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Q: Newly Leased Office or warehouse space ( Answered,   0 Comments )
Question  
Subject: Newly Leased Office or warehouse space
Category: Business and Money
Asked by: bigbarry-ga
List Price: $35.00
Posted: 05 Jan 2004 20:51 PST
Expires: 04 Feb 2004 20:51 PST
Question ID: 293536
How or where can I find Information(Name address city etc).  For
companies that have recently signed leases for office space and
warehouse space.  Additionally I am looking to evaluate them by size
of space or size of business.  I have looked at many sites selling
lists they can not give me adequate information.

I am not looking for business that have just moved, instead before they move.
I need to be able to screen by size of business.

Ihope I made sense

Request for Question Clarification by pafalafa-ga on 07 Jan 2004 08:21 PST
Bigbarry,

Hello there.  I've fielded a number of real-estate type questions here
at GA in the past, and think I'm pretty familiar with the information
sources that are available.  As far as I know, there's no requirement
for lessors and lessees to publicly file the information about who has
rented what space, and where.

Without this type of requirement, it's very unlikely you can find the
information you're seeking.  The only source would be local press, for
those cases where a company announces an office or warehouse lease. 
For instance, take a look at:

-----

http://baltimore.bizjournals.com/baltimore/stories/2004/01/05/story1.html


The Vinnell Corp., a subsidiary of Northrop Grumman Co. specializing
in logistics and military training, is expanding its warehouse
operations in a move from Baltimore City to Howard County.
  
The anticipated shift from 12,000 square feet of space off Caton
Avenue to 110,000 square feet at Troy Hill Commerce Center will boost
the company's employee base from roughly 15 to 60 workers, said
William S. McCullough, a Colliers Pinkard commercial real estate
broker who represented Vinnell with colleague Michael A. Elardo...

-----

In this case, it appears the real estate broker for the deal issued a
press release about the lease arrangements.

If you'd like, I can answer your question by showing you how to set up
an automated search of news sources, to provide you fast notification
anytime a new article or press release appears about recently-leased
commercial real estate.


Let me know your thoughts on this.

pafalafa-ga

Clarification of Question by bigbarry-ga on 08 Jan 2004 19:09 PST
That sounds like what I'm looking for.  Can I get press inofrmation
for The los Angeles Area?? And Do I need subscriptions services?


Lastly Can I do this for other cities.
Answer  
Subject: Re: Newly Leased Office or warehouse space
Answered By: pafalafa-ga on 08 Jan 2004 20:07 PST
 
Hello again bigbarry-ga,

Your timing is excellent.  

Not that long ago, Google added (yet another) very useful innovation
to its growing list of search options...a site called Google News that
searches recent news stories.  With a careful selection of search
terms, you can pull up articles on recently-announced commercial
leases.

First off, the Google News search site is here:

http://news.google.com/

As you can see, the site allows you to "Search and browse 4,500 news
sources updated continuously"...not a bad resource!

==========

I entered the following search terms:

"los angeles" (office OR warehouse OR commercial) ("square feet" OR "sq ft") lease

NOTE that the use of quote marks, parentheses, and capitalized OR's is
essential to the success of the search.

==========

The results of the search -- 26 recent news stories -- can be seen here:

http://news.google.com/news?hl=en&edition=us&q=%22los+angeles%22+%28office+OR+warehouse+OR+commercial%29+%28%22square+feet%22+OR+%22sq+ft%22%29+lease&btnG=Search+News

(The number of results and the actual stories may be a bit different
when you view the link, as the news site is constantly updated).

==========

When I ran the search, the stories included:


Watson Land Company Leases 300,000 Square Feet to Ability- ... 
Business Wire (press release) - Jan 7, 2004

Jan. 7, 2004--Watson Land Company has signed Ability-Trimodal
Transportation Services, Inc. to a five-year lease for a
300,000-square foot building in Watson Corporate Center. The
transaction marks continued expansion for Carson-headquartered
Ability-Trimodal, a major logistics/distribution company.

"Watson Land was able to help us fulfill our requirement for
additional space quickly to meet the fast-paced growth of our
business," said Greg Owen, Head Coach of Ability-Trimodal
Transportation Services. "As a long-time Carson-based company we are
well acquainted with Watson Land Company and its focus on quality both
in its facilities and its customer service."

Ability-Trimodal Transportation Services, Inc. is a privately owned,
third generation company focused on third-party logistical solutions.
The company has provided quality transportation, distribution, and
warehousing solutions throughout Southern California since 1947.

-----

Equity Office Sells $177 Million of Assets; Acquires Opus Center ... 
Business Wire (press release) - Jan 6, 2004

Equity Office Properties Trust (NYSE:EOP) completed a series of
dispositions in December, including 14 office buildings comprising
more than 1.3 million square feet, and a 4.1-acre land parcel for
total gross proceeds of $177 million. In addition, on December 31,
2003, Equity Office acquired Opus Center, a 343,361-square-foot, Class
A office building in downtown San Jose, CA, for approximately $103
million from 225 Santa Clara, L.L.C.

