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PHOENIX-Cushman & Wakefield of Arizona reports market conditions are changing, including a decline in new construction, although no one submarket experienced six-figure absorption for first quarter 2002.
NEW YORK CITY-Having turned most of its ill-conceived vertical mall into office space, Argent Ventures has brought in Cushman & Wakefield to manage the repositioned property, once the home of Gimbel's department store.
CHICAGO-Fast-growing international law firm Altheimer & Gray renews its lease for more than 7% of the space at 10 and 30 S. Wacker Dr., the Chicago Mercantile Exchange Building owned by a joint venture involving Equity Office Properties Trust.
LONDON-Morley Fund Management, manager of the Norwich Property Trust portfolio, has bought a prominent retail park in Portsmouth, Hampshire, from Credit Suisse Property Investment Management.
HOUSTON-The 1.25-million sf Marathon Oil Tower becomes a two-time TOBY winner in the one million sf plus category. Honored by the local BOMA chapter, the Cushman & Wakefield-managed 41-story tower now moves onto the regionals.
PHOENIX-Cushman & Wakefield of Arizona reports market conditions are changing, including a decline in new construction, although no one submarket experienced six-figure absorption for first quarter 2002.
PHOENIX-MC Development Corp. and DITRON Inc. have acquired lots in the Northwest Airpark, a 65-acre project at the crossroads of 19th Avenue and William Road in Phoenix. Both intend to own, build and occupy their structures.
ATLANTA-A handful of land parcels have traded hands in the Southeast for the development of new multifamily properties and the expansion of existing assets. In one of the deals, NorSouth Corp. plans to develop a 50-acre property in Fairburn, GA with 493 units.
ATLANTA-A handful of land parcels have traded hands in the Southeast for the development of new multifamily properties and the expansion of existing assets. In one of the deals, NorSouth Corp. plans to develop a 50-acre property in Fairburn, GA with 493 units.