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SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.
FRANKLIN TWP., NJ-Bergman and Grand Realty team up for their second asset purchase in recent months. Grand Realty has acquired five properties over the last 12 months.
SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.
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.