The former Bank of America Tower at International Place, an icon of the downtown Miami skyline, needs a new corporate naming rights purchaser to maximize the 600,000-square-foot, 47-story building’s earning potential. Fairchild Partners, the leasing and marketing agency for the I.M. Pei-designed skyscraper, is seeking a new partnership for the naming rights, a deal that would be worth millions of dollars. Tony Puente, senior vice president with Coral Gables-based Fairchild, said the tower has been a fixture in the city since it opened, and remains a feature in the promotional credits for the television show CSI Miami. He said tenants like the idea that they can locate their business in the heart of the city, a factor that helped in 62,000 square feet of leasing in 2009, including a 34,536-square-foot renewal by UBS Financial Services valued at $7.5 million over its five-year term.
[GlobeSt]

Regional commercial landlords want bodies in their office buildings and are willing to go to greater and greater lengths to keep them there. With more than 1.2 million square feet of space are on the way, landlords must scramble. The Rilea Group’s 576,379-square-foot 1450 Brickell project is to be completed in the first quarter of 2010, while MDM Development plans an April 2010 completion for the 750,000-square-foot Met 2 Financial Center project. Owners of the Wachovia Financial Center, Bank of America Tower at International Place and 800 Brickell are pumping millions of dollars into improving their buildings. They hope the improvements and their established quality of their properties will keep current tenants and lure new ones. [GlobeSt]