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ORLANDO-Locally based Fields Motorcar Corp. is renting 7,000 sf in the 28,000-sf, 45-year-old, former Gibbs-Louis Inc. Building at 131 N. Orange Ave. for an estimated $30 per sf, among the highest ranges in the central business district, area brokers tell GlobeSt.com.
LOS ANGELES-The renovation of the 70,605-sf facility is being celebrated today with a ribbon-cutting ceremony. Touted as West Hollywood's first class A office building, the property formerly housed the Playboy Corp.'s headquarters.
LONDON-The shopping centre investment market has recovered after a slump in activity during the second half of 2000. CB Hillier Parker calculates that 27 malls changed hands in the first half of 2001, in line with the long-term average.
HOUSTON-Stream Realty Partners of Dallas is saying goodbye to Houston, with the sale of the 58,630-sf Falling Creek One in the FM 1960 submarket. The buyer is a neighbor, CNC Investments, which has several holdings in the city's northwestern tier.
NEWTON, MA-Stephen Karp, chairman of New England Development Inc., is reportedly eyeing a parcel here on Route 9 for development. The locally based mall king's project would include a retail development, office space and a 200-room hotel.
SCOTTSDALE, AZ-Multifamily sales throughout the Valley are strong, with the latest buy coming in north Scottsdale. A 330-unit complex has wrought $21 million in just six weeks of being listed. It could be a banner year, say brokers.
AUSTIN-Austin multifamily developers should follow the lead of the city's office developers and stop building, says M/PF Research. The state capital is ranked fifth in the nation for construction despite an occupancy drop in the past year.
NEW YORK CITY-According to respondents to GlobeSt.com's latest Quick Survey, private investors are the players making this industry move. Alan Greenspan and the Fed Reserve's interest-rate cuts have done little to spur greater flows of capital.
SCOTTSDALE, AZ-The 26,265-sf AT&T Building in north Scottsdale has attracted $186.57 per sf, setting a year-to-date sales record for back offices. Wildwood Hills Development of California has shelled out $4.9 million for the one-year-old structure.