-----

Watson Land Company Leases 195000 Square Feet to Price Transfer
Business Wire (press release) - Dec 18, 2003

Watson Land Company, among the largest developers of master planned
industrial centers in Los Angeles County, has leased 195,014 square
feet to Price Transfer in Watson Industrial Center South. Price, one
of the oldest and most respected logistics/distribution firms in the
South Bay, signed a five-year lease valued at $4.2 million.
Howard nabs fast-growing Northrop affiliate

==========

Not every story will hit the nail on the head.  For instance there's this one:


CarrAmerica Signs 83,000 Square Foot Lease With Fiserv in Norcross, Georgia
Monday January 5

...which showed up because CarrAmerica's operations in Los Angeles are
mentioned in the story, along with the new lease in Georgia.

---

However, it's pretty easy work to just scan the list and pick out the
stories that are most relevant to your interests.

Of course, the search terms can easily be modified to suit your needs, such as:


"san francisco" (office OR warehouse OR commercial) ("square feet" OR
"sq ft") lease

to conduct the same sort of search for San Francisco, or:



"los angeles" warehouse ("square feet" OR "sq ft") lease

to restrict the search to only warehouse leases, or:



"san francisco chronicle" (office OR warehouse OR commercial) ("square
feet" OR "sq ft") lease

to restrict the search to only articles appearing in the San Francisco Chronicle.



There are obviously many types of variations possible here...if you
need any advice in constructing searches for specific needs, just let
me know by posting a Request for Clarification.

==========

I've saved the best for last.  

After you've put together a search that produces good results, you can
have Google News email you every time a new article appears that meets
your search criteria.

I have a number of news searches that I've automated myself, and I
find that Google News generally alerts me about ten minutes after a
press released is first issued...pretty fast response time!

On the left had side of the Google News page, you'll see an item that
says "News Alerts".  Click on this (or just click this link below) 
and it will take you to:

://www.google.com/newsalerts

where you can enter your search terms, and give Google an email
address to send the alert to.  Select your preference for "How often"
(either "once a day" or "as it happens"), and then just click on
"Create News Alert".

It's that simple.  Google News will send you a confirmation email with
a link that you must click on in order to activate the alert service. 
The whole sign up and activation process takes two or three minutes.

You can sign up for as many alerts as you care to.

I hope you find that the Google News searches are a powerful tool for
getting you fast access to the information you're seeking.

If you have any questions at all about how it works, or how to use it
to best advantage, don't hesitate to ask.  I'll be happy to assist you
further.

All the best in 2004!

pafalafa-ga

Request for Answer Clarification by bigbarry-ga on 20 Jan 2004 20:50 PST
I am almost there...

The news alerts are good but can you think of or find anything else??

It is not quite what i want...

This will be my last request promise

Clarification of Answer by pafalafa-ga on 21 Jan 2004 06:32 PST
Hello again, Barry.

First off, don't be shy about asking for clarifications of an answer,
or for additional information.  That's the way the system works here,
and I'm happy to oblige, as often as necessary, and as best I can.

That said, I'm afraid I don't know of any additional sources of
information you can turn to other that the press reports.  As I said
originally, I'm pretty familiar with real estate information sources,
but am not aware of anything that would make leasing info publicly
available outside the real estate press reports.

If you can tell me a bit more about why/how the current press
information from Google News isn't meeting your needs, perhaps it will
spark some ideas about alternatives.  If there is a particular type of
business that is of special interest, let me know, as that may also
open up some possibilities.

Best of luck,

pafalafa-ga

Request for Answer Clarification by bigbarry-ga on 25 Jan 2004 21:54 PST
OK You asked,

I am in the vending machine service business...

I have found the best time to solict clients is...when they are about
to move offices wharehouses etc.

So using that logic I know when leases are signed it is often publicized.

I just have to believe some has a site with this info.

And if not I'm gonna start one!!!

Clarification of Answer by pafalafa-ga on 27 Jan 2004 13:31 PST
You just might have to start up he site you mentioned.  I don't think
it exists yet.

I've been giving this whole topic some thought, and I really don't see
a way to get at additional information about leases.  Even if they
were publicly recorded, the records would be at a fairly local level,
and you'd have to zero in on a territory in order to find out the
latest information.  But to cast a broad geographical net -- well, I
just don't see a way to do it other than what I suggested in my
original answer.

I hope the Google News alerts provide you at least some good business
leads...I expect they will.  But if you go ahead an design a website
with this type of information, you may find a ready audience for the
information.

Best of luck...

pafalafa-ga
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