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LOMBARD, IL-Cushman & Wakefield's office services group is attempting to sublease the two-building complex at 360 E. 22nd St., asking $12.50 per sf net for space in the East-West Corridor, hit with high vacancies.
CHICAGO-The former police department headquarters in the hot South Loop submarket will be demolished by State Street Associates LLC and replaced by 240 condominium units and 70,000 sf of retail space.
SAN JOSE-The accounting firm has leased an additional 28,000 sf and will now occupy a total of 145,000 sf when the 341,000-sf class A office building opens in November. The project is now 50% preleased.
ALAMEDA-The property had been on the market to be leased for quite a while before it was put up for sale, then sold immediately for $6.5 million. The building, in Alameda's Harbor Bay Business Park, is 50% occupied by Lucent Technologies under a 5-year lease.
SNOWMASS, CO-The Vancouver-based company will develop a long-awaited base village in the Snowmass Ski Area, which may include 600 to 700 condominium units, restaurants, retail shops and pedestrian walkways.
SAN DIEGO-The San Diego retail market is victim of a slipping overall image of the sector in investors' eyes. It's unjust, say Burnham Retail Group researchers. Sales are down and construction's slowed considerably in a market that bears a 3.9% vacancy.
WASHINGTON, DC-The agreement adds more than 367,000 sf to JLL's management portfolio. While the DC asset is nearly full, the new team will have its work cut out in the 60%-occupied Alexandria property.
BINGHAM FARMS, MI-New senior vice president Gregory P. Kloiber joins the firm from Grubb & Ellis in Southfield, MI, where he handled more than 225 transactions valued at more than $620 million.
HOUSTON-A service station and fast-food developer is getting in on the ground floor of the proposed West Houston Mall. Global Millennium has closed on two acres of the project that's coming to the Interstate 10 and Grand Parkway intersection.
EDINBURGH-Miller Developments and British Waterways have been granted planning permission for mixed office, retail, leisure and residential development at Lochrin Basin, on the restored Forth & Clyde and Union canals.