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Office Property News

Courtesy of Morris Appraisal Inc. and Commercial Property News

The Graying of America: Age and Opportunity

10/28/2009 8:05 AM

The graying of America may arguably be one of the single most dramatic demographic megatrends shaping our landscape. Although the U.S. population growth for individuals age 55 and over during the past nine years hasnt been impressivefrom 21.06 percent to 24.17 percentgrowth for individuals age 55-64 increased by 30 percent over the same period. Giv...Read More

As San Antonio Office Market Rebounds, Transwestern Takes Over at 2MSF Mixed-Use

10/28/2009 8:05 AM

With San Antonio's office market rebounding in the third quarter, Transwesterns local office hopes to take advantage of that good karma with the contract to handle the real estate services assignment for the Brooks City-Base development there.

10/28/2009 8:05 AM

New York's loss is New Jersey's gain, as the Depository Trust & Clearing Corporation reveals plans to relocate 1,600 members of its 2,300-member staff to 415,000 square feet of space at the Newport Office Center in Jersey City. It's not a total defeat for New York, however; DTCC will keep its headquarters and its remaining 700 employees in...Read More

Corporate RE Departments Reorganizing, Downsizing, Outsourcing

10/28/2009 8:05 AM

As companies continue to grapple with the industry-wide downturn, they are increasingly looking to make their corporate real estate departments operate as efficiently as possible, according to a new report by CB Richard Ellis Inc. and CoreNet Global.

10/28/2009 8:05 AM

With the global financial crisis and frozen credit market having taking their toll, many property owners have been forced to sell distressed assets at bargain-basement prices just to survive. And for those investors who can still access financing, like partnership Northwest Investments L.L.C, opportunities abound to buy premium properties on t...Read More

A Ray of Sunshine?

10/28/2009 8:05 AM

The capital markets are on hold right now. The news is all about the lack of debt capital to refinance maturing loans and, on the flip side, the growing pool of equity capital waiting to invest in distressed assets, primarily debt. At some point assets will begin to change hands, but whether that process resembles a dam breaking or a steady flow is...Read More

To Shore Up Balance Sheets, REITs Like Brandywine Look to Divest Non-Core Assets

10/28/2009 8:05 AM

With loans still hard to come by, Brandywine Realty Trust is shoring up its balance sheet, reducing leverage and preparing for investment opportunities with the disposition of non-core assets, including two properties in Trenton, N.J. The REIT just completed the sale of the office buildings at 33 W. State St. and 50 E. State St., totaling 474,...Read More

As Gov't Demand Buoys DC Office Market; ING Makes $73M Sale

10/28/2009 8:05 AM

The Washington, D.C., office market may have reached a turning point in demand as the region experienced improved fundamentals last quarterfigures propelled by expanded demand for government office space. And if deals like the recent $73 million sale of an office building in Falls Church, Va., are any indication, buyers are taking interest in ...Read More

$330M HSBC Sale-Leaseback Makes Splash in Sluggish Market

10/28/2009 8:05 AM

With the commercial real estate market still hindered by a chilly credit market and declining property values, sale-leaseback activity has dwindled, but London-headquartered HSBC Holdings plc's HSBC Bank USA N.A. still sees some advantages in such deals. The financial services company has signed a $330 million cash sale-leaseback agreement wit...Read More

Sluggish Miami Office Market Buoyed by 80,000SF Financial District Pre-Lease

10/28/2009 8:05 AM

While Miami's office market vacancy rate lingers beneath the U.S. average, it has not gone unscathed by the worldwide economic crisis. However, law firm Bilzin Sumberg Baena Price & Axelrod L.L.P's pre-lease of 80,000 square feet at the 576,000-square-foot 1450 Brickell office tower downtown has players in the Miami office market game buzz...Read More

Century City Office
Century Park Plaza
24th Floor
1801 Century Park East
Los Angeles, CA 90067
Phone: 310-282-9917
Fax: 310-765-6311

Encino Office
Encino Gateway
7th Floor
15760 Ventura Blvd.
Encino, CA 91436
Phone: 818-995-9404
Fax: 310-765-6311