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DALLAS-Vacancy rises across all product type in the industrial sector, with the Q4 close showing 11% for bulk warehouse and 12.9% for office-showroom. Still, the region remains in the Top 10 for institutional investors, says a C&W top producer.
DALLAS-Vacancy rises across all product type in the industrial sector, with the Q4 close showing 11% for bulk warehouse and 12.9% for office-showroom. Still, the region remains in the Top 10 for institutional investors, says a C&W top producer.
NEW YORK CITY-Manhattan's Financial District shows its Post-9/11 allure as Union Bank inks a Downtown deal for 23,458 sf. The bank had been lodged in Tower 2 of the World Trade Center. The bank signed a seven-year lease for the entire 23rd floor at 40 Wall, which it plans to occupy by late February.
DALLAS-White Consolidated Industries will relocate in early January to the 439,080-sf Pinnacle 3 in Dallas. It's one of the quicker deals to close, pushed in part by a bid to reduce costs and get closer to the region's freeway network, says Hillwood.
PLANO, TX-AT&T Wireless has taken up residence in a 76,320-sf office-warehouse property along Shiloh Road in Plano. The firm is occupying 31,840 sf in a long-term lease that keeps the Cabot Industrial holding at full occupancy.
NEW YORK CITY-Three new deals that fill four full floors at the just-completed office tower mean the 360,000-sf glass building will be 85% leased when it opens later this month.
DENVER-Sales of office, retail and industrial properties that sold for at least $1 million will hit $1.05 billion this year, the worst since $885 million in 1996, says Cushman & Wakefield broker Patrick Deveraux.
SEATTLE-Around most of Puget Sound, fourth quarter news about the office market is glum -- escalating vacancies and diminishing rents. Amid the turmoil, however, the Southend and Northend submarkets have managed to remain relatively stable.
SAN JUAN CAPISTRANO, CA-According to the agreement, the social services organization will take 8,007 sf for five years. The group will relocate its South Orange County branch office to the new location.
BELLEVUE, WA-One glance at Cushman & Wakefield's fourth quarter statistics, and it's obvious Bellevue's office market numbers are ugly. Tom Bohman says they reflect a tourniquet on the sublease wound but high vacancies that could go much higher.