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PHILADELPHIA-In Pennsylvania, a building owner may rent an abandoned space for the previous tenant's benefit, but that tenant remains liable for any rent deficiency.
PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.
SOUTHLAKE, TX-Fidelity leases a just-delivered, class A office building in Cedar Ridge Office Park. With occupancy at 100%, the JV owner has another decision to make.
SAN MATEO, CA-The Blackstone-owned company in recent days has made 650,000 sf of acquisitions and inked leases with Cisco Systems, Ericsson and Netgear totaling nearly one million sf.