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WHITE PLAINS-Reckson Realty Associates announced that it recently recognized a number of area brokers and contractors at its annual Broker and Contractor of the Year Awads program.
CHICAGO-A 26-story Downtown office building one block west of the Loop has changed hands. The 290,807-sf building was 99% occupied at the time of the sale. The new owners' plans were not immediately available.
SAN DIEGO-Robert E. Hill and Stephen L. Rowland, both of them top institutional sales pros, join Cushman & Wakefield's fast-growing University Towne Centre office.
NEW YORK CITY-Brokers from the company based here arranged the acquisition of the Union Meeting IV building on behalf of Berwind Property Group. This is yet another deal, strengthening C&W's presence in the mid-Atlantic region.
MIAMI BEACH-The eight-story, 140,000-sf Lincoln Place, under construction at Washington Avenue and 16th Street in this eight-mile long, trendy tourist destination, expects to be open for business by early 2002. Comras Co. and financier LNR Property Corp. are doing the project.
DALLAS-Redback Networks and AmeriServe have sealed year-end deals in Frisco and Dallas, respectively. Redback's 11,506 sf represents an expansion while AmeriServe, in the midst of a bankruptcy, has signed for 15,022 of short-term space.
DALLAS-The southwestern US industrial market has reached near record highs in several metropolises. There's little room at the inn while under-construction projects are seeing a surge in pre-leased space. Meanwhile, it's wait-and-see about 2001.
SEATTLE-The estimated $70-million sale price is all the more spectacular knowing the seller, San Francisco-based Rreef Funds, bought the 286,000-sf office tower for $34.6 million in December 1996 from G.E. Capital Investment Advisory Group.
NEW YORK CITY-Last month alone approximately 1.8 million sf of space was leased or sold in just Manhattan in all of the market sectors. The majority of it was office space.
NEW YORK CITY-Last month alone approximately 1.8 million sf of space was leased or sold in just Manhattan in all of the market sectors. The majority of it was office space.