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NEW YORK CITY-Insignia/ESG's First Quarter Market report sees an increase in leasing activity, but space returning to the market resulted in overall negative net absorption throughout Manhattan in March.
DALLAS-Prentiss Properties and Brandywine Realty Trust have made good on a promise to close a complicated asset swap within a month of announcing the deal. It's a North-South exchange that leverages Prentiss' position in Northern Virginia.
LONDON-Harwood International has signed two New York City-based financial firms to two floors at the Cleveland House in London's West End near Buckingham Palace. The top-drawer address is rumored to be fetching a Queen's ransom, breaking rental records citywide.
FORT MYERS, FL-Locally based Grosse Point Development Co. is teaming with a Dutch developer to build a $250-million, 150-acre mixed-used project in Cape Coral, a fast-growing community 126 miles northwest of Downtown Miami.
DALLAS-A quartet of Bradford Cos. employees has exited to form a brand-new commercial real estate company. Maverick Commercial gets to office in the same spot as Bradford's North Dallas office, which is at corporate headquarters.
LOS ANGELES-A new report from Grubb & Ellis that looks at the impact of the state's energy crisis on the telecom real estate market suggests that the problem will be resolved before a tech exodus could take place.
AUSTIN-Stratus Properties is moving on a second office project in its 500-acre Lantana development. The $11.5-million undertaking is jumpstarted with a 77,500-sf, value office building, with class-A finish.
ANAHEIM, CA-The most recent report released by Voit Commercial Brokerage suggests that the county's industrial market is softening, but activity remains strong.
CHARLOTTE-The fourth-quarter 7.65% overall vacancy level could reach 10% or 11% this year before edging downward again, CB Richard Ellis Inc. analyst Ryan Clutter tells GlobeSt.com. Downtown's vacancy is only 2.17%.