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LOS ANGELES-National Life of Vermont takes space in the Century City section of Los Angeles in a building owned by Dusenberg Investment Co. The transaction value is in excess of $1.5 million.
PLANO, TX-Lincoln Property Co. sells a high-end retail project to an entity of Clearview Investments, a boutique firm with deep-pocketed backers. The 112,389-sf design center, about two years old, was the first retailer to roll out in the tony Shops at Legacy.
LOS ANGELES-Tenet Healthcare Corp. has signed a 10-year, $11.29-million lease for 33,500-sf in West Wilshire Center. The property is currently undergoing renovation and will have a new look in the second quarter of 2002.
MIAMI-A first-quarter Cushman & Wakefield study reports rising vacancies of 16.2% in Miami-Dade County; 20.8% in Broward; and 14.1% in Palm Beach. Brickell Avenue, Miami's financial district, could be in for a shock as 236,000 sf becomes vacant over the next 15 months.
STAMFORD, CT.-Westchester County's overall office vacancy rate has shown some signs of improvement in recent months, prompting Cushman & Wakefield officials to say that the market is beginning to turn around from the post 9-11 slowdown.
MIAMI-A first-quarter Cushman & Wakefield study reports rising vacancies of 16.2% in Miami-Dade County; 20.8% in Broward; and 14.1% in Palm Beach. Brickell Avenue, Miami's financial district, could be in for a shock as 236,000 sf becomes vacant over the next 15 months.
CANOGA PARK, CA-The property is located near the Warner Center sub-market, across the street from a Westfield Shopping Town. The buyer was Owensmouth LLC. The seller was Arden Realty Inc.
PHOENIX-The new deals take the 76,528-sf office building to the halfway mark. Woodside Homes, Change of Heart and the Elk Corp. take a combined 14,137 sf. One tenant is unpacking while the other two plan move-ins before June 1.
POMONA, CA-The aerospace contractor signs a six-year lease for 101,847 sf of industrial space here at 2855 Reservoir St. The 17-year-old, free-standing building is owned by Northwestern Mutual Life Insurance Co.
CHICAGO-Trammell Crow Co. brokers create the tide that lowers or maintains the vacancy rates in three submarkets, inking industrial lease deals for San Francisco-based AMB Property Corp.