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MIAMI-Overall and direct vacancy rates increase in two of three South Florida counties, though asking rents for commercial office space remain stable, according to a new study by Cushman & Wakefield of Florida Inc.
FORT LAUDERDALE, FL-Delivery of new product in the first quarter, though, pushes overall vacancy rates upward in Broward, Miami-Dade and Palm Beach counties and provides tenants with some short-term leasing opportunities. Fort Lauderdale is 26 miles north of Miami.
DENVER-Boeing officials are making their rounds in the site selection for a new headquarters. They'll be back in Denver May 1-2 and Dallas, April 24-25. It's a red carpet treatment as cities compete for the final nod.
PORTLAND-The firms will be filling vacancies in a 4.2-million-sf Portland-area industrial portfolio the Chicago-based investor of pension funds is acquiring in a $400 million, 8.3-million-sf staged acquisition from Spieker Properties that began last fall and will continue through 2001.
NEW YORK CITY-Availability may be increasing, but another big piece of office space is officially off the market. The Kipp/Stawski Group, owners of 360 Madison Ave., has added GKM to their tenant roster.
HOUSTON-Vantage Cos. has kicked off one of the first brand-new business parks in the market. The 28-acre, 365,000-sf development fronts Beltway 8, the bulk of which had been formerly owned by Houston industrialist William K. Bondeson.
ATLANTA-The local office of the national brokerage negotiated for New York-based Blackstone Real Estate Advisors and Norfolk, VA-based Stanton Properties in the $11.2 million sale of the 175,843-sf Colonial Square Shopping Center in Colonial Heights, VA near Richmond, 500 miles northeast of Downtown Atlanta.
FRANKLIN TWP., NJ-Bergman Real Estate and Grand Realty acquire 64,000-sf institutional facility, and will continue extensive renovation effort initiated by the previous owner. Cushman & Wakefield represented the seller, Lincoln property.
HOUSTON-Two leases, totaling 178,000 sf, have been cut for Memorial City Plaza that spell office consolidations for two companies. TotalFina's 130,000 sf will combine two locations and Computer Associates' 48,000 sf, three.