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SEATTLE, WA-Asking rents in the new South Lake Union building aren't what the developers originally envisioned, but Bryan Syrdal says they're workable and the building is attracting tenants. The first to sign is the Seattle bio-tech company, Zymogenetics.
LOS ANGELES-The locally-based brokerage giant says office market here already appears to be stabilizing and should get better as the economy gathers steam in the final half of this year. Asking rents in just-concluded quarter rose despite modest increase in countywide vacancy factor.
NEWPORT BEACH, CA-The 43-unit multifamily complex is located at 11500 Colima Rd. in Whittier. The property, known as Candlewood Apartments, has been snatched up by private investors.
HOUSTON-TriVest Real Estate of Dallas whips up a last-minute 2001 deal for the title of 7979 Westheimer. Chicago-based Equity Residential parts with the 28-year-old complex because the market's hot and "it was time to harvest their profits.
SAN DIEGO-A Dallas-based company sells a 51,675-sf, four-story building in Mission Valley for $5.5 million. The property is 92.6% leased. The largest tenant is the state of California.
SCOTTSDALE, AZ-The demographics of North Scottsdale played its part in luring Los Angeles-based Westwood Financial to pay more than $15.5 million for the 102,733-sf Terravita Marketplace. After five years, it was time to sell, says the merchant developer.
SCHAUMBURG, IL-Three recent deals include Computer Strategy Coordinators, Inc.'s renewal of 25,222 sf at Two Woodfield Lake, where space is offered at $23 per sf gross. Also, Stewart Title renews a 4,000-sf lease at 1515 E. Woodfield Rd.
VALENCIA, CA-Crocker Investors LLC acquires 90,000-sf office structure here from Earle Properties. Buying group includes Ralph Jackson, a prominent marketing and advertising pro, who represents several Southland real estate companies.
NEW YORK CITY-Boston-based law firm Goodwin Procter LLP leases a full floor and renews its space on two partial floors of the 47-story tower at 53nd St. and Lexington Ave.