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DENVER-Two class A office structures, totaling 135,000 sf, bring $22.8 million from Farmers New World Life Insurance Co. Only structures inside the Denver Technological Center and a recent quiet sale of the Time Warner building have commanded higher prices.
SAN FRANCISCO-Seven commercial real estate veterans will drive sales and adoption across the nation for the locally-headquartered, Web-based property marketplace.
HOUSTON-After 42 years in the same spot, the Federal Reserve Bank has decided to build a new headquarters and vault facility. The 270,000-sf project will break ground next year and is anticipated to take nearly two years to complete.
EATONTOWN, NJ-Put on the market for $9.5 million, the property sold within 45 days. The new owner has leased it to a pharmaceutical research company for 10 years.
ATLANTA-The 14-year-old, 20-story, 351,184-sf Lenox Building in Buckhead goes for about $70 million. The one-year-old, 11-story, 286,572-sf Glenridge Highlands One tower in north Fulton County exchanges hands for about $43 million.
MIAMI-Countywide, absorption remains strong but new construction and softening Latin American economies pushed the 42 million-sf Airport West submarket to a a negative six-month net absorption total of 452,370 sf while raising the vacancy rate to 12.1% from 10.1%.