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HOUSTON-In an ongoing disposition strategy, Mack-Cali has found a taker for the 71,000-sf Cornerstone Regency in northwest Houston. Caldwell Watson has shelled out nearly $3.2 million for the holding.
DENVER-The vacancy rate in the US 36 high-tech corridor between Boulder and Denver has soared from 1% just six months ago to 26% today, with about 1.5 million sf of sublease space on the market.
PORTLAND-The five-story, 38,000-sf building at 1017 SW Washington was built in 1908. The new owners are spending $3 million to gut and renovate the Class B building. Lease rates for office space will be $16/sf on a net basis.
PALO ALTO, CA-Curtis Feeny, managing director and head of Voyager Capital's Palo Alto office--and the former head of TCC's Northwest division--has been named to Trammell Crow's board of directors.
DULLES, VA-The company will take space in the Moran Technology Center. Buchanan announced plans to renovate the building's warehouse and build a new 96,000-sf building on the 17-acre site.
SEATTLE - Voyager Capital, a locally based e-business venture firm has moved its headquarters to the Millennium Tower Building. The company says the new location will support the firm's anticipated growth with Voyager Capital Fund II, a $215 million fund.
ORLANDO-The land in suburban Plymouth, FL, 20 miles northwest of Downtown, could be the next mega shopping center in an area with limited retail outlets, area brokers tell GlobeSt.com.
DALLAS-A strategy to beef up Cushman & Wakefield of Texas Inc.'s asset services division is under way with the signing of an 800,000-sf industrial pact. Newly hired James L. Mertz Jr. plans more such pacts as just part of his expansion plan.
DENVER-"Continued low vacancy and solid rent growth will persist through the end of the year," according to an apartment report form Marcus & Millichap. Downtown and the US 36 corridor are the strongest submarkets.