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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.
DALLAS-A strategy to beef up Cushman & Wakefield of Texas Inc.'s asset services division is under way with the signing of an 800,000-sf industrial pact. Newly hired James L. Mertz Jr. plans more such pacts as just part of his expansion plan.
NEW YORK CITY-Daniel H. Lesser, Cushman & Wakefield's senior director of the Hospitality Industry Group, predicts that cities with high entry barriers will make it through the downturn and succeed in the long term.
SAN FRANCISCO-Company officials called the opening a beginning to the additions planned for Northern California locations. Transwestern also has offices in Oakland, Sacramento and San Jose.
MANCHESTER, NH-Fleet Bank renews its lease here at 1155 Elm St., while Transcept Inc., a telecommunications manufacturer, leases 42,000 sf at 955 Perimeter Rd. for its corporate headquarters.
SOUTH BRUNSWICK, NJ-The Oklahoma-based Fleming Cos., in the midst of a turnaround, will use the space to service its customers in the Northeast region. The lease represents the entire first phase of Turnpike Crossing.
WILTON, CT-A lease expansion by PanAmSat Corp. for an additional 10,732 sf of space has brought the recently completed 335,000-sf Twenty Westport Road property here to full occupancy.
MCLEAN, VA-Chip Ryan, a 20-year real estate industry veteran, comes to Cushman & Wakefield after nine years at Insignia/ESG, where he served as executive director of the company's McLean office.
GRAND PRAIRIE, TX-There's no room at the inn in a 170,100-sf manufacturing site in the Great Southwest Industrial Park. ServiceCraft is renewing for the short term and Wagner Industries, is returning for the long term.
MIAMI-CB Richard Ellis Inc. is marketing the 79,257 sf vacated in two buildings by affiliates of the Spanish telecommunications company. The space is leasing at full-service rates below the submarket average of about $29.75 a sf.