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CHICAGO-A Cushman & Wakefield report finds that, in spite of vacancy increases, asking rates for space remain constant. No new construction was completed in Chicago's CBD while 1.5 million sf of space was added in the suburbs.
CHICAGO-A Cushman & Wakefield report finds that, in spite of vacancy increases, asking rates for space remain constant. No new construction was completed in Chicago's CBD while 1.5 million sf of space was added in the suburbs.
DENVER-In the largest office sale so far this year, Beacon Capital Partners Inc. paid $81.575 million for the Park Central office complex Downtown. Lowe Enterprises made a 160% return in six years.
ATLANTA-The locally based Cushman & Wakefield subsidiary arranged the transactions in Georgia, South Carolina and Alabama. The units sold for an average $33,602.
LOS ANGELES-Property owner Shuwa Investment signs architectural firm Zimmer Gunsul Frasca up for 20,000 sf at its Downtown office complex. The practice will relocate from the nearby Wells Fargo Center.
HURST, TX-The Freeman Group, a North Texas mix of multiple vehicle dealerships, has bought 15 acres in the Ft. Worth suburb of Hurst for a Toyota offering. Across the street is another Freeman dealership. Ground will break in the fall.
TEMPE, AZ-Logistics and freight company, CSI Crown, has signed for 27,000 sf in an interim lease until its 36,400-sf spot is ready at Sky Harbor Transit Center. The interim space is situated at 725 W. Alameda Dr. in Tempe.
DALLAS-Area brokers have put somewhat of a dent in available office space, signing four tenants to an aggregate 94,842 sf. Insight for Living, a radio ministry, is taking 46,972 sf of that grand tally for its global headquarters at One Legacy Town Center.
PORTLAND-The property is located in the Port of Portland's Rivergate Industrial District in North Portland. The acquisition price would be $1.2 million, or about $4.50 per sf.