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ALEXANDRIA, VA-In a $75-million transaction, Crescent at Carlyle becomes the property of an unnamed overseas client of Falcon Real Estate Investment Co. The 212,000-sf, class A office property is fully leased through 2018 by law firm Oblon, Spivak, McClelland, Maier & Neustadt PC.
PORTLAND-Mark McClung, who comes to Cushman & Wakefield after three years with CB Richard Ellis, will provide tenant relocation, landlord representation and marketing services for Portland and Vancouver area industrial clients.
MIAMI-A partnership of Ross Matz Investments Inc. of Davie, FL has paid the New York-based investment group Investcorp $114.82 per sf for the 371,000-sf outdoor mall. Investcorp has been selling its Florida retail properties to focus on other areas of the country.
MIAMI-The advertising agency extended its lease 11 years at 601 Brickell Key Drive in the Courvoisier Centre II here. The company occupies 41,803 sf of rentable, class A office space.
PHOENIX-Leslie Elsner gets the title and the task of overseeing six properties totaling 816,000 sf in Dallas-based Lincoln Property Co.'s western region. She has 17 years' experience.
NEW YORK-During a meeting here for the Building Owners and Managers Association, Cushman & Wakefield president and CEO Arthur J. Mirante II reported that while demand in the office and industrial sectors has declined for eight consecutive quarters, a turnaround may be expected for 2003.
DENVER-Bob Behrens, co-founder of the RE/MAX commercial division, hopes to grow his office from eight to 25 brokers, hoping to appeal to "lone wolf" commercial professionals. The office would be smaller than competitors such as Frederick Ross Co. or Fuller and Co.
WHITE PLAINS-Endurance Reinsurance Corp. of America has leased 21,625 sf and will be relocating its New York headquarters to the former Kraft General Foods property at 333 Westchester Ave. here.
BEVERLY HILLS, CA-The annual real estate review and forecast will feature keynote speakers from five top real estate brokerage firms as well as leaders from the world of real estate finance, development, and investment management.
MIAMI-Leasing activity decreased significantly, the vacancy rate increased some, and net absorption was positive but weak at the end of 2002, with some of the worst results recorded in the larger submarkets, according to a recent report.