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AURORA, CO-Mohawk Industries is a Majestic Realty tenant at business parks in Salt Lake City and Southern California, making the choice of Building #22 at the Majestic Commercenter a bit easier.
DENVER-Colorado's Ocean Journey, which can't pay off the $63.1 million in debt, is dealt another blow when the Scientific and Cultural Facilities District rejects a request for $750,000 a year.
AUSTIN-General Employment is packing it in at its Cielo Center office. It's not a relocation, but rather an exit of the market, which has been an under performer in the company's network. One Ohio and two California offices also make the shutdown list.
LANSING, MI-People and Land provides funds to educate state and local officials on smart growth and ideas to combat urban sprawl. It questions local policies such as five-acre zoning.
WASHINGTON, DC-A recent report by Grubb & Ellis details high vacancy rates, 39% nationwide. But the firm says the outlook is far from bleak. However, in this region, the pain is acute as space sits dormant and new construction is put on hold or abandoned altogether.
COSTA MESA, CA-The firm, which provides legal and consulting services, plans to occupy the space by early September. The term of the lease, including extensions, is seven years and six months. Seven Manatt lawyers, including the firm's co-founder Thomas D. Phelps, will base their practices in Orange County.
DENVER-"The days of double-digit annual value and rent growth have ended," says Marcus & Millichap regional manger David Osborne, but relatively strong job growth should keep demand firm for multifamily rental units.
AUSTIN-Just days before a $147.5-million bond sale, the city snags an AA+ rating from Fitch. The bond sale will finance capital improvement and equipment. The rating company says it's a reflection of the city's historically strong economic growth.
LOS ANGELES-The Chino facility encompasses 33,500 sf and sold for $2.5 million. It stands at 4115 Schaefer Ave. The buyer, Chino-based AA Bridal/Apex TK, has already occupied the building.
MIAMI-Florida's largest law firm is paying an estimated $32.52 per sf to reconfigure its existing operations and expand within the 701 Brickell Avenue building.