ITRA / ExclusiveTenantRep.com announced that it has represented the General Services Administration (GSA) in leasing 19,530 square feet of office space located at 5678 East Virginia Beach Boulevard, Norfolk, Virginia. The lease is for a fifteen (15) year term. The Department of Homeland Security and the U.S. Citizens and Immigration Services are two of the agencies within the GSA that will be leasing the space.
ITRA / ExclusiveTenantRep.com announced that it has represented Capstone ISG in leasing 4,330 square feet of office space located at 860 Greenbrier Circle, Chesapeake, Virginia.
Commercial real estate tenants in Austin, Texas, found opportunities to greatly lower real estate costs in 2010 while the office space market in the capital city continued its slow rebound, according to a year-end look at 2010 activity. Tenant representative Don Cox, principal of ITRA / Don Cox Company, has seen benefits for both sides of the Austin office space transactions he’s brokered this year. His experience mirrors what office space tenants saw in a national commercial real estate market that still suffers from the recent deep recession.
The Association of Corporate Counsel, Western Pennsylvania Chapter, in conjunction with Spilman Thomas & Battle, a law firm with offices in Pennsylvania, West Virginia and Virginia, will host a seminar entitled “Commercial Leasing 101 for In-House Counsel” at 11:30 A.M. on December 7 at the Rivers Club that will cover what every tenant must know before embarking on a real estate transaction, especially in an uncertain economy.
On August 17th, 2010, The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued the “Exposure Draft on Leases.” It’s 66 pages long, and while we commend you if you’re one of the few who read the entire thing, we’re here to help break it down for you. We’ve taken much of our info from our friend Bob Cook, whose blog has a variety of posts on the new Lease Accounting Standards. Visit Bob’s blog at http://bobcook1234.wordpress.com/ to read all about Lease Accounting. Now let’s get down to business. Here’s what you need to know.
RoofBlok Ltd. recently purchased a 130,000 sq. ft. manufacturing building located at 60 Industrial Rowe, Gardner MA. The property is situated on 11 acres of land adjacent to Route 2.
ITRA, The International Tenant Representative Alliance, has further expanded its global reach, affiliating with three offices in major market locations; Paris, France; Toronto and Oakville, Canada; and Detroit, Michigan, reports Debra Stracke Anderson, CCIM, SIOR, Chairman of ITRA’s board of directors.
When it comes to green or eco-friendly commercial real estate buildings, New York City is behind the eight ball. Very few buildings in the city are green and/or LEED certified, mostly due to the fact that most office buildings in the city are old, not new, and the cost of retrofitting an old building to make it green is extremely expensive. What are you to do if you’re a tenant that believes in the importance of going green? Request a green lease.
Your company is looking for new space, and you and your tenant representative have narrowed it down to two attractive buildings with competitive lease terms.
“Company executives are leaving millions of dollars on the table when making decisions about office space and facility locations,” says Debra Stracke Anderson, CCIM, SIOR, Chairman of the Board of Directors for the International Tenant Representative Alliance (ITRA), during its 2010 Corporate Real Estate Symposium for corporate executives recently held at the Beverly Wilshire Hotel in Los Angeles. “Today’s challenging economic conditions require corporate executives to be innovative in containing costs and maximizing the value of their real estate, an important part of which is taking advantage of every incentive offered by states, regions and countries.”
