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WASHINGTON, DC-Julien J. Studley's National Law Firm Benchmark Survey finds law firms taking on less and less office space, thereby cutting back enormously on their second-largest expense--real estate.
HOUSTON-A lampshade wholesaler takes 12,905 sf at 7808 Kempwood Dr. An engineering firm signs for 10,500 sf at 12112 Almeda Rd. The larger deal comes down between tenant Vision Comfort and Weingarten.
PORTLAND, OR-Any hope for a speedy recovery of the region's office market following an optimistic Q1 report has waned. A preliminary Q2 report suggests that local office markets slipped backward, with vacancy rising, rents declining and absorption back in the red zone.
HOUSTON-The Prairie View A&M University's nursing school relocates for renovations to its medical center building. The school takes up 46,667 sf of a 219,054-sf building on the southern fringe of Houston's CBD.
WEST ORANGE, NJ-Wolff & Sampson, one of the 10 largest legal firms in NJ, will move its main office to a new building here. GVA Williams did the deal for the property owner, and C&W repped the tenant.
SAN FRANCISCO-Cushman & Wakefield has released its preliminary second-quarter 2002 report, which reveals that the San Francisco office market is still suffering from the technology crash.
SAN FRANCISCO-Cushman & Wakefield has released its preliminary second-quarter 2002 report, which reveals that the San Francisco office market is still suffering from the technology crash.
SEATTLE-Across America, the excess of capital available for real estate investments is creating a competitive market. According to Cushman & Wakefield, Seattle is more competitive than it has been in two years.
CHICAGO-Building Owners and Managers Association convention-goers get a downbeat forecast for the office and industrial markets during a panel discussion kicking off Asset Management Day. "What has happened today is totally beyond comprehension," observes Real Estate Media editor-in-chief Michael G. Desiato.
MCALLEN, TX-The window furnishings retailer takes advantage of sublease availability from Victory Packaging. The McAllen location came with terms for a take-back, if needed, confides a broker on the deal.