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CHICAGO-Delta Associates puts overall vacancy at 16.6% in the third quarter, up 1.3 percentage points from the same time in 2004, and suggests tenants have another year to take advantage of the soft market. However, investors may want to prune "tuned-up" assets, the research arm of Transwestern Commercial Services suggests.
HOUSTON-Rowan Cos. renews and expands its class A office lease, rolling in another 4,642 sf. A tenant since 1991, Rowan agrees to another five-year stay in the 63%-leased, 1.5-million-sf high rise.
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%.
CHICAGO-Executives of the largest US steel producer have been spread between East Chicago, IN and Richfield, OH but will take 53,000 sf on the 18th and 19th floors of the newest Central Loop office building in December.
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.