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WASHINGTON, DC-Willkie Farr & Gallagher has leased 52,418 sf in a 170,000-sf building at 1875 K St. NW, becoming the lead tenant of a joint development of Quadrangle Development Corp. and Potomac Investment Properties. The speculative building is expected to be finished in January 2002.
PLANO, TX-Santera Systems Inc. is relocating its corporate headquarters into a 100,320-sf office/tech building at 3605 Plano Parkway in Plano. The corporate campus has lured such power players as Alcatel USA, Navini Networks and Gurwich Bristow
SAN DIEGO-The huge construction materials company sells two Mission Valley office buildings to the Shidler Group, which has now spent more than $150 million in the area since the beginning of 2000.
MIAMI-Terms of the deal are confidential but rents have shot up to $35 per sf from $30 per sf since Codina Realty Services began marketing the 30-story, 525,000-sf structure two years ago. Pre-leasing is at 80%. The building opens in November.
NEW YORK CITY-While Secured Capital Corp. is headquartered in Los Angeles, the company has chosen to name two new senior managing directors and members of the Management Committee who will be based here.
DALLAS-The region's strong industrial sector lands six new tenants at two parks as a result of summer leasing activity by Duke-Weeks Realty Corp. Texas Plaza II and Garland Business Center II are the benefactors of the deals.
DALLAS-"Chicken Little" it's not, but a watchful eye needs to be kept on construction sectors as the Fed deliberately reins in the economy to avert inflation. But, it's definitely not the 1980s, says Cushman & Wakefield Inc.'s investment research managing director.