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SAN FRANCISCO-By the end of this year, San Francisco office rates will be similar to those in Oakland, and the market will continue to look glum through 2003, say industry experts.
NAPERVILLE, IL-The western end of the East-West Corridor, which went from boom to bust along with the fortunes of the dotcom and tech industries, leads the suburban submarkets with a 21.3% vacancy rate.
DENVER-The member of the 2001 Denver Metro Commercial Association of Realtors' Heavy Hitters list will oversee leasing of seven buildings totaling 2 million sf.
DALLAS-Cushman & Wakefield of Texas promotes one and hires one while Insignia, in its ongoing courtship of the ranks, gets a new senior managing director of property management and leasing.
SCHAUMBURG, IL-Tenants have choices throughout the suburbs, but no more so than here, where the largest suburban submarket's vacancy rate soars past 20% to begin 2002. It could reach 25% here and throughout the suburbs, experts say.
MEDFORD, MA-Abbot RE Development LLC Acquires One Brainard Ave. here in the Route 495/South area. The company purchased the 56,000-sf manufacturing facility from JJJ Realty Trust for $5.4 million and plans to redevelop the site into a multifamily housing complex.
HARRISON, NY-RPW Group Inc. of White Plains has purchased the Harrison Court Medical Center complex here from GE Capital Corp., for $12.8 million, GlobeSt.com has learned.
MIAMI-The Greenwich, CT-based developer plans to break ground in February on a 15-story apartment-retail-parking building and a four-story retail-restaurant-office venture on Miracle Mile, the city's premier shopping district.
HERNDON, VA- Cushman & Wakefield oversees the $61-million dollar sale of two buildings on behalf of the buyers, both of which are under the management of TA Associates Realty, Inc. The two buildings sit along the Dulles Toll Road, and account for a combined total of more than 330,000 sf of prime office space.
CHICAGO-It's early, but the biggest Downtown office lease so far this year is JPMorgan Chase Bank's deal for 86,000 sf at the AT&T Corporate Center/USG Building at 227 W. Monroe St., where asking rates start at $30 per sf net.