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LONDON-Office rental growth is continuing across the UK, according to the latest 50 Centres report from Jones Lang LaSalle. But the pace of growth in the key M4 Corridor market is slowing.
THE WOODLANDS, TX-A residential and commercial interior designer firm, which leases space in The Woodlands, has bought a one-acre parcel in the community's Town Center. Creative Impressions is planning a 10,000-sf building, some of which will be leased.
ATLANTA-The Delray Beach, FL-based retailer is taking 550,000 sf for 15 years as the first tenant at Hamilton Mill, a 250-acre business park in the city's northeast submarket where some developers once hesitated breaking ground.
LOS ANGELES-The online grocer closes operations and permanently furloughs remaining 2,000 workers. A year ago, some experts said the dot-com's seemingly boundless future would dramatically lower demand for traditional supermarket space.
MESA-The Minnesota-based Mercury Investments Co. has closed on its third buy in nine months, putting 846 units in the Valley under the firm's control. The 206-unit Villages at Park Centre has brought $10 million for its California seller.
INDIANAPOLIS-Duke Realty Corp. picks up Paul Quinn, currently chief information officer at Spieker Properties, as its new chief technology officer. The office industrial REIT had been eying Quinn for a while.
DENVER-Eric L. Nesbitt, formerly general counsel and director of business affairs for USA Basketball, joins the Denver office of Jones Lang LaSalle as an associate in tenant representation.
CAMBRIDGE, MA-Finnegan, Henderson, Farabow, Garrett & Dunner opens an office here on 245 First St. The Washington, DC-based law firm, which is one of the largest US firms specializing in intellectual property law, wants to be closer to its local clients.
PARSIPPANY, NJ-Japan-based pharmaceutical firm re-ups for its existing 36,435 sf and adds another 20,000 plus at the Mack-Cali property in a transaction arranged by The Garibaldi Group.
SAN DIEGO-Urban housing developer Sebastian + deFreitas has broken ground on row home project No. 2. It is to be located near the Gaslamp Quarter in Downtown San Diego's East Village neighborhood.