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SEATTLE-Equity Office Properties' 76-story Downtown landmark comprises 1.5 million sf of rentable office and retail space. Vacancy, which was 30% one year ago, now stands at 24%. A local executive tells GlobeSt.com he expects to see vacancy at 21% by the end of the year.
MOUNTAIN LAKES, NJ-The company, which sells such brands as Vlasic, Swanson and Duncan Hines, will occupy more than 80% of a building owned by a subsidiary of TIAA.
CHICAGO-World Book, Inc. signs a restructured deal on its 34,500 sf at Jackson, MS-based Parkway Properties, Inc.'s lone asset in the market, keeping occupancy at the one-million-sf East Loop building at 93.5%.
HOUSTON-Page Southerland Page is retooling 21,177 sf of first-floor space at 1100 Louisiana St. in the CBD, adding a 4,000-sf mezzanine to an office and a unique design element to the 1.3-million-sf structure. The new office will be ready to occupy in August.
MANHATTAN BEACH, CA-Wells Real Estate Investment Trust II acquires the two class A office buildings from a joint venture of Hines and GE Real Estate for an undisclosed sum. Industry sources peg the price at $90 million.
KANSAS CITY, MO-Hines Suburban Office Venture with GE Real Estate makes its third acquisition, acquiring 2345 Grand here from a joint venture of San Francisco-based Shorenstein Co LLC and IBM.
HOUSTON-Gerald D. Hines will make a rare public appearance to share insights and anecdotes from a fabled career, taking the floor as the keynote speaker at the 38th annual conference being held May 24-27 in Houston.
DALLAS-The 17,000-sf building at 2552 Merrell Road passes to a Dallas investor who owns 15 other properties in the Hines North Industrial Park. The deal, including financing, closes in three weeks.