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MESQUITE, TX-Georgia-Pacific's 375,266-sf signing to relocate from Hillwood's AllianceTexas to its Skyline Business Park marks the region's second largest signing this year. Still to come is a much larger lease, confides a Hillwood insider.
ISELIN, NJ-The deals involve new leases, expansions and renewals in the northern and central parts of the state. The list is topped by Princeton Optronics' 46,200-sf relocation.
SANTA ANA, CA-The transportation services company has inked a $4.4-million lease for a 100,000-sf facility that now houses its corporate headquarters. The transaction will allow the company to expand its operations.
HOUSTON-Hosting the 2012 Summer Olympics means short-term highs of $500 million of new construction, $1.2 billion for the hospitality sector and $4.3 billion overall. The long term is Houston, if selected, would emerge more of a destination location.
SAN JUAN CAPISTRANO, CA-A $6.9-million loan is finalized for a 70,088-sf, five-building complex in San Juan Capistrano. Terms of the three-year non-recourse loan include an 85% LTV ratio. Heller Financial provides the financing.
GREATER BOSTON-A third quarter report indicates that while vacancy rates have gone up, a good deal of that is due to sublease space. A local industry expert insists that this is an indication that while the economy is suffering, the commercial real estate market here is fundamentally healthy.
LOS ANGELES-Oaktree Capital Management signs $5.4-million lease for an additional 25,000 sf of office space at Wells Fargo Center. The deal is latest sign to mark the comeback in the CBD, where vacancies have dropped to a 10-year low.
LONDON-Office availability in central London grew by 50% in the third quarter of 2001, according to Healey & Baker's latest market survey. The vacancy rate rose to 4.1% from the previous quarter's 2.7%.
LONDON-Office availability in central London grew by 50% in the third quarter of 2001, according to Healey & Baker's latest market survey. The vacancy rate rose to 4.1% from the previous quarter's 2.7%.
LOS ANGELES-Oaktree Capital Management signs $5.4-million lease for an additional 25,000 sf of office space at Wells Fargo Center. The deal is latest sign to mark the comeback in the CBD, where vacancies have dropped to a 10-year low.