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NEW YORK CITY-Cushman & Wakefield adds Mark Capasso as senior executive as part of its change to cater to the gaming industry. The company expects revenue in this business to double over the next two to three years.
HOUSTON-Crescent says it's time to change the downtown's only mall, the name as well as the look to the multi-level retail component in 4 Houston Center. The first phase to the three-year undertaking will cost more than $10 million.
ORANGE COUNTY, CA-RealFacts says rents inched up by $15 between March and June, on average, marking the largest gain since fall 2002 in investment-grade complexes with 100-plus units. In the year-to-year comparison, rent rose 4.5%.
VISTA, CA-Dollar Tree Stores Inc. has inked a five-year lease for 17,608 sf in the Vista complex known as Paperback Plaza. The retailer has already moved into its new location, which stands at 1090 E. Vista Way.
PUEBLA, MEXICO-The three existing storefronts are in Mexico City. The fourth will be a 1,000-sf location east of Mexico City in the town of Puebla. The store will open in September.
MIAMI-The market experienced a decrease in its overall vacancy rate, significant leasing deals, a slowing down of new construction and a positive absorption of 75,915 sf in the second quarter, according to a Cushman & Wakefield quarterly report.
THE WOODLANDS, TX-Triple Net Properties restructures debt against Parkwood I and Parkwood II in the Woodlands. Principal Capital provides a five-year, interest-only loan while Triple Net shops the market for other financing opportunities.
FARMINGTON HILLS, MI-Retail developer can borrow from its $50 million facility until Nov. 5. The company is also negotiating to extend the required termination dates even further.
PLAINFIELD, IN-Electrolux Home Products, a maker of personal and professional appliances, will utilize the space at 700 Airtech Parkway for warehouse and storage purposes. The lease commences in December.