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TINLEY PARK, IL-The booming submarket is missing one thing, says Illinois Development Finance Authority executive director Patrick E. Rea - "a research university to support 21st-century type businesses.
MINNEAPOLIS-Big surge in subleased space is part of the reason for a rise in the office vacancy rate to more than 10%, the first time it's been there in five years, according to a Grubb & Ellis report.
SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.
THE WOODLANDS, TX-A construction milestone will be reached April 24 when the 30-story Anadarko Tower tops out. The 800,000-sf project will deliver in spring 2002, giving the energy company some 1.1 million sf of office space in The Woodlands.
PHOENIX-An appellate court ruled Monday that the Diamondbacks got a two-acre parcel in downtown for far below its value and still owe the owners of the land nearly $6 million.
CHARLOTTE-Buyers can inspect the 133,400-sf, 18.5-acre property April 26. Sealed bids are due May 7. Chicago-based Jones Lang LaSalle is handling the local sale and 20 other big-box assets in several markets.
AUBURN HILLS, MI-Two Class A office buildings provide opportunities near Oakland University campus here. Grubb & Ellis of Southfield is marketing 126,000 sf of vacant space in Cambridge Court Phases I and II.
MONTVILLE, NJ-While the office market in New Jersey has leveled off and put some space back on the market, industrial properties continue to sizzle with leasing and sales activity.
NEW YORK CITY-They include winners of REBNY's Most Ingenious Deal of the Year Award, the negotiator of the largest office lease in Manhattan and the winner of the company's Midtown Broker of the Year Award.
ALISO VIEJO, CA-Duke/Fluor Daniel, a partnership of Duke Energy and Fluor Corp., have contracted to finish construction of two power plants in Massachusetts in a deal valued at $400 million.