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ST. PAUL-Downtown's office vacancy rates could rise three percentage points among competitive, multi-tenant office buildings, according to a report by St. Paul BOMA.
DALLAS-Wells Fargo Bank ends 1.5 years of searching inside and outside the CBD, making the decision to hold tight to 69,914 sf at Fountain Place. The balance of the space race goes to Renaissance Tower, which gets two new names on the roster.
QUINCY, MA-The J. Jill Group leases 29,500 sf of office space at Four Batterymarch Park, a163,285 sf office building. The sublease deal represents an expansion of headquarters space for the specialty retailer.
BALTIMORE-MuniMae sees another successful quarter of origination activity for multifamily properties as the company reports $317 million in financing for the third quarter, bringing its year-to-date total up to $870 million.
NORTH MIAMI BEACH, FL-The 15-story, 239-unit oceanfront condominium conversion project is located at 6917 Collins Ave. on Miami Beach. Prices for the 1,127-sf Model 14 floor plans start at $299,000.
MIAMI-Local investors Scott Silver and Fredric Garvett, of Grouper Financial Inc., paid $18.5 million for the former Burger King world headquarters here. The seller was New Cutler Bay Corp.
PEMBROKE PINES, FL-Nine deals were inked recently, for a total of 26,810 sf, at the 257,000-sf Flamingo Pines Shopping Center. Sunrise Medical, taking 10,000 sf, was the largest of those nine leases.
LOS ANGELES-Global investment giant Smith Barney will move its financial services operations from Century City's Watt Plaza after 20 years at the same location. The leader in the US security industry plans to move into Fox Plaza in Century City early next year under a 10-year multi-million dollar lease.
DENVER-Local investors are increasingly favoring so-called triple-net investments, such as freestanding drug stores, fast food restaurants, convenience stores, or other single-tenant retail uses, notes the most recent Marcus & Millichap report.
ATLANTA-In a document obtained by GlobeSt.com, Wells states that the National Association of Security Dealers' sanctions raise no issues not previously disclosed by Wells. Nevertheless, the locally based REIT consents to the sanctions and settles the fine.