Leasing

BLAINE, MN-The estimated $55-million Blaine Preserve is planned for mostly industrial properties and some office, up to 900,000 sf, and seven acres of service retail.

ORANGE COUNTY, CA-A newly released market report shows some progress in the industrial sector, with average asking lease rates up $.09 from a year ago.

LOS ANGELES-The $14-million agreement will keep the maker of IP performance test systems at the Corporate Center at Malibu Canyon in Calabasas through May 2013.

SAN FRANCISCO-Average effective class A rents in the Financial District here are up approximately 23% in the past year while average class B rents are up nearly 38%, according to a new market report.

DALLAS-The merger creates rare force by teaming six MAI-designated appraisers. HSM Consulting's Mark O'Briant remains president and Tracy Smith Law becomes EVP.

FAIRFAX, VA-The office and industry portfolio has a total occupancy of approximately 95% and asking rates that range from $27 per sf to $31 per sf.

MARYLAND HEIGHTS, MO-Duke Realty Corp. plans to build another 144,000-sf distribution building, Riverport Five, as soon as Four is leased up.

NORTH RICHLAND HILLS, TX-The local company signs a full-building lease to light one of two buildings emptied by Kimberly-Clark. The move-in takes place this month.