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DALLAS-Leading real estate executives in the southwest are cautiously optimistic that 2001 will be much like 2000. Construction is down somewhat from 1999 and absorption rates high. The easing up's being viewed as just healthy breathing space for an across-the-board balance.
DENVER-A "build it and they will come" scenario's being played out at Bedford Property Investors' Waterpark@Briarwood in the city's southeast corridor. The project is nearly fully leased, even though construction is still under way.
CRANBURY, NJ-Three office facilities, acquired in 1998, were extensively renovated and re-leased to get them ready to sell at the right time, which just happens to be now.
LOS ANGELES-Minnesota Public Radio, host to the popular Prairie Home Companion show that satirizes life in the mythical town of Lake Wobegon, signs a 10-year lease for $3.5 million in the CBD's Figueroa Courtyard office complex.
NEW YORK CITY-Insiders see repositioning to better serve markets, but no major re-invention of its market focus and absolutely no plans to close doors entirely.
EDISON, NJ-Two leases fill up the fifth floor, which was rebuilt by the owner to turn a single-tenant space into new digs for two computer services companies.
DALLAS-Time for a change, say three business operators who sign for new space in the metroplex. The Cushman & Wakefield has brokered deals totaling 25,820 sf for industrial sites in Dallas, Lewisville and Coppell.
MIAMI-Industrial Developments International plans to break ground in January on Miramar Business Center, a $60 million, three-building industrial venture fronting the Miramar Parkway and the Florida Turnpike, 20 miles north of Downtown Miami.
NEW YORK CITY-Brokers from Cushman & Wakefield's New York headquarters and its Pennsylvania regional office joined forces to negotiate the lease in a 17 Ludlow Property LLC building in Center City Philadelphia.
HOBOKEN, NJ-Japan-based banker joins publisher John Wiley as the latest tenant to sign on at SJP Properties' new 1.1 million-sf class A corporate center.