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ORLANDO-The bright side is that corporations once again are looking at real estate ownership in place of leasing, a factor that could help fill 1.4 million sf of vacant subleased space, a new Cushman & Wakefield of Florida Inc. report states.
NEW YORK CITY-The US member of the world's seventh-largest tax, accounting and consulting firm sign's a long-term deal for the building's entire ninth floor and part of the 10th. Total value is placed at $23 million.
FLORHAM PARK, NJ-The Germany-based company, which has ties to several other companies already located in the Garden State, will occupy 37,000 sf for it US headquarters at Advance Realty's Park Place, the former ExxonMobil campus.
LONDON-Barclays Bank has agreed a Pounds 198 million ($310 million) sale of its 314,000-sf headquarters at 54 Lombard Street in the City with Morley Fund Management.
LONDON-The sluggish Thames Valley office market is showing new signs of life with a 55,000-sf letting to airline ticketing group Galileo on MEPC's Axis Park at Langley, near Slough in Berkshire.
PHOENIX-Despite high vacancy rates and sublease space plaguing the Phoenix market, nearly 820,500 sf of suburban office space is under development in anticipation of what the developers hope will be a full recovery in the next year to 18 months.
CARSON, CA-ICREST International takes half of a 99,000-sf building in Carson's Dominguez Technology Center. The new building at 1250 Victoria St. was developed and is owned by The Carson Cos.
LOS ANGELES, CA-Newmark President James Kuhn tells GlobeSt.com the Studley brokers will staff new offices in Los Angeles, Orange and San Diego counties for the New York brokerage, which already has an office in Long Beach, Calif. and one in West Los Angeles.
CARLSTADT, NJ-Cushman & Wakefield of NJ has the assignment for the Wilson Associates-owned asset, which was recently vacated by GiftCertificates.com. The building is within Gotham Industrial Park.