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CHICAGO-Grubb & Ellis shores up its ranks here with the hirings of Adair Schwartz as senior vice president and John Kinsella as vice president of office advisory services.
MIAMI-The former associate vice president at Miami-based America's Capital Partners will focus on the Brickell Avenue and Coral Gables areas, including Codina Group's new office tower at 355 Alhambra Circle.
MIAMI-Carter W. Hopkins Jr., who comes from a family involved in Miami real estate development since the 1920s, is the new vice president of brokerage services in the Miami office of Trammell Crow Co.
SEATTLE-A forest products company has sold a Class A office building to private investors for $8.7 million and then leased back the building for five years.
PARSIPPANY, NJ-First Trenton Indemnity, part of Travelers Insurance, has bumped its headquarters space up from its original 25,000 sf at Schenkman/Kushner's 3 Century Dr.
NEW YORK CITY-Glenn Markman, a perennial top producer at Grubb & Ellis, has left the firm where he launched his career to accept an executive director post at Cushman & Wakefield.
HOUSTON-The redeveloped office building in the Montrose/Allen Parkway snags another lease for its Texas-based owners. The Family Service Center takes 6,594 sf. It's the second pact for the property in three months.
NEW YORK CITY-What effect will the World Trade Center redevelopment have on the downtown office market? Industry experts tell GlobeSt.com that developer Larry Silverstein will be in a strong position to undercut the Downtown market, unless federal subsidies reduce the discrepancy between rents he can charge and what others must ask.
SEATTLE-The downtown office market in Seattle has finally showed signs of stabilization, according to Cushman & Wakefield's preliminary second quarter report, possibly due to a decrease in office rents and increase in demand.
MIAMI-The former co-founder of Southern Systems Inc. is searching for tenants to fill Millennium Partners' 220,000-sf of office at the Four Seasons Hotel and Tower on Brickell Avenue and for buyers to develop the 75-acre, mixed-use Rockefeller Group Corporate Park in Miramar, FL, Broward County.