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SAN FRANCISCO-In the past 30 days, Manhattan-based Sonnenblick-Goldman Co. has sold two Tokyo-area commercial properties to international investors. Robert Stiles, a managing director in Sonnenblick's San Francisco office, says more Tokyo properties are headed to the market.
BELLEVUE, WA-The 100,000-sf deal for space master-leased by Microsoft won't significantly reduce the amount of sublease space on the market, but it's the perfect fit for the two companies involved.
MESQUITE, TX-Within a month, TIG Real Estate Services hopes to close its first tenant for the 255,500-sf two-warehouse project in Mesquite. The Commerce East Business Park buildings deliver June 1.
KENT, WA-The broadband data communications company has taken approximately 19,000 sf on the third floor of the Creekside Two building within the CenterPoint Corporate Park. The company already leases the second floor of the building.
MINNEAPOLIS-Net Perceptions and Fingerhut.com are among the many companies that have put space back on the market. But high-tech firms aren't the only ones cutting back on space, brokers say.
PLYMOUTH, MN-The 96,000-sf retail center will be anchored by a Lunds Food Store when it opens next month. The North American Properties Marquette Bank development also includes four restaurants and a bank.
LOS ANGELES-The writers union appears ready to approve new pact with producers, avoiding a potentially devastating strike that would have cost the county more than $1 billion a month.
WASHINGTON, DC-Officials from the Mortgage Bankers of Association and Fannie Mae say they've reached an agreement that will lead to the creation of industry standards for "paperless" electronic mortgages.
AUSTIN-Morgan Keegan has signed its second five-year lease in the 120,000-sf Barton Oaks IV. Commercial Texas and Colliers Oxford's Austin office have negotiated the renewal for 12,500 sf in the multi-tenant structure.
ORLANDO-Trammell Crow Co. senior associate Jason B. Kaiser says the suburbs have more space, lower rents and newer buildings than the CBD. But Arvida Realty Services' Jeffrey Bloom contends the bulk of the leases this year will be signed Downtown.