Office Space News
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The following is the text of the Federal Reserve Board’s Third District-- Philadelphia.
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The following is the text of the Federal Reserve Board’s First District-- Boston.
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The following is the text of the Federal Reserve Board’s Ninth District-- Minneapolis.
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The following is the text of the Federal Reserve Board’s Seventh District-- Chicago.
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The following is the text of the Federal Reserve Board’s Fifth District-- Richmond.
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Boston Properties Inc. agreed to buy Bank of America Corp.’s skyscraper at 100 Federal St. in Boston for $615 million, which would add to a portfolio that already includes the city’s Hancock Tower and Prudential Center.
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Vietnam’s Keangnam Hanoi Landmark Tower, the tallest in Southeast Asia after Petronas Towers, is boosting prime office space in the capital Hanoi by half and threatening to drive rents to a five-year low.
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Virgin Media Inc. and William Morrison Supermarkets Plc became the latest companies to seek outside help disposing of surplus rental properties in the U.K. to cut costs.
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Gecina SA, Paris’s largest publicly traded office landlord, said 2012 profit excluding items will fall about 5 percent as divestments erode rental income and borrowing costs increase.
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When Bill Clinton told American executives that they’d be “nuts” not to invest in Ireland, many were already ahead of the former president. U.S. companies were behind almost 40 percent of offices bought or leased in Dublin in 2011 and the trend is likely to accelerate this year.
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