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DETROIT-Former executive vice president of PROQUEST Commercial Property Management Fred Klugman takes over the Downtown office. PROQUEST will continue to manage Downtown buildings such as 211 W. Fort and 1001 Woodward.
DALLAS-The final price isn't being disclosed, but the 707,900-sf Park Central III and IV has brought upward of $35 million. Seller HPG Dallas LP had been asking $45 million for the premier holding, which is now in the portfolio of Catellus Development.
PORTLAND-A Cushman & Wakefield Financial Services report says 2001 rents in the Portland region are expected to rise after nearly two years of remaining relatively flat, making Portland once again attractive to multifamily investors and developers.
PORTLAND-A Cushman & Wakefield Financial Services report says 2001 rents in the Portland region are expected to rise after nearly two years of remaining relatively flat, making Portland once again attractive to multifamily investors and developers.
CHICAGO-The third major office deal in the largest submarket brings the total volume to $99.5 million. While $18.2 million was more than twice what the sellers paid in 1997, 29. N. Wacker Dr. underwent major renovations.
DENVER-With the sector's vacancy rate down a point to 4% and average rental rates up to $6.47 per sf, the local industrial market remains strong despite an absence of construction activity by local major developers.
HOUSTON-Continental Airlines has acquired about 3.6 acres that abut its 120,000-sf Northbelt Office Center I, which is used as a reservations call center. The extra land will be used for additional parking at the Grand Plaza Drive operation.
DENVER-With the sector's vacancy rate down a point to 4% and average rental rates up to $6.47 per sf, the local industrial market remains strong despite an absence of construction activity by local major developers.
CAMDEN, NJ-Cushman & Wakefield has the exclusive for four different properties located in South Jersey, ranging from 30,000 to 290,000 sf. The largest block is the former Campbell Soup warehouse.