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NEW YORK CITY-Last year's real estate market was an anomaly, says a new report from Cushman & Wakefield. So, even though vacancy rates have risen this year, they do not represent an imbalance in most markets.
NEW YORK CITY-Last year's real estate market was an anomaly, says a new report from Cushman & Wakefield. So, even though vacancy rates have risen this year, they do not represent an imbalance in most markets.
DENVER-Tenants needs are changing in the northwest corridor. The latest report puts the open space at 32.5%. A year ago, high-tech tenants sought 30,000 sf to 50,000 sf. Today they're looking for 10,000 sf to 20,000 sf.
ORANGE, CA-The company has inked a $1.3 million deal to remain in its corporate headquarters in Orange. The two-story facility, which is located at 1004 Taft Ave., has served as the tenant's corporate headquarters since 1996.
CORAL GABLES, FL-Codina Realty Services Inc. has signed the first six tenants in the 16-story, 233,000-sf, class A suburban structure to five-year leases with asking rents averaging $29 per sf to $35 per sf, one of the highest ranges to date in metro Miami-Dade County.
PORTLAND-The 16-story, 228,714-sf building in the heart of downtown Portland is owned by New Jersey-based Prudential Real Estate Investors. Ron Brenner, who managed the building for Transwestern, will continue on with Cushman & Wakefield.
DENVER-Tenants needs are changing in the northwest corridor. The latest report puts the open space at 32.5%. A year ago, high-tech tenants sought 30,000 sf to 50,000 sf. Today they're looking for 10,000 sf to 20,000 sf.
STAMFORD-Chief commercial office brokers at area brokerage firms, while acknowledging the ill effects of the economic slowdown on the Fairfield County office market, stress the region is not that bad off, with asking rents on track and tenants continuing to play ball.
MIAMI-International Logistics Group Ltd. Inc. is paying roughly $4.76 per sf for 35,000 sf of industrial-warehouse space in the Medley/airport north submarket.
LOS ANGELES-The Downtown office of Cushman & Wakefield will move a few blocks away, from Arco Plaza to newer Sanwa Bank Plaza. The relocation is an outgrowth of firm's recent acquisition of Cushman Realty.