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DALLAS-DeHay & Elliston thought about moving from the Bank of America Plaza, but the building owner did what was needed to keep the seven-year tenant in place. The parties sit down at the closing table after six months of talks.
SHELTON, CT-Cushman & Wakefield reports it has brokered two lease deals here for a division of GE Capital and a local law firm totaling more than 20,000 sf of space.
NEW YORK CITY-Burton Resnick's 1.1 million-sf Downtown office tower secures the first mortgage financing, which was arranged by Singer & Bassuk with funding provided by Morgan Stanley. The 34-story class A office tower was built in 1984.
HOUSTON-Excalibar Minerals, now a tenant at the Port of Houston's bulk terminal, will move in late 2003 to nearby Jacintoport. Construction permits could be in hand in a week to 10 days for a four-mill industrial facility.
AUSTIN-The Medical Institute for Sexual Health successfully caps a search for more space by gaining control of Westlake Oaks B, a 12,000-sf building that wasn't on the market. The buy comes with a tenant.
LONDON-Listed Estate Agent Savills has issued a buoyant trading statement to the London Stock Exchange in marked contrast to its gloomy prognostications last year.
LONDON-A consortium of Danish investors represented by European Structured Leasing has acquired made its third UK acquisition, buying a retail investment in Cardiff from Delancey as part of a Pounds 50 million acquisition programme.
MIAMI-The Oak Brook, IL-based REIT has contracted with Boca Raton, FL-based Woolbright Midway LTD to buy the 232,259-sf Midway Plaza Shopping Center in Tamarac, FL for $17.6 million or $75.77 per sf.
HILLSBORO, OR-Summit Properties, a family-run operation that owns nearly 1 million sf of industrial property in the region, acquires two tilt-up warehouses on NW Wagon Way in Hillsboro for $4.05 million. The buildings are net leased to a company owned by the seller.
GREATER BOSTON-Cushman & Wakefield releases its statistics for the second quarter of this year and the numbers indicate that the market has significantly more space on its hands than it did a year ago. Rental rates have responded accordingly by continuing to drop.