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STAMFORD, CT-Large blocks of sublease space put on the market in the fourth quarter of 2001, especially by high technology firms, caused the office availability rates in downtown White Plains and Westchester County to spike higher.
HOUSTON-A California-based outpatient dialysis business heads to Pin Oak Crossing shopping center while Sterling Capital Mortgage goes to Clear Lake City for its new office. The nationwide dialysis provider has 488 centers in the US.
IRVINE SPECTRUM, CA-The two-story facility encompasses 29,442 sf of office and R&D space. The seller, ProLong Super Lubricants, will lease back the building.
WHITE PLAINS-Despite the ongoing economic slowdown and its impact on the commercial office market, EastRidge Properties reports that its portfolio in Westchester County finished 2001 with a 96% occupancy rate.
ORLANDO-While Central Florida has no structures comparable to the two destroyed 110-story World Trade Center buildings in New York Sept. 11, area brokers, developers and constructors tell GlobeSt.com they expect tenants who need to be Downtown to remain there, even with the growth of new telecommunications tools.
LOS ANGELES, CA-By the end of 2002, the report goes on to say, stronger demand for office space, particular in entertainment and the aerospace/defense sectors, is expected to reduced the overall vacancy rate 12 %, well below the market's historic norms.
LOS ANGELES, CA-By the end of 2002, the report goes on to say, stronger demand for office space, particular in entertainment and the aerospace/defense sectors, is expected to reduced the overall vacancy rate 12 %, well below the market's historic norms.
TRUMBULL, CT-Oxford Health Plans Inc., has signed a major lease extension at 7120 Main St. here, according to Cushman & Wakefield of Connecticut, which brokered the 10-year deal.
AUBURN HILLS, MI-Local brokerages Signature Associates-ONCOR International of Southfield and Cushman & Wakefield of Michigan arrange a 58,000-sf of office lease for the automotive credit manager's regional service center.
NEW YORK CITY-The local industrial market will be the first to come out of the current industry-wide slump, followed by the office and retail sectors, real estate analysts say.