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MIAMI-Year-to-date statistics show a 50.3% increase in the availability of sublet office space in just the Miami-Dade County market, according to a new analysis by Cushman & Wakefield of Florida.
LONDON-Mayor Ken Livingstone has responded to growing concern that transport chaos is threatening London's economic development. He insisted a lot was already being done to address the problem.<
WOODLAND HILLS, CA-Optical Communications Products Inc. has acquired the Warner Center building here for $18.75 million. The company is slated to occupy the 145,720-sf, two-story building by year-end.
ORLANDO-The Tampa-based steakhouse chain has installed Joseph Davi of Orlando as managing partner of the estimated $1 million, 6,600-sf, 180-seat restaurant at Sand Lake Road and Dr. Phillips Boulevard in a hot commercial/residential southwest Orlando neighborhood.
CARLSBAD, CA-Ameriton of Denver will build 750 units at Kelly Ranch, under development by Texas-based Hillman Properties between El Camino Real and Agua Hedionda Lagoon. Shea Homes also plans to build about 150 single-family homes at the site.
SEATTLE, WA-Cheap land along the interstates has been drawing development out from the urban core for nearly 50 years. Now, however, redevelopment in the city may again be less expensive than expanding outward.
DALLAS-Lease signings are picking up, with area brokers signing six tenants to an aggregate 220,098 sf in the Dallas-Ft. Worth metroplex. McKinney will get a new Starbucks and a renewal closes for a 16-year tenant at 555 Republic Place.
LOS ANGELES-The 317-unit luxury multifamily development was severely damaged by the 1994 Northridge earthquake. The loan will pay for major repairs that were made to the cooperative development.
BURLINGTON, MA-Two Dublin, Ireland- based high tech companies relocate and expand their US operations. Norkom Technologies moved to Rowes Wharf in Boston while Performix Technologies moved to 25 Corporate Drive here.