Development

Six of the area's seven submarkets currently sport vacancy rates less than 5%.

It's a good time for corporate America to make commitments in the Garden State.

HARRISON TOWNSHIP, MI-The company gets the military's nod to lead the development of multifamily, office, hotel and industrial facilities at the Selfridge base.

IRVINE, CA-R.D. Olson Development develops the 125-suite Marriott Residence Inn at Ocean Ranch and signs Marriott to manage the new property.

LOS ANGELES-The Metropolitan Transportation Authority names the L.A.-based developer for a 1.7-million-sf mixed-use project.

SAN FRANCISCO-The Dallas-based developer acquires the last two office development sites in the North Financial District.

ALBUQUERQUE-El Paso-based Hunt adds a well-known local resident to lead the Southwest push. The developer's pipeline totals $650 million, but that's just the beginning.

CARROLLTON, TX-Argus takes 801,142 sf in seven buildings at Billingley's International Business Park. The deal includes a preferred equity stake from the seller and an eighth building.