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WHITE PLAINS-Commercial brokers in the northern suburbs of New York City are facing a paradox at the moment. Those involved in office leasing are seeing a slowdown in demand. However, they report that investors have an almost insatiable appetite for commercial product.
LONDON-In one of Portugal's biggest investment deals of the year, the Amorim Group and GE Capital Real Estate have sold Entrecampos 28, a landmark building in Lisbon, to the Vision Office Fund.
TEMPE, AZ-A major mail order prescription provider has moved into its third location in this Phoenix suburb with a 10-year, $10-million lease that will mean a major expansion for the firm.
LONDON-In one of Portugal's biggest investment deals of the year, the Amorim Group and GE Capital Real Estate have sold Entrecampos 28, a landmark building in Lisbon, to the Vision Office Fund.
PHOENIX-The Q3 promise from a near 225,000-sf net absorption is short-lived amid a prediction of a slight downturn in the fourth quarter. The positive showing, though, was the first good sign in 16 months.
NEWARK-Part of this city's 2.3 million-sf downtown Gateway Center, the trophy tower moves out of the portfolio of Gale and TishmanSpeyer, the partners who acquired it a few years back. The sale price and terms were not disclosed.
PHOENIX-The Q3 promise from a near 225,000-sf net absorption is short-lived amid a prediction of a slight downturn in the fourth quarter. The positive showing, though, was the first good sign in 16 months.
GREATER BOSTON-Cushman & Wakefield releases its third quarter statistics and all the numbers point to a market that hasn't yet recovered but is beginning to stabilize. Vacancy rates are still high but have not changed significantly from the previous quarter.
HOUSTON-The plan is to complete some minor renovations before scouting the market for a tenant for 10010 Gulf Freeway, a two-acre tract holding a 25-year-old industrial building. The property carries a 2002 assessment of $741,000.
ANAHEIM, CA-The investment brokerage builds an office here with the addition of a former Grubb & Ellis apartment specialist, while two former G&E brokers return to the fold from other firms.