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PHOENIX-The 483,000-sf, 90%-occupied Viad Corporate Center has a new taskmaster. Dallas-based Trammell Crow's Phoenix team has wrested the leasing and management pact from Cushman & Wakefield of Arizona.
LOS ANGELES-The financial-services giant will keep its 65,000 sf of office space in Downtown's MCI Center. The five-year deal is the latest in a string of transactions that has pushed CBD vacancy rates to a 10-year low.
GLENDALE, CA-Arthur J. Gallagher & Co. signs 15-year deal valued at more than $12 million for 45,000 sf of office space at 505 N. Brand office complex. Investment arm of CB Richard Ellis acquired the building for $55 million last year.
LOS ANGELES-The CBD's vacancy factor has dropped to 15.8% from 17% at mid-year, C&W says, as low rates continue to lure price-conscious tenants. Vacancies on tech-heavy Westside surge.
NEW YORK CITY-Marketing is under way for a 530,000-sf industrial development at JFK Airport, the first large-scale development in the area for 15 years.
ATLANTA-The Dallas-based provider of enterprise information solutions is taking the class A northwest Atlanta space at an estimated full-service rent of $23 per sf, making the 10-year contract aggregately valued at about $22 million, area brokers tell GlobeSt.com.
EVANSTON, IL-A securities firm and consulting company are involved in office lease transactions in this North Shore suburb, while a moving company takes 25,712 sf in nearby Lincolnwood.