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NEW YORK CITY-Last night in the posh Metropolitan Club, speakers invited by Cushman & Wakefield to speak on the future face of the commercial real estate market pronounced this city's future the brightest of all.
NEW JERSEY-The global commercial real estate services firm has negotiated new lease deals in Morristown, Cranbury, Westfield and Paramus for clients in four separate contracts, demonstrating the market here is still hot.
DALLAS-Beckett Corp. has signed an 185,000-sf lease for a second manufacturing site at 2557 Willowbrook Rd. The operation, a four-time Dallas 100 winner, supplies outdoor gardening accessories and industrial pumps to the wholesale market.
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.