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DALLAS-What do people do in Dallas-Ft. Worth? They shop, eat out and go to movies, says a leading real estate executive. And that makes the DFW region a headline act for financially troubled chains seeking to hawk their stars or cherry pick their assets.
AUSTIN-The Koger Center has signed a California testing company to its first location outside its US base in Sunnyvale. Yo Han Park will lead the Austin center for SynTest, which also has offices in Korea and Taiwan.
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.