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DALLAS-The North Texas Commercial Association of Realtors has named Brian O'Boyle of O'Boyle Properties Inc. as the 2002 Stemmons Service Award. Nominees are selected for tenure, professional and civic involvement, production and ethics.
HOUSTON-Pitney Bowes takes the largest chunk of the office-tech space, signing for 10,202 sf for its executive offices. The two deals boost occupancy to 67% in the one-year-old, 365,000-sf business park along West Sam Houston Parkway.
FORT LAUDERDALE-The lease is for 51,499 sf of office space at the 412,296-sf, 12-story AtlanTech Tower here. The value is based on an average quoted rate of $26.26 per sf for similar space in that submarket.
PHILADELPHIA-An unidentified Mid-Atlantic REIT pays locally based BPG approximately $166.72 per sf for the 62,379-sf Union Meeting IV office building, located in a 500,000-sf, eight-building office park. The14-year-old three-story property is 100% leased to five tenants.
NEW YORK CITY-Cushman & Wakefield is the big winner, walking away with contracts for the two-building International Toy Center and the historic Fisk Building. Industry insiders say several more Malkin properties will soon be ready for some new blood.
CANNES-Sonae Immobiliaria has chosen Cushman & Wakefield Healey & Baker as agent for its planned 645,000-sf Dortmund railway station project '3do'. First job is to secure anchor tenants
HOUSTON-Two Houston area businesses have inked deals. Edwards and Kelcey Inc. takes 7,285 sf at Bridgewood I while Mills, Shirley LLP lands 6,378 sf at One City Centre.
NEW YORK CITY-The legendary record label trades 10 floors for three, though its total footage remains nearly the same. Colliers ABR represented Arista in the 11-year sublease deal, while Cushman & Wakefield represented sublessor Random House.
MIAMI-The Codina Realty Services Inc. ONCOR International report states this vacancy level will continue this year but offers hope for a brighter future. New and returned space also contributed to a negative YTD absorption rate of 913,906 sf.
MIAMI-The Codina Realty Services Inc. ONCOR International report states this vacancy level will continue this year but offers hope for a brighter future. New and returned space also contributed to a negative YTD absorption rate of 913,906 sf.