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BOSTON-Overall vacancy rates in the area continue to climb despite persistent rumors that the recession is nearing its end. An industry expert tells GlobeSt.com that the market is probably at its bottom and could see a recovery by the end of the year.
NEW YORK CITY-In a deal scheduled to close midyear, the locally based REIT will pick up the 1.75-million-sf asset in joint venture with SITQ Immobilier. Green will be the majority owner.
MIAMI-Including redeveloping costs, developer Ceebraid-Signal Corp. of West Palm Beach, FL and Englewood, CO-based Ameriton Properties Inc. paid Chicago-based Waterton Associates about $140,873 for the existing 252 units at 300 W. Royal Palm Road, Boca Raton.
LONDON-Any move by the UK to adopt the euro would have short term benefits for the property sector, but in the longer term it could increase market volatility, a joint seminar of the European Real Estate Society and the Society of Property researchers was told.
SANTA CLARA, CA-The digital multimedia company takes advantage of the market, subleasing 80% of a 75,000-sf office building from the Texas-based software firm Entrust Inc.
CARLSTADT, NJ-The H.C. Starke Co., will use the space, located at 33 Commerce Rd., as a satellite to the company's main facility in nearby East Rutherford.
BREA, CA-The real estate services and investment management firm is chosen to manage Fairway Center, a 280,000-sf complex in Brea. The property consists of two class A facilities, the first which was completed in 1987 and the second which is in its final phase of construction.
LAUREL, MD-The 180,000-sf Whiskey Bottom Trade Center brings its three-building complex to 90% capacity with the recent leasing of 40,000-sf by various tenants.
HILLSBORO, OR-The 80,000-sf building sits adjacent the Oregon Graduate Institute of Science and Technology, which last year merged into Oregon Health Sciences University. The selling entity, Amberjack Ltd., is part of State Farm Insurance, owner of the 217-acre AmberGlen Business Center.