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ORLANDO-Large-scale distributors are turning to third-pary logisticians to achieve maximum efficiency, Realvest Partners Inc. founder/chairman George D. Livingston tells GlobeSt.com.
WHITE PLAINS-Reckson Associates Realty Corp. announces that Metro Media Fiber Network and Merrill Lynch Pierce, Fenner & Smith Inc. have expanded their lease commitments at its Reckson Metro Center office building.
GRESHAM, OR-Under the proposal, the city's fee for reviewing plans of an 18,500-sf office building would increase from the current $3,560 to $10,590. If approved, the increased fees would be effective April 1.
SEATTLE, WA-The Lofts on Summit will contain nine units averaging 1,292 sf. The units will be marketed for about $375/sf, or between $300,000 and $800,000 per unit. The developer is Dan Duffus.
ELGIN, IL-Kanebridge Corp. will move into an 80,000-sf build-to-suit here when it is completed in May. Schaumