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NEW YORK CITY-Officials at the San Francisco-based firm are seething over a published report stating that it had submitted one of the many losing bids to buy the building and insinuating that it was booted from leasing and management duties at the property.
LONDON-London is still the most popular city in Europe in which to locate a business, followed by Paris and Frankfurt, according to a new survey by Cushman & Wakefield Healey & Baker.
MIAMI-Under the merger, valued at an estimated $730 million, Equity One would acquire IRT to form one of the biggest shopping center REITS in the Southeast with a combined 181 properties and 18.7 million sf in 12 states.
RICHMOND, VA-The class A, 211,000-sf office structure at 600 East Broad St. commands a $12.525 million financing package from Houston, TX-based real estate investment banking firm LJ Melody & Co. The mid-rise building has long-term leases by government agencies.
PHILADELPHIA-At least 160,000 acres, or 224 square miles over 43 states, are involved in land reuse activity this year, according to a study of nationwide media reports conducted by Exton, PA-based XL Environmental and Washington, DC-based International Economic Development Council.
ORANGE COUNTY, CA-Despite a dip in average asking rents and continuing high vacancy, the county's office market showed net absorption in the quarter and benefits from a better employment picture than much of the region.
FULLERTON, CA-Midwest Air Technologies, a Chicago-based manufacturer and distributor of garden equipment, signs the five-year, $3.3 million deal for space at 675 S. Placentia Ave. The deal, sources say, could be a sign of increased tenant demand.
LOS ANGELES, CA-The 71-unit development, in the heart of the Central West Redevelopment Zone in Downtown L.A., drew 19 offers in less than two weeks, resulting in a sale price higher than the asking price.
GLENDALE, AZ-Federated Mutual Insurance is boxing up for the move into 41,000 sf of the Talavi Spectrum, Opus West's newest office building at 5701 W. Talavi Blvd. The two-story office building's location spirited the relocation.
NEW YORK CITY-Two law firms move into newly renovated spaces; one a full floor at the just-refurbished 430 Park, the other a two-floor arrangement at 488 Madison. Aggregate space exceeds 50,000 sf.