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MORRISTOWN, NJ-Newmark Associates, which recently got the assignment from owner Archon Atlantic, reports leasing activity, including the signing of a marketing firm to 11,000 sf.
SCOTTSDALE, AZ-Developers are set to break ground in the spring on the long-anticipated Scottsdale Waterfront. The 932,000-sf project will transform 11.3 acres Downtown into a mix of luxury residential condos, offices and boutiques.
PORTLAND-Overall average vacancy hit 7.6% in the third quarter and is expected to reach 8% by the end of the year; by year-end 2004, despite rising employment, vacancy will average a record-high 8.2%, according to Marcus & Millichap.
BELLEVUE, WA-The Seattle-based cooperative plans to buy land on the Overlake Hospital Medical Center campus for development of a new specialty center that will house all of its outpatient and ambulatory specialty services, including ambulatory surgery, urgent care and radiology.
HOMESTEAD, PA-The Oak Brook, IL-based retail REIT pays $123.5 million for several properties here on the waterfront, including Market on the Waterfront and Waterfront Town Center.
WEBSTER, TX-United Dominion Realty Trust buys the Gables Bradford Place and Gables Bradford Pointe complexes, a 732-unit pair that's less than a mile from two of its multifamily properties. The seller walks away with a $20-million net gain.
ALISO VIEJO, CA-Home builder Lennar Corp. signs a seven-and-a-half year, $27 million deal for 137,352 sf at Summit Office Campus, one of the largest office leases this year in Orange County.
SOMERVILLE, NJ-The Downtown project would replace a 25-year-old shopping center with a mix of upscale apartments, new retail and office space and a six-level parking deck.
PHOENIX-The L.A. Specialty Produce Co., signing a five-year lease, gets an 18,197-sf industrial shell in the Sky Harbor Transit Center. The move into the two-year-old, single-story building is set for Jan. 15.