Office

OMNI OFFICES IN DOWNTOWN MIAMI TO WELCOME RESORTS WORLD

by admin September 13, 2013

MIAMI — Resorts World Bimini and Resorts World Miami are locating their headquarters in the Omni Offices, an office building located at 1501 Biscayne Blvd. in downtown Miami. The two entities will staff about 150 employees and occupy approximately 30,000 square feet. The lease transaction is downtown Miami's largest new occupancy of the year, according to Continental Real Estate Cos. (CREC). Omni Offices also houses the Miami International University of Art & Design, the U.S. State Department, and the U.S. Diplomatic Security and Passport Agency. An additional 185,000 square feet of office space is available at the property. Steven Hurwitz, Douglas Okun and Amy von Hofen of CREC are spearheading the property's leasing and marketing campaign on behalf of the Genting Group, owner of Omni Offices.

September 13, 2013

PARTNERSHIP BUYS 400,000 SF OFFICE COMPLEX IN NEW YORK

by admin September 13, 2013

ISLANDIA AND HAUPPAUGE, N.Y. — A partnership has acquired The Crossroads Corporate Center, a 400,000-square-foot, 13-building office complex in Islandia and Hauppauge. Matrix Investment Group and The Crest Group purchased the building, which has been renamed the Matrix Corporate Park. The Class A office property is situated on the north and south side of the Long Island Expressway at exit 57. Current tenants include National Life Group, Stifel Nicolaus, Paychex, EmpireNational Bank, Rubin & Rothman and TransFirst. Available space at Matrix Corporate Park ranges from 750-square-foot executive suites to 8,000-square-foot areas.

September 13, 2013

Office Western

GOOGLE TO LEASE OFFICE SPACE AT THE FORMER MAYFIELD MALL IN MOUNTAIN VIEW

by admin September 13, 2013

MOUNTAIN VIEW, CALIF. – Google has agreed to lease space at the former Mayfield Mall in Mountain View. The mall is currently undergoing a transformation that will turn it into a 500,000-square-foot office campus. Construction on the Class A office complex should be completed in 2014. It is located at 100 Mayfield Ave. in Silicon Valley. The mall was originally built in 1966. Notable tenants included J.C. Penney, Wells Fargo Bank and the Mayfair Market grocery store. The mall is owned by a joint venture between Rockwood Capital, LLC and Four Corners Properties. Kevin Cunningham and Jack Troedson of Cornish & Carey Commercial Newmark Knight Frank represented the landlordin this transaction.

September 13, 2013

Office Western

PACIFIC VIEW CORPORATE CENTER IN CARLSBAD SELLS FOR $22.2M

by admin September 13, 2013

CARLSBAD, CALIF. — Drawbridge Realty Trust has purchased Pacific View Corporate Center, an 80,862-square-foot office building in Carlsbad for $22.2 million. The Class A center is located at 5759 Fleet Street in the Carlsbad Ranch area. It is fully leased to Synteract and RF Micro Devices. Drawbridge was represented by Rick Reeder, Joe Anderson and Dennis Visser of Cassidy Turley’s North San Diego office. The seller, TA Realty Associates, was represented by Jeff Cole, Ed Hernandez, Michael Roberts and Brunson Howard of Cushman & Wakefield.

September 13, 2013

Office Western

SHARP LEASES SPACE AT RIDGEWOOD CORPORATE SQUARE IN BELLEVUE

by admin September 12, 2013

BELLEVUE, WASH. — Sharp Electronics Corporation has leased 13,472 square feet at Ridgewood Corporate Squareoffice complex in Bellevue. The seven-building, Class A park is located at 120th Avenue NE. Sharp was represented by Tom Wilson of Cushman and Wakefield. The seller, was represented by CBRE’s Scott Davis.

September 12, 2013

Office Southeast

LAW FIRM SIGNS 40,000 SF LEASE IN WEST PALM BEACH IN $25M DEAL

by admin September 12, 2013

WEST PALM BEACH, FLA. — Taylor & Mathis has arranged a 12-year lease deal with Akerman Senterfitt LLC, Florida's largest law firm, for 40,000 square feet of office space in downtown West Palm Beach. In the $25 million deal, the law firm is leasing space for two-and-a-half floors at Phillips Point, a 500,000-square-foot office and retail complex located in West Palm Beach's central business district. Other notable tenants of Phillips Point include Global Capital Econometrix LLC, BMO Harris Bank, Goldman Sachs, Squire Sanders, Morgan Stanley and Greenberg Taurig. Brian Gale of Taylor & Mathis, along with Matt Cheezem of CRESA Partners, brokered the lease transaction.

September 12, 2013

Midwest Office

ALTER GROUP TO DEVELOP 600,000 SF OFFICE CAMPUS IN METRO CHICAGO

by admin September 12, 2013

DOWNERS GROVE, ILL. — The Alter Group has announced it will develop Corridors North, a 600,000-square-foot, four-building office campus in Downers Grove, a western suburb of Chicago. The buildings will feature all-surface parking, on-site food service and a fitness center. The Alter Group will seek LEED certification for the development. The development is located at the intersection of I-88 and I-355 expressways and is part of the 108-acre Corridors – Chicago office campus.

September 12, 2013

Office Texas

HFF BROKERS SALE OF 105,619 SF OFFICE BUILDING IN HOUSTON’S ENERGY CORRIDOR

by admin September 12, 2013

HOUSTON — HFF has brokered the sale of a 105,619-square-foot office building in Houston’s Energy Corridor. The asset, located at 15915 Katy Freeway and across from the 550-acre master-planned Park 10 mixed-use development, was 88 percent leased at the time of sale to tenants in various industries including engineering, technology, real estate, energy and healthcare. Dan Miller and Marty Hogan of HFF represented the seller, Downtown Properties, a real estate associate of Gaw Capital Partners. Dornin Investment Group purchased the building for an undisclosed amount, free and clear of debt.

September 12, 2013

Office Western

SHARP LEASES SPACE AT RIDGEWOOD CORPORATE SQUARE IN BELLEVUE

by admin September 12, 2013

BELLEVUE, WASH. — Sharp Electronics Corporation has leased 13,472 square feet at Ridgewood Corporate Square office complex in Bellevue. The seven-building, Class A park is located at 120th Avenue NE. Sharp was represented by Tom Wilson of Cushman and Wakefield. The seller, was represented by CBRE’s Scott Davis.

September 12, 2013

Office Western

NEW ZAPPOS HEADQUARTERS OPENS IN DOWNTOWN LAS VEGAS

by admin September 11, 2013

LAS VEGAS – The 41-year-old former Las Vegas City Hall has completed its transformation into the new Zappos headquarters. The online retailer will now be based at 400 E. Stewart Ave. in Downtown Las Vegas. Zappos purchased the building for $18 million. The company was formerly based in nearby Henderson after relocating to Nevada from San Francisco in 2004. The creative office space was designed to LEED-Gold specifications. The $60-million renovation began in August 2012. It was carried out by The PENTA Building Group.

September 11, 2013

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