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PHOENIX-Cypress Communications is inbound to the class A property after signing a three-year lease for 2,471 sf in a deal priced at $192,738 over its term. The telecommunications firm is relocating from midtown.
RESTON, VA-Sunset Corporate Plaza welcomes new tenant IBM as the computer company leases the entire 100,000-sf office building. IBM committed to occupying the space, which is located in the Dulles Corridor near the Dulles International Airport, for a 10-year period.
NEW YORK CITY-With more than $300 million in Trump Marina debt due in November, Donald Trump puts up $30 million to goose the two-traunch sale, which he has been trying to complete since last spring. The deal is expected to close within days.
LOS ANGELES-The French affiliate of the Equitable Life Assurance Society opens a new branch here and renews three others leases in deals negotiated by Julien J. Studley Inc., signing for nearly 40,000 sf.
MIAMI-Portable on Demand Storage leased the space in the 240,000-sf warehouse building at Northwest 97th Street and 112th Avenue from Dade Paper & Bag Co. The industrial lease is worth $700,000. PODS plans to occupy the space in June.
HOLLY TOWNSHIP, MI-With demand for new construction running high in this affluent Detroit suburb, developers arrange for water and sewer line into township to service a large new development.
NEW YORK CITY-With more than $300 million in Trump Marina debt due in November, Donald Trump puts up $30 million to goose the two-traunch sale, which he has been trying to complete since last spring. The deal is expected to close within days.
ANN ARBOR, MI-The nation's fifth largest loan originator will accommodate current and future expansion plans through a build-to-suit deal with Avis Farms Development for a class A office property here. The transaction is being touted as the area's largest '03 office deal to date.
ORLANDO-The January total was $7.7 million, up 9% from January 2001 and also up from December's $6.6 million collection. But Orange County Comptroller Martha O. Haynie cautions the numbers are still below pre-Sept. 11 levels.
NEW YORK CITY-The much touted C-suite has become a mortuary. Local brokerage sources reveal that a series of high-level firings at Grubb & Ellis this week have left president and CEO Barry Barovick, CFO Ian Bress and strategy chief Elizabeth Kulik out in the cold.