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TACOMA, WA-A weakened Puget Sound office market has developer Opus Northwest substantially reducing the size of its Pacific Steps project here. The company also has yet to ink tenants for its nearly complete 156,000-sf Eastpointe project further north in Issaquah.
SAN DIEGO-3Com has signed a six-year lease for 27,000 sf of space at Scripps Northridge Corporate Plaza in a deal worth $3.6 million and Titan/Visicom has taken 31,500 sf there. The latter is for 5 years and is valued at $3.5 million.
STAMFORD, CT-Abbey National Treasury Services PLC, the fifth largest bank in Britain, will establish a US headquarters operation in more than 17,000 sf of space at 400 Atlantic St., the former Champion International building.
ELMSFORD, NY-The New York/Connecticut office of Mack-Cali Realty Corp., announced the winners of its Thirteenth Annual Broker Hall of Fame awards, which included Phil Luria of Austin Corporate Properties who was named Broker of the Year for 2000.
ISSAQUAH, WA-Many brokers with an inside line on the Seattle market are saying Boeing may become the primary tenant in Opus Northwest's 156,000-sf Eastpointe office building scheduled for completion in April.
NEW YORK CITY-After undergoing an extensive renovation, 48 Wall St. will be ready for occupancy in the coming month, and after signing a 10,000-sf lease, the building will hit the 50% occupancy-mark.
NEW YORK CITY-After undergoing an extensive renovation, 48 Wall St. will be ready for occupancy in the coming month, and after signing a 10,000-sf lease, the building will hit the 50% occupancy-mark.
CHICAGO-Peter Block and Tamara Kos of Cushman & Wakefield's Chicago office have been retained by developer SoGO Partners to lease the remaining 40,000 sf in three buildings at Hubbard and Noble streets.
MIAMI-Locally based Terranova Corp. estimates overall office vacancies dropped in 13 submarkets to 10.56% in 2000 from 10.7% in 1999. The average asking rent increased to $22.04 per sf from $21.38 per sf. Average prices paid for office assets dipped by 2% to $80.46 per sf from $82.18 per sf.
MIAMI-Locally based Terranova Corp. estimates overall office vacancies dropped in 13 submarkets to 10.56% in 2000 from 10.7% in 1999. The average asking rent increased to $22.04 per sf from $21.38 per sf. Average prices paid for office assets dipped by 2% to $80.46 per sf from $82.18 per sf.