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LONDON-Prime office markets in regional centres such as Leeds, Bristol and Birmingham could see rental growth of up to 10% this year, according to the latest research from ATIS Real Weatheralls.
PHOENIX-The furniture retailer and EastGroup Properties put the finishing touches to a long-term lease valued at nearly $1.4 million. The firm heads to Phoenix's Valley West Distribution Center to open a warehouse and distribution hub.
CORONA, CA-The New York-based firm will take 60,704 sf of industrial space in the Corona facility, according to the terms of the five-year lease. The deal is valued at $1.4 million.
DETROIT-A rocky economy boosts the amount of empty space in most Southeast Michigan submarkets, Paragon Corporate Realty Services' Matthew Fenster says, but overbuilding has not occurred in this downturn.
PHOENIX-A California-based electrical parts supplier stamps a 12,873-sf lease for the 75th and I-10 Commerceplex in Phoenix's southwest corridor. The firm picks a spot in a 72,226-sf building at the three-structure complex.
SAN DIEGO-A locally-based REIT has announced Feb. 28 as the record date for determining stockholders entitled to receive a distribution from the pending sale of two of the company's California retail properties.
DALLAS-The region's office market is showing signs of life as brokers close three more deals for class A space. Uptown, Las Colinas and Richardson reap the rewards of brokers' efforts on this go-around.
DALLAS-Global Innovation Partners LLC of Los Angeles puts up $40 million of equity to close unrelated buys of leading telecom hotels in Dallas and Miami. The 464,000-sf Univision Tower, which sold for $202 per sf, gets a new leasing agent with the ownership change.
SAN JOSE-The Riverpark Corporate Center will gain a new tenant this April, when the County of Santa Clara moves its social services operation into 290,000-sf space it has leased from the Sobrato Cos.
SAN JUAN CAPISTRANO, CA-Ashby Enterprises snatches up the 49,703-sf industrial building in a deal valued at $4.4 million. The vast supply of industrial product in South County has begun to shrink somewhat, according to a new report on the region.