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SEATTLE-The overall vacancy rate in the central business district falls 90 basis points for the third consecutive quarter and now stands at 12.4%, while the direct CBD vacancy dips below 10% for the first time in three years. Meanwhile, overall vacancy in the Bellevue CBD drops 150 basis points to 8.2%.
ATLANTA-Steven Shores is now a partner and senior development officer at the locally based development firm. He comes from the Denver office of Hines Interests where he headed activities in Colorado, which included oversight of one million sf of commercial office and mixed-use space.
PHOENIX-Hines and A&L Development Phoenix will break ground in Q4 2006 on Central Park East, 1.4 million sf of mixed-use space. The two-acre project for an in-town campus along with office, retail and condo space has been under negotiation for a year.
PHOENIX-Hines and A&L Development Phoenix will break ground in Q4 2006 on Central Park East, 1.4 million sf of mixed-use space. The two-acre project for an in-town campus along with office, retail and condo space has been under negotiation for a year.
PHOENIX-Hines and A&L Development Phoenix will break ground in Q4 2006 on Central Park East, 1.4 million sf of mixed-use space. The two-acre project for an in-town campus along with office, retail and condo space has been under negotiation for a year.
MEUDON, FRANCE-Axalto, a provider of microprocessor cards, leases three of six buildings that comprise the 484,000-sf development here that is under construction. The developer, a joint venture of Hines European Development Fund and AXA Corporate Solutions, says it also has a buyer for the campus.
MEUDON, FRANCE-Axalto, a provider of microprocessor cards, leases three of six buildings that comprise the 484,000-sf development here that is under construction. The developer, a joint venture of Hines European Development Fund and AXA Corporate Solutions, says it also has a buyer for the campus.
ATLANTA-Hines closes two 10-year leases totaling 20,700 sf valued at an estimated $3.84 million at its under-construction 1180 Peachtree building in Midtown. Colonnade Properties LLC adds a five-year, 14,056-sf tenant to its North Tower in Peachtree Center Downtown in an estimated $1.26-million lease.
SAO PAULO, BRAZIL-The duo creates a new $100-million fund that will be matched with the same amount of debt and invested in the country's office, industrial and residential markets over the next several years. The fund already has landed one office building and two industrial build-to-suit deals, and is planning at least one speculative development.
SAO PAULO, BRAZIL-The duo creates a new $100-million fund that will be matched with the same amount of debt and invested in the country's office, industrial and residential markets over the next several years. The fund already has landed one office building and two industrial build-to-suit deals, and is planning at least one speculative development.