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LOS ANGELES-Cushman & Wakefield completes purchase of locally based Cushman Realty, doubling the New York-based firm's presence in Southern California. GlobeSt.com broke news of the planned merger in April.
DALLAS-A Cushman & Wakefield account director has moved up the ladder to director of the national services group for the Midwest and Texas. Dawn L. McReynolds will be overseeing a staff of 25 in her new position.
PHOENIX-Come December, the Social Security Administration will be operating its teleservices center from a new Central Avenue office. The federal agency has sealed an 18,000-sf lease in the 15-story 2700 N. Central Ave. high-rise.
PHOENIX-Before the week's out, Kitchell Development crews will be pushing dirt on a $75-million business park near the airport. The delivery is timed to coincide with a predicted pickup in leasing activity.
NEW YORK CITY-The French Embassy Treasury Representative is leaving a portion of the 53rd floor of 1 World Trade Center for 3,950 sf at 48 Wall St. The deal is a 10-year lease valued at $1.7 million.
DENVER-Retail, particularly grocery-anchored retail centers, are sought after in the market but the associate director of Cushman & Wakefield's Denver office predicts a 36% drop in office, industrial and retail sales volume.
ELK GROVE VILLAGE, IL-A 100%-leased 25,000-sf industrial building at 65 Kelly St. is sold for $1.05 million after a 20,616-sf industrial building at 115 Gateway in west suburban Bensenville sells for $825,000.
DENVER-Retail, particularly grocery-anchored retail centers, are sought after in the market but the associate director of Cushman & Wakefield's Denver office predicts a 36% drop in office, industrial and retail sales volume.
MANCHESTER, NEW HAMPSHIRE-Raytheon Corporation sells its 2.72-acre site here on East Industrial Park Drive to Astoria LLC for $204,000. Once it secures an anchor tenant, Astoria plans to develop the site and lease the building on a build-to-suit basis.
ATLANTA-The estimated value of the three-year lease is $3 million. GES Exposition Services is a Las Vegas-based, wholly owned subsidiary of publicly traded Viad Corp. in Phoenix.