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SAN DIEGO-Burnham Real Estate Services/ONCOR International has signed engineering firm P & D Consultants Inc. to a seven-year lease for 13,311 sf of office space in Mission Valley9s first Class A speculative office building in more than 10 years.
SAN DIEGO-A real estate partnership headed by office furniture maker Steelcase Inc. will build its first California project--a 28,000-sf office building--in San Diego's Mission Valley.
TEMPE, AZ-JB Dental Supply is up and running in the West Southern Avenue building after moving in prior to closing under a short-term lease. The buyer also kicked in $40,000 of upgrades before getting the deed.
DENVER-A renewal and expansion of a lease for 116,000 sf at First Interstate Tower North is likely the largest Downtown office deal this year, brokers say.
HOUSTON-The insurance firm heads into 3,301 sf at 2900 Wilcrest Dr. Its primary office is in Two Allen Center in the CBD. Cushman & Wakefield and Grubb & Ellis brokers work out the details.
ATLANTA-New York-based Sentinel Real Estate Corp. sells the 91%-leased apartment complex at 500 Northside Circle NW near the city's new Atlantic Station development to Houston-based CNC Investments for $53,561 a unit. Cushman and Wakefield's locally based-office of the Apartment Group represented Sentinel.
SANTA MONICA, CA-With about a year left on its lease for part of the eighth floor at the 21-story, 245,000-sf office tower at the corner of Wilshire Boulevard and Ocean Avenue, Raleigh Enterprises inks a six-year lease extension.
LOS ANGELES, CA-Despite continued negative absorption, CB's Lewis Horne, senior managing director of the Los Angeles region, notes that suburban office markets during the second quarter "lent credence to the belief that the market may be heading toward the road to recovery.
EAST BRUNSWICK, NJ-Retail is the surprise performer, offices have been hit hardest and the market in general is seeing some key paradoxes, according to panelists at NAIOP chapter meeting.
EAST BRUNSWICK, NJ-Retail is the surprise performer, offices have been hit hardest and the market in general is seeing some key paradoxes, according to panelists at NAIOP chapter meeting.