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BRIDGEPORT, NJ-Pep Boys will consolidate its distribution operations in New York State after selling this New Jersey facility to a Boston-based institutional investor for $5 million.
ORANGE, CA-The buyer, Matrix Service Co., intends to build a regional office and distribution facility on the 5.6-acre site. The distribution facility will be used for the company's aboveground storage tank services unit. Matrix provides maintenance, construction services and products to the petroleum industry.
NEW YORK CITY-The Federal Reserve, as expected, cut interest rates by another quarter of a percentage point. Cushman & Wakefield's Tim Welch tells GlobeSt.com it will likely not have a significant impact on real estate investing.
NEW YORK CITY-Murray Hill Properties/TCN Worldwide has closed on the acquisition of Madison Square Park at 15 East 26th St. between Madison and Fifth Avenues, near the Met Life building.
MIAMI-A new report by Cushman & Wakefield of Florida Inc. shows vacancies at 14.6% in Broward, up 1.1%; and 14.2% in Dade, up 2.9%. Palm Beach County's vacancy rate moved down slightly in the second quarter from 12.9% to 12.8%.
MOUNTAIN VIEW, CA-The handheld computer company takes 29,000 sf of flex space being sublet by Starlight Networks, a provider of networking server software products. It's a stopgap measure while it waits for completion of a build-to-suit project in Sunnyvale.
MIAMI-A new report by Cushman & Wakefield of Florida Inc. shows vacancies at 14.6% in Broward, up 1.1%; and 14.2% in Dade, up 2.9%. Palm Beach County's vacancy rate moved down slightly in the second quarter from 12.9% to 12.8%.
MIAMI-A new report by Cushman & Wakefield of Florida Inc. shows vacancies at 14.6% in Broward, up 1.1%; and 14.2% in Dade, up 2.9%. Palm Beach County's vacancy rate moved down slightly in the second quarter from 12.9% to 12.8%.
MIAMI-New second-quarter estimates show little appreciable change in industrial-warehouse markets in Broward and Miami-Dade counties over the first quarter this year, although Palm Beach County appears a little softer.
LOS ANGELES-The architecture and engineering giant will relocate to the CBD, bringing more than 500 workers with it. The move is seen as the biggest boost yet for Downtown's fledgling comeback.