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FLORHAM PARK, NJ-The long-term lease is part of the pharmaceutical giant's ongoing effort to reconfigure its North American headquarters and staffers in the Garden State.
COLORADO SPRINGS, CO-The possibilities are plentiful, say the brokers scouring for a buyer of the 1,724-acre Lorson Ranch. If developed as residential and commercial, the yield could easily carry a $1-billion value.
LOS ANGELES, CA-The investment services company takes 9,000 sf of commercial office space in Beverly Hills. Average rental rates here stood at $2.98 per sf at the end of the third quarter, according to recent research.
HOUSTON-The 11-story Norfolk Tower near the Greenway Plaza submarket baits what one broker calls Houston's first multi-tenant institutional buy this year. A building of this caliber, says an exec who knows the market, would command upward of $90 per sf.
MIAMI-Year-to-date net absorption is improving sharply and rents are rising or holding steady, giving brokers and analysts confidence the total 268 million-sf market is stable and showing signs of improvement, according to new third-quarter research by Cushman & Wakefield of Florida Inc.
FULLERTON, CA-Pension-advisor Rreef Funds acquires the nearly 1.3-million industrial complex from Legacy Partners Commercial. Sale comes as vacancies in most parts of the county are rising.<p>
WHITE PLAINS-While brokers are mixed as to whether the post Sept. 11 office market here should be characterized as unhealthy, most agree that demand for space has diminished as compared to last year.