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LOGAN TWP., NJ-Industrial properties have become hot in a tight marketplace, especially in the warehousing/distribution sector. This buy brings the Lend Lease portfolio value to $41 billion.
ATLANTA-Cushman & Wakefield beefs up its presence in the industrial sector with the hiring of Pamela Zoellner, former vice president of real estate at GATX Logistics.
MIAMI-The six-story, 240,586-sf office asset, being built at an estimated hard construction cost of $36 million in west Dade County, is expected to ready for occupancy Feb. 1. No preleasing activity has been announced for the spec building.
ISSAQUAH, WA-Leasing agent Mike Livingston of Cushman & Wakefield's Bellevue office says the 156,000-sf building is being designed with beefed-up electrical and HVAC systems to accommodate the needs of high-tech tenants. Space is available at $24/sf net.
LOS ANGELES-Brokerage powerhouse adds small but highly successful Matlow-Kennedy Commercial Real Estate Services to its 10,000-person worldwide network. Move strengthens Cushman & Wakefield's position in hot South Bay market.
LOS ANGELES--Lowe Enterprises represents East Coast retirement fund in $50-million office purchase in El Segundo. The pair will build an additional 90,000 sf on an adjacent parcel.
DENVER-This year's hardy growth in the city's commercial real estate market will only get better next year or at least stay the course, say executives from Cushman & Wakefield's Denver office.
RENTON, WA-Lend Lease Investments acquired one of the properties on behalf of an institutional client. Sherron & Associates, a Bellevue-based syndicator, acquired the other.
DENVER-How high can the CBD's rental rates jump? One broker says per sf rentals could peak at $40 in the next two years. Meanwhile, the suburban southeast corridor is gaining momentum on the CBD.