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RICHARDSON, TX-Avaya Inc., headquartered in Basking Ridge, NJ, takes 107,000 sf in the newly completed Creekview Corporate Center II. That and a signing by Sony Pictures shows the mettle of the Telecom Corridor, the region's hardest hit office submarket.
DENVER-The brokerage house that was once bullish on job growth here has hired Noon & Co. to find a buyer for its two-building campus on 33 acres in Douglas County. The sales price could top $50 million, experts believe.
SAN DIEGO-Stephen P. Cushman will represent the city as chairman of the powerful San Diego Port Commission. Cushman was installed this week during a swearing-in ceremony at the San Diego Convention Center.
BURLINGTON, MA-InterGen subleases 65,522 sf of space here in a 135,000-sf building leased by Nokia. The cell phone company leased the building in anticipation of growth but the current recession forced a change in plans.
ORANGE COUNTY, CA-In a recent survey, brokerage firms predict that Orange County's industrial rents will decrease in the upcoming months, while sale prices will remain fairly stable.
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.
SAN FRANCISCO-Merrill Lynch has put three floors in Financial District on the sublease market. Broker Cushman & Wakefield may face a challenge in finding tenants, as there is about 6.5 million-sf of sublease space on the market.
BEDGORD, NH- Merchants Realty Trust acquires 2 Commerce Park Drive here from 2 Commerce Park Drive Association for $3.5 million. The new airport access road being installed near the Commerce Park West development made the building attractive to investors, according to a broker involved in the deal.
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.
WOODBRIDGE, NJ-The signings, which total more than 50,000 sf, include everything from a pharma company to an insurance firm, a software developer and a spark plug maker.