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BURBANK, CA-The Aftra-SAG Federal Credit Union acquires a 17,000-sf office building and a nearby land parcel for $4.5 million to relocate its corporate headquarters and build a fourth branch.
PHILADELPHIA-Four recent leases totaling 55,000 sf are signed at class-A office buildings in the surrounding suburbs. The tenants represent a mix of expansion, renewal and newcomers at properties owned by King of Prussia, PA-based O'Neill Properties and Cranford, NJ-based Mack-Cali.
SAN FRANCISCO-An insurance brokerage and a mutual fund company, each in a Downtown office building owned by Equity Office Properties Trust, ink renewal leases for 28,000 sf and 16,000 sf, respectively.
EVERETT, WA-Having recently closed on the purchase of 37 acres here for about $8.7 million, Panattoni Development Co. this week held a groundbreaking ceremony for the first of seven buildings that will comprise Seaway Business Center.
NEW YORK CITY-Goldman Sachs' Whitehall Street Real Estate Funds teams up with C&W to launch Sienna Capital LLC designed to snag under-performing office buildings for eventual resale.
SUNNYVALE, CA-NetScreen Technologies is expanding in the Silicon Valley area, taking advantage of Ariba's low sublease rates to consolidate its headquarters and make room for its new employees.
PHOENIX-Scientific Games of Atlanta takes 23,600 sf for the long term in a 68,000-sf building at 4325 S. 30th St. The move-in is set for Dec. 1. The decision was mortared by the proximity to the state's lottery headquarters.
HOUSTON-Insignia/ESG takes over the 370,000-sf 1001 McKinney in the CBD while PM Realty is tasked with Redstone's three-building portfolio, totaling 305,000 sf, in the Galleria and Medical Center District.
MIAMI-Recent third-quarter reports show signs of market improvements, such as declining vacancy rates, but in many cases, the picture does not look as pretty as it did last year.