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ORLANDO-In the biggest Downtown, class A leasing transaction this year, the Atlanta-based company continues to occupy the 15,000-sf lobby and the seventh, eighth and ninth floors of the 28-story, 421,204-sf Bank of America Building at 390 N. Orange Ave.
SANTA MONICA, CA-The per-unit price supports the notion that Westside apartment buildings, large and small, command high respect from investors. The newly refurbished complex, which includes a house, was fully occupied at sale time.
NEW YORK CITY-A newly-formed umbrella organization comprised of Lower Manhattan-based business and civic groups says revitalization of street level local retail services is the top priority for downtown reconstruction.
LILLE, FRANCE-The tenant, Exel, a U.K.-based supply chain management operation, is ProLogis' second largest customer, leasing more than 3.5 million sf in 22 facilities worldwide.
ANN ARBOR, MI-A SVP of the local G&E office garners top-producer accolades by handling ABN AMRO's build-to-suit, and the office and research facility for Veridian Systems Division Inc.
PHILADELPHIA-The nine-county local retail market jumped two notches to No. 23 in this year's National Retail Index from Marcus & Millichap. Strong investor demand is pushing up property prices. Stable vacancy and job growth will fuel modest gains in rental rates.
NEW YORK CITY-The national real estate advisory firm, based here, is selling $115 million in hotel mortgage loans. Eleven individual loans are being offered for sale ranging from $2 million to $80 million.
ANNAPOLIS, MD-USinternetworking Inc. sells its two-building real estate portfolio to two different buyers in a $25.5 million deal. The company keeps its corporate offices in one of the office buildings under a lease agreement with the property's new owner.
WASHINGTON, DC-For the second year in a row, the District leads the pack in retail investment markets, according to Marcus & Millichap Real Estate Investment Brokerage Co.
PORTLAND-Retailers like Home Depot and Target would likely fill Memorial Coliseum if billionaire Paul Allen's Oregon Arena Corp., owner of the Rose Garden Arena and the Portland Trailblazers, is granted private use of the facility by the City of Portland.