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OAKBROOK TERRACE, IL-The East-West Corridor is swamped with 2.4 million sf of sub-lease space and a 13.3% direct vacancy rate, according to U.S. Equities Research, Inc., but deals are getting done.
VANCOUVER, WA-Redwood Systems, a wholly-owned subsidiary of locally-based Consolidated Freightways, opens a contract distribution and inventory management center just north of Mexico City on the so-called "NAFTA Highway." Electronics giant Sony Corp. already has signed on for half the space.
The Governor's Citizens Finance Review Commission is finalizing recommendations to change Arizona 's tax code. The goal is to broaden Arizona 's tax base…
DALLAS-Behringer Partners, based in Plano, picks Wilcox Realty Group to handle leasing for an office building holding along North Stemmons Freeway. The structure had housed Phillips Production, producer of the popular County Reporter TV show.
SAN DIEGO-Although it's not certain a courthouse will be built there, county leaders today are expected to acquire Downtown property that would accommodate a proposed 70-courtroom, 600,000-sf facility.
PHOENIX-Fairfield Residential has sold another apartment community, snagging $19 million for the 240-unit Riverwalk Apartments. Buyer Pace Management of Illinois marks its first buy and is looking for more opportunities in the Valley.
NEW YORK CITY-Boston Properties acquired the property earlier this year in a joint venture with Allied Partners, for a total of $775 million. JLL's LaSalle Investment Management arm acted as advisor to the seller, Dai-ichi Life Investment Properties, in that deal.
DALLAS-For the first time since Q1 1998, the retail market in Dallas, Denton and Collin counties sees negative absorption. Blame it on big box closings and the highest amount of completions in nine years. Rent too is down six cents, the first dip since 1996.
BOSTON-Two well-known commercial real estate firms join forces as Lexington-based Stevens Group merges with locally based GVA Thompson Doyle Hennessey & Everest.