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NEW YORK CITY-Cushman & Wakefield released its first quarter numbers at an event here yesterday, showing a stabilization in vacancies but dips in overall asking rents. Of course, the continuing wild card is if Operation Iraqi Freedom will send the industry into a tailspin.
EDWARDSVILLE, KS-The REIT reaches into the heartland to pick up the 179,280-sf property here, which is net-leased for the next decade to Carlisle Tire and Wheel Co.
PHOENIX-The financial services provider takes 20,742 sf on the 10th floor of the 20-story, 460,000-sf Phelps Dodge Tower in a relocation from about 16,000 sf at One Arizona Center. Regional offices will go into the space.
EAST RUTHERFORD, NJ-Cushman & Wakefield's first-quarter report on Northern and Central NJ shows some bleak numbers, but also some signs of hope for a rebound.
SAN DIEGO-The joint venture entity of Shelbourne Properties I Inc. and Shelbourne Properties II Inc. has agreed to sell its Century Park I Office Complex. At closing, $20 million will be paid to the lender to release the lien against the property.
ALLENTOWN, PA-This is the first new bank branch to open downtown here in 30 years and the first retail tenant in the eight-story Plaza at PPL Center, owned by Malvern, PA-based Liberty Property Trust, and set to open in May.
ATLANTA-John K. Hutcheson, SVP and CFO of the locally based unit of St. Joe Co., has been promoted to COO and will hold all three titles. He is credited with helping Advantis grow its presence in the Southeast and Mid-Atlantic markets.
ATLANTA-The 80-year-old, 10-story former Federal Reserve Bank of Atlanta is being sold by the city, the Atlanta-Fulton County Recreation Authority and Turner Broadcasting System Inc. to the highest bidder with no set asking price.