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BOSTON-Overall vacancy rates in the area continue to climb despite persistent rumors that the recession is nearing its end. An industry expert tells GlobeSt.com that the market is probably at its bottom and could see a recovery by the end of the year.
BOSTON-Overall vacancy rates in the area continue to climb despite persistent rumors that the recession is nearing its end. An industry expert tells GlobeSt.com that the market is probably at its bottom and could see a recovery by the end of the year.
MIAMI-The Texas retail REIT and joint sellers AMB Property Corp. of San Francisco and the Lefmark Group of Miami decline to give the sales price. But area brokers intimate with the deal tell GlobeSt.com on condition of anonymity the trophy, 31-year-old property went for at least $150 per sf or about $35 million, one of the highest shopping center prices in Broward County over the last two years.
BOSTON-Overall vacancy rates in the area continue to climb despite persistent rumors that the recession is nearing its end. An industry expert tells GlobeSt.com that the market is probably at its bottom and could see a recovery by the end of the year.
NEW YORK CITY-With its acquisition of the Wadley-Donovan Group complete, Grubb & Ellis executives say theirs is now the only real estate firm to offer comprehensive site selection services as an in-house menu item. Competitors beg to differ.
LONDON-Amsterdam in the Netherlands has seen its biggest retail letting in over a decade, with UK retailer JJB Sports taking the former Marks & Spencer store at 66-72 Kalverstraat on a new lease from landlord Fortis.
LONDON-Barclays Bank has put its 314,000-sf headquarters at 54 Lombard Street in the City up for sale with a 190 million-pounds ($270 million) price tag. Cushman & Wakefield Healey & Baker and Atis Real Weatheralls have won the sale instruction.
EAST RUTHERFORD, NJ-Preliminary 1Q market numbers from C&W show sublet space watering down the office sector, while industrial remains tight and active.
LYNNWOOD, WA-A Bellevue-based development company completes a six-story, class A office building here. The company is hoping for success similar to its Mountlake Terrace Corporate Center.
ADDISON, TX-Isotag Inc., founded seven years ago by two Texas oilmen, is relocating its headquarters to Dallas from Miami. The 23,328-sf, 10-year lease drives a plant shutdown near Houston and a scaling back in Miami and Albuquerque.