EconWatch.com > Economy slowing commercial market

[Stories: Local News] Bigger swaths of space have been leased by The Boston Consulting Group, and an Atlanta law firm, both of which leased space at 12th & Midtown, a new 3 million square-foot project that includes hotel, retail and residential space being built by a development group that includes Daniel Corp.

Previous [Previous] Sports commissioners focusing on economy - Other sports- nb...

Next [Next] The Economy Losing 539000 Jobs in April is GOOD News ......

Some related posts from Technorati and Google.

[Commercial Property News - Finance News] Cushman & Wakefield Retained to Lease 167000-SF Maryland Office ...: The Washington, D.C., office market, has taken its blows like every other city, but with the federal government's consistent need to house employees, office buildings that are fully leased by the feds are hot property. With solid demographics in play, a slew of hopeful buyers came out to look at the 228,000-square-foot One Choke Cherry office property in Rockville, Md., and The JBG Cos.

[njbiz.com Daily] NJBIZ - Daily News & Publications for New Jersey: Smaller leases have accounted for bulk of the recent activity at Woodbridge Corporate Center, a six-building office campus in the Iselin section of Woodbridge. Fifteen new leases totaling 135,000 square feet of space were completed from late October through the end of January at the KBS Realty Advisors-owned complex, according to FirstService Williams Senior Managing Director Drew Persson, the leasing agent for the property.

[The Edmond Sun--Local News] The Edmond Sun - 5-9 Meetings on the agenda: Vote to approve or not approve to accept or table the Superintendent’s Recommendation concerning employment as listed on Schedule A. All items will be acted on by one vote unless any board member desires to have a separate vote on any or all of these items.

[Commercial Property News - Finance News] Economic Update - Retail Finding a Bottom?: BSV Wind River L.L.C., a subsidiary of Broad Street Ventures, announced the acquisition of 950 Wind River Lane located in Gaithersburg, Md. Working with the property's seller, the firm has also simultaneously executed a 10-year lease agreement with MedImmune L.L.C., which will occupy the entire building.

[News] Tanger Announces Results of Exchange Offer for Exchangeable Notes: In connection with the exchange offer, the Company and the OP have filed a registration statement on Form S-4 with the Securities and Exchange Commission (the "SEC") that includes an exchange offer prospectus (as amended, the "Prospectus") and the OP has filed a tender offer statement (as amended, the "Schedule TO") with the SEC. The Prospectus and the related letter of transmittal and the Schedule TO contain important information about the exchange offer and related matters.

[Utah Pulse - Utah's Business, Financial & Political News Resource] Reckitt Benckiser Begins Construction of New Logistics Center in ...: said Brad Newman, Director of North America Supply Services for Reckitt Benckiser.  "An extensive study of our supply chain determined that distribution from the Salt Lake City area will improve our financial results and also enhance service for the growing concentration of customers in the Pacific Northwest and in Western Canada."

[Untitled] 472 jobs lost at TeleTech: “They have every intention of trying to keep that centre open,” Stevens added .“Like any other corporation, their client is an American-based company, and their economy is in pretty dire straits,” he added.

[Texans for Rick Perry -] Texas Today: Economic Development Strategies and Business Success ...: In Irving, Chris Wallace, president of the Greater Irving-Las Colinas Chamber of Commerce, notes that over the last eight months, technology, energy, oil and gas have been very successful sectors, with eight new, expanded, or retained technology companies and five new or expanded energy companies. Projects include TXU Energy, which added approximately 850 employees at its new 247,000-square-foot headquarters;

[City Room] Silver Backs Three Ground Zero Towers - City Room Blog - NYTimes.com: Silverstein leased the trade center in 2001, only six weeks before it was destroyed in the terrorist attack. Ultimately he received a total of $4.5 billion in insurance proceeds…..hmmm….what timing..and based on the numbers in your article about 2.3 billion is unaccounted for…doesn’t anyone want to know about that!

[Square Feet] Opus South Files Chapter 11 BK | Square Feet Commercial Real ...: Anne Marie Solberg, chief restructuring officer of Opus South, said the bankruptcy filings were made necessary by the continued deterioration in economic conditions in the commercial and residential real estate markets in the Southeast. “While we began slowing the pace of new development nearly two years ago in anticipation of difficult market conditions, we must now take additional measures to enable an orderly wind down of our portfolio, protect asset values and maximize returns on lenders’ investments,” said Solberg.

[The Housing Bubble Blog] The Housing Bubble Blog » The Sound We Are Hearing Now: US regulators will delay the release of stress test results for the country’s 19 biggest banks until next Thursday, after some lenders, including Citigroup and Bank of America, objected to government demands that they needed to raise billions in fresh capital.

[greenbuildingsNYC] Asking Rents at LEED Gold Hopeful 11 Times Square Drop by 25 ...: As recently as this past December, SJP was holding fast at an asking rent of $100 per square foot for the speculative office tower and, despite coming close to deals for anchor space on a number of occasions, it has still failed to ink a single tenant to a lease. Although SJP has consistently refused to back off its asking rents over the past year, even as the economy has deteriorated, the project is obviously a victim of the horrendous commercial office market;

[Hot Air » Top Picks] Hot Air » Blog Archive » Flight 93 conundrum: Eminent domain to ...: Unlike the Kelo case, in which a city grabbed property from residential owners to flip it to commercial developers, there is a legitimate public interest in this land.  Eminent domain would be a rational last step in order to ensure that the memorial got built, but it should never be a first step in any project.  Respect for property rights means that the government should have made an honest effort to work out the deal with the owners prior to filing an eminent-domain seizure complaint.  Given the nature of this memorial, perhaps that should have been even more the case here.

[Business Facilities Breaking News] The Business Facilities Blog - Economic Development, Location ...: Today, Governor Bobby Jindal, Louisiana Economic Development Secretary Stephen Moret, Monroe Mayor Jamie Mayo and Monroe area economic development and legislative leaders joined Gardner Denver officials to announce that Gardner Denver Thomas, a subsidiary of Gardner Denver Inc., will consolidate its Thomas Products Division to the company’s Monroe, LA location from Sheboygan, WI. With the decision to consolidate manufacturing operations into Monroe, employment at the Monroe facility will more than quadruple from roughly 70 jobs today to at least 301 by the year 2011, including new jobs averaging $37,000 plus benefits.

[Oregon Business News - OregonLive.com] Harsch sues Zell Bros. over lease dispute - OregonLive.com: Jordan Schnitzer, president of Harsch Investment Properties, said his company filed suit to protect its interests but added that Finlay executives have been "very forthright with us." He said the company is battling a nose-diving economy just as it took on debt to buy Zell Bros.' previous owner, chain jeweler Bailey Banks & Biddle, in 2007.

[Long Island Business News] Long Island Business News » Long Island's residential and ...: CBRE renewed an 83,000-square-foot lease for the New York State Insurance Fund in Melville and sold a 315,750-square-foot office building in Carle Place for $65 million. On the retail side, CBRE continues to represent national chains such as Panda Express and Massage Envy in their expansion plans here.

[The Housing Bubble Blog] The Housing Bubble Blog » Punch-Drunk On Real Estate In California: The FDIC should be able to take over and shut bank-holding companies, insurers and other large institutions instead of just failed commercial banks, Bair said today in a speech at the Economic Club of New York. That would shield taxpayers from absorbing losses when government protects companies deemed “too big to fail,” a concept that should be “tossed into the dustbin,” she said.

Reflected tags on Technorati: Blog, ,