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NEW YORK CITY-Within three months, 13 new leases have been signed for AMB Property Corp.'s 34-building portfolio within the JFK Airport Corridor. This industrial area is almost completely occupied.
DENVER-The city's CBD office market may become as strapped as Washington, DC, Boston, Manhattan, Austin or Southern California by the end of 2001. The absence of new construction and the CBD's emergence as the metro's entertainment district drive the prediction.
SAN JOSE-Manhattan-based Rockefeller Group Development Corp. is master leasing a six-story, 100,841-sf building under development on Winchester Boulevard, and then subletting four floors to affiliate Rockefeller Center Business Centers and one floor to Cushman & Wakefield.
DALLAS-Tomlinson Leis has acquired a 96,750-sf, three-building complex owned by RREEF Funds, which has owned the site for 18 months. RREEF purchased the Century Circle property in a portfolio buy from AEW Investment Management of Boston.
SAN JOSE-The Chicago-based real estate investment advisor is the new owner of the Tully Business Center in San Jose, the Scott Creek Business Park in Fremont, and Cabot Business Park in Hayward.
DALLAS-Cushman & Wakefield Inc. has named its long-time Texas star, Robert T. Edge, to a vice-chairman post. Edge, a man in-the-know, says it's time lenders forget the past and ease up on pre-leasing requirements for new projects so Texas can go about its business.
LOS ANGELES-Analysts say New Jersey REIT's acquisition of the giant wholesale complex Downtown could benefit its tenants, citing Vornado's nationwide presence and massive marketing budget.