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BOSTON-The basic strength of Downtown is demonstrated by lease increases on the part of two local law firms. The leases, at World Trade Center West, ensure that this Downtown building is now 68% pre-leased.
DALLAS-Granite Properties, with offices in Dallas and Houston, has been ranked top of the class for four Texas properties by its tenants. Out of 6,000 buildings, only 230 have met the criteria for BOMA International's "A" list.
LOS ANGELES-A Tujunga-based developer of self-storage facilities has pays $1.2 million for a 70,000-sf parcel in Van Nuys. The company plans to build a 104,000-sf self-storage facility on the site.
BELLEVUE, WA-Although the Eastside office market here has taken a beating, Bob Farra of Colliers International and Jeff Scanlan of CB Richard Ellis' Bellevue are seeing pain-free pastures further out on the horizon.
ATLANTA-A Marcus & Millichap June office investment assessment of the metro area shows annual appreciation is between 3.5% to 4.5%, down from previous levels of about 6% a year.
DENVER-Car dealer Bill Stewart is about to break ground on a $3-million, 20,422-sf Stewart's Ferrari of Denver in Highlands Ranch, which will will replace his current 13,000-sf dealership at 4300 S. Federal Blvd.
BURLINGTON, MA-Tellabs lays off 150 employees in the state and closes sales and development offices here and in Wilmington and Bedford. The Illinois-based communications equipment maker will maintain a research and sales operation in Chelmsford.
NEWARK-The 222,000-sf 76-year-old Military Park Building will get a top-to-bottom renovation by its ownership partners, Kushner Cos. and Blackacre Capital Management. The 21-story landmark building, also known as 60 Park Place, was built back in 1925.
ORLANDO-Lenders are doing more deals now than a year ago with multifamily and industrial showing up as the favorite risk sectors and big-box and single-tenant retail at the lower end of the spectrum, brokers and owners tell GlobeSt.com. But the money men remain cautious on the more speculative deals.