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CHICAGO-The Commodity Futures Trading Commission moves from nearby 300 S. Riverside Plaza next month after getting a private floor in Tishman Speyer's 25-story West Loop building, which still is close to the city's futures exchanges.
ST. PAUL, MN-Steven Nohava will oversee properties that underlie Glaser Financial Group's $2.4-billion loan servicing portfolio. He leaves a St. Cloud, MN property management firm that he co-founded.
NEW YORK CITY-Tokyo-based insurance firm Dai-ichi Life International has signed a 10-year lease for 15,025 sf at 1133 Ave. of the Americas. The company plans to move into the 28th floor space in May.
CLERMONT, FL-Lake County manager Bill Neron will outline an acquisition strategy Feb. 12 for the county and state agencies on how to jointly offer to buy the 1,434 acres from Orlando landowners Karick Price and Willoughby T. Cox for a so-far undisclosed amount.
ORANGE COUNTY, CA-New research predicts a further slip in office rental rates as the year progresses. According to a recent report by Delta Associates, office rents are not expected to stabilize until the latter half of the year.
DALLAS-The airline food supplier adds 7,401 sf at MacArthur Center II in Las Colinas while a law firm selects a CarrAmerica building for its few office. The deals reflect the times, with brokers staying busy in a market with few big-ticket closings.
GREATER BOSTON-A report released by Finard & Company indicates that the area's retail supply has increased by 2.9 million sf, mostly due to the expansion of dominant retailers such as Home Depot, Wal-Mart, Target and Loew's. The area's vacancy rate for retail space has increased 1%.
HOUSTON-Ranger Steel Supply finds office accommodations in its preferred submarket, the North Loop, after selling its West Little York headquarters. The steel plate distributor will move into 4,768 sf of class A space of a 197,000-sf building.
LOS ANGELES-Juergen Bartels, CEO of the London-based Le Meridien Hotels and Resorts, told a small crowd gathered in the Garden Room of his Le Meridien at Beverly Hills that the independent luxury hotel group has its sights set on becoming the number-one brand in the international hotel trade by 2004.
NEWARK-The 18-story, 900,000-sf Two Gateway Center will move from the Witkoff portfolio into the hands of American Landmark Properties in the building's third sale in six years.