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LONDON-Office absorption in central London was the lowest since 1995, according to new research from CB Hillier Parker, with the City financial district particularly badly hit by the downturn.
ATLANTA-The JV's development of regional impact filing shows the 14-acre site is between the Dunwoody and Sandy Springs MARTA stations near Perimeter Town Center, a $400 million proposed JV between Equity Office and Cousins Properties.
PORTLAND-David Burback, who launched the Portland office of Colliers International before becoming president of Northwest Realty Advisors, is now Director of Investment Sales for Insignia/ESG.
LONDON-Prudential is to fund the regeneration of Birmingham's largest brownfield site, IMI's 95-acre site at Witton. The warehouse-led scheme will also potentially include hotel and leisure uses.
CHELMSFORD, MA-Tek Microsystems subleases 11,172 sf at 2 Elizabeth Dr. from Aspect Communications. The deal is a small but positive one in a market in which more than half of the available footage is sublease space.
HOUSTON-In the coming weeks, Education America will move its campus from 33,000 sf along West Sam Houston Parkway to 32,460 sf at Westchase Commons Tech Center, a three-building complex totaling about 150,000 sf.
TUSTIN, CA-Hanover Financial Co. of Los Angeles and Laguna Niguel-based BR Birtcher Franklin LP acquire the 11-building, 157,000-sf Tustin Business Center from a private investment group.
ROCKVILLE,, MD. The new $3.6-million Giant Food and Pharmacy opens its doors at Bethesda Row. It offers 62,000 sf of retail space as well as underground and surface parking space.
PORTLAND-The Troy, Mich.-based retailer's next wave of store closures, 326 locations in all, will take down the superstore at Jantzen Beach Center in Portland and the superstore on Goodpasture Island Road in Eugene.
NEW YORK-The newly appointed board of directors are part of the recent takeover of Julien J. Studley Inc. by Mitch Steir. The 14-member board will include 11 existing directors and three new appointees.