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SAN DIEGO-The Abbey Company, a Garden Grove-based commercial property owner and developer, announced that it has reached full capacity at its three-building, 26,978-sf Rancho Carmel Village Center in San Diego.
HYATTSVILLE, MD-The marketing company plans to bring 400 jobs to Prince George's County to staff its high-tech call center. Prince George's Metro Center plans to expand one building to meet company's needs.
NEW YORK CITY-Just prior to Wayne Lagary of Julian J. Studley informing GlobeSt.com that 16,000 prime sf of sublease space will hit the market, an industry expert discussed how subleasing reflects the downturn of the economy.
HARRISON, NY-Stephen B. Siegel, chairman and chief executive officer of Insignia/ESG said that while activity may drop a bit in 2001, there will still be cause for celebration for most engaged in commercial office brokerage in the tri-state region.
CHICAGO-Two lease deals are completed for Downtown space. Minneapolis-based Ceridian Corp. takes 7,825 sf at 222 Riverside Plaza while Burbank, CA-based Warner Brothers takes 4,653 sf at 444 N. Michigan Ave.
RICHFIELD, MN-Despite a holdout, Best Buy wants to move ahead with a $160- million, 1.5-million- sf complex. A judge has ordered the auto dealer vacate the property by June 15.
SAN ANTONIO-Nearly 18 months of flat office rents will come to an end this year, predicts Grubb & Ellis in its latest report. Office service center absorption now dominates 90% of the city's industrial market. These and more positive signs point to a solid 2001 for the city.
GILROY, CA-The overture by Gilroy's Mayor to Calpine comes on the heels of San Jose's rejection last fall of a Calpine's proposal for a new plant near Cisco's planned 20,000-worker headquarters campus in North Coyote Valley.
LENEXA, KS-The office park's first tenants, George Butler Associates, will move in this spring. With the Sisters of Charity of Leavenworth Health Systems leasing the first floor, occupancy is at 90%.