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NEWARK-The utility, a longtime corporate presence in New Jersey's largest city, has taken two more floors at 80 Park Plaza. GVA Williams and Cushman & Wakefield were the brokers.
MELVILLE, NY-Organic foods manufacturer the Hain Celestial Group, which owns the popular Celestial Seasonings Teas brand, will double the size of its headquarters when it moves from its Uniondale, NY offices to 35,000 sf of space at Reckson Executive Park here.
PHOENIX-The Phoenix senior managing director for Cushman & Wakefield of Arizona Inc. will be overseeing the 164th office in the corporate network. The brokerage firm has just opened a Las Vegas office and put a 19-year CB Richard Ellis veteran in charge.
LOS ANGELES-The law firm of Winston & Strawn takes 50,000 sf in Wells Fargo Center through 10-year deal valued at about $15 million. After suffering throughout much of the 1990s, the CBD now appears to be on its way back.
DALLAS-It's time to renegotiate, restructure, renew or relocate in the Dallas-Ft. Worth metroplex as direct and sublease space hit nearly 35 million sf. Professionals are hopeful the region will emerge first, as usual, when the nation's economy rebounds.
HOUSTON-McShane Corp. has wrapped up work on the first phase of its Northwest Crossing, a 62,000-sf office-flex building. The northwest submarket, says a McShane VP, is noticeably void of that product type. Coming next: a 53,000-sf office-flex structure.
ORLANDO-Rising vacancies and softening rents still aren't convincing building owners to lower sales tags on their assets, a selected group of lenders, brokers and appraisers tell GlobeSt.com. The result: fewer deals are being done and even fewer are in the works.
HOUSTON-DeVry Institutes, the nation's most highly recognized name in high-tech education, is coming to Houston. The Oakbrook, IL-based educator has closed a 17-acre buy in Westway Park, eyeing a 2002 groundbreaking on a 100,000-sf campus.
LOMBARD, IL-Cushman & Wakefield's office services group is attempting to sublease the two-building complex at 360 E. 22nd St., asking $12.50 per sf net for space in the East-West Corridor, hit with high vacancies.
BRAINTREE, MA-Sun Life Financial acquires Plaza Executive Center, a first-class office building located at 300 Granite St. here. The Wellesley, MA-based company paid $13.9 million for the 89,500-sf building.