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MIAMI-The two 500,000-sf towers, which will include luxury apartments, is slated for an approximately three-acre piece of land just sold on Brickell Avenue in Miami. The Brickell City Center project will cost up to $200 million.
PISCATAWAY, NJ-The deal brings Lincoln Equities Group's 196,000-sf 1551 South Washington Ave. to 100% occupancy. The cosmetics company will use it for its New Jersey offices.
NEW YORK CITY-One day after the World Trade Center went from monument to memorial status, a real estate firm is scouting "several million" sf of space on behalf of clients whose offices were destroyed in the terrorist attack.
SADDLE BROOK, NJ-The state's largest commercial real estate firm (by market share) reaches into the ranks of rival Cushman & Wakefield to replace Patrick Murphy in its top spot.
CITY OF COMMERCE, CA-Developer Overton Moore Properties of Gardena, Calif., plans the business park on a recently acquired 47-acre parcel in a joint venture with Dallas-based Crow Holdings.
DENVER-The Fort Worth, TX-based Crescent Equities Real Estate Co. acquires the 29-story office building for $135 per sf in the largest office building deal in Denver in more than a year.
DALLAS-The buyer intends to redo and rename the Northwest Corners, taking a lead from its area and converting the 16-year-old development into a wholesale center. The 6.5-acre asset consists of 75,189 sf in three buildings.
PHILADELPHIA-Two suburban sales confirm brokers' reports that low interest rates and a soft market offer opportunities. For $350,000, a Broomall, PA service provider turns from renting to owning. A Conshohocken, PA investor finds space for under $300,000 to renovate.
NEW YORK CITY-Following the recent enactment of the largest corporate disclosure law revision since the SEC Securities Act of 1933, real estate experts tell GlobeSt.com that the industry welcomes new legislation aimed at backstopping the public outcry for executive accountability. Some warn, however, of damaging effects the well-meaning mandate may wreak on corporate flexibility.
ATLANTA-The Dallas-based firm buys a 75,800-sf industrial property on Fulton Industrial Blvd. for $1.6 million from locally based owner, Atlantic Services & Supply.