Search Results

MIRAMAR, FL-Although representatives of the 400-acre Miramar Park of Commerce wouldn't disclose terms, area brokers familiar with the property tell GlobeSt.com the estimated length of the contract is 10 years with an estimated value of $3.7 million, based on current market rents. Miramar is 16 miles north of Downtown Miami.

LYNNWOOD, WA-The economic consequences --including rising vacancy rates and the loss of sales-tax revenue -- will continue to be felt in surrounding cities like Lynwood, which saw its vacancy rate more than double recently thanks to a Boeing exit.

CHICAGO-Banyan Strategic Realty Trust's sale of most of its 3.5-million-sf office and industrial portfolio to Denholtz Management Corp. is now scheduled to close no later than June 11.

NEW YORK CITY-BRT now owns more than 9% of the movie-theater REIT and is offering a 29% premium to increase its ownership, providing its chairman and CEO is elected to the board.

NAPA, CA-The three-story, 30,000-sf building is slated for completion by mid summer. The law firm of Gaw Van Male Smith Myers & Miroglio is part owner and is taking the top floor.

AUSTIN-Aetna Insurance Co. has cut a deal for more space at the 175,000-sf Westech 360 office development. With the five-year signing comes a relocation within the project. It has taken losing one tenant for the expansion to occur.

PHOENIX-Although Wells Fargo has yet to apply for zoning changes on a parcel in Chandler, city officials there say that a one-million-sf campus for the bank is on the way.

DENVER-The Downtown Denver Partnership is smiling over a recent report that quantifies a decade of transition. All aspects have risen significantly and office vacancy at fourth quarter close had been at a 20-year low.