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DALLAS-Paragon Roofing Co. is packing up for a move inside the Dallas line after snagging an 11,700-sf freestanding building with ample yard space. In Lewisville, the tenant finds, signs and takes keys to an 11,327-sf duplex near Interstate 35.
PHILADELPHIA-Fahey, Hines, Blunt and McGowan--a team that completed more than $6 billion in investment sales transactions for Cushman & Wakefield here over the past decade--move to the metro office of rival CB Richard Ellis.
CHICAGO-JPMorgan Chase's acquisition of Bank One is the latest dash of cold water on an already soft Downtown office market, says GVA Williams Chicago president Rand A. Diamond, noting many of the 10,000 jobs expected to be lost in the merger could be here.
HOUSTON-Hines Nurseries Inc. re-ups 6,947 sf for the long term after spending the last four years in Parkview II at 333 Cypress Run on the city's west side. The renewal keeps the 64,841-sf office building at 100% occupancy.
NEW YORK CITY-This is the fourth acquisition by the fund, which expects to close an additional $350 million in purchases by the end of the next quarter. The fund is looking at properties in the top 20 markets.
STAMFORD, CT-The Diocese of Bridgeport signed a 99-year ground lease for a 2.8-acre parcel Downtown with Lowe Enterprises Inc. The California-based developer plans to build a 320,000-sf office building on the site.
DALLAS-In growing numbers, US and Canadian contrarians are tapping mounting opportunities south of the border, where the playing field has higher yield, particularly for hospitality and retail product, says an E&Y practice leader.
CHICAGO-Recovery may be at least three years away, suggests Grubb & Ellis SVP and director Sven Sykes, but not until a game of musical chairs takes place before then as anchor tenants of new buildings begin to move, adds Prudential Real Estate Investors VP of acquisitions Collete English Dixon.