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MIAMI-Local class A office rents may be up, but at an average $29.60 psf, they're still a bargain compared with rates in other large metro markets, a new CB Richard Ellis Inc. study notes.
RICHARDSON, TX-Faison Capital Advisors has agreed to a sale-leaseback deal with Alcatel USA to finalize the purchase of a 113-acre, 1.2 million-sf campus in the high-tech Telecom Corridor in Richardson. Meanwhile, the deal means another technology park for one of Dallas' busiest office market.
HOUSTON-An alliance, formed by Macfarlan Real Estate Services and a Morgan Stanley Dean Witter subsidiary, is buying and developing whcarrier hotel. A former grocery warehouse is being expanded into an 880,000-sf facility in the first transaction for the alliance's Texas focus that executives say will be the city's largest
MIAMI---With telecom and info tech space-users powering much of South Florida's economic growth, office vacancy rates are down and construction activity is up.
AURORA, CO-A 161,900-sf former trucking headquarters hits the Colorado market at an asking price of $6.9 million. Brokers believe their best marketing bet is to split the property's use.
MIAMI-The real estate services firm is giving four seasoned veterans new responsibilities as the South Florida office continues its ongoing growth with new services, clients and volume.
Approximately one third of the building has been leased to the Screen Actors Guild and an accounting firm. The 360,000-sf tower will have 15,000 sf of retail space.