office space.

Huntsville Mayor to revitalise commercial properties

Friday, October 16th, 2009

In Huntsville, Alabama, Mayor Tommy Battle has introduced a committee of local leaders who are charged with regenerating the area.

The Downtown Advisory Committee will create a long-term plan to attract businesses to the area.

The town currently has 500,000 square feet of vacant office space.

Tacoma, WA: office space plans for Pacific Plaza

Friday, October 16th, 2009

Tom Absher and Dan Putnam, owners of Pacific Plaza in Tacoma, will ask city officials for permission to rent out some of their building as office space rather than retail space.

The building has recently been rennovated from a city owned parking garage to become a multi-purpose commercial property.

Due to the public private partnership between the owners and the city, the authority has some say over the use of the ground floor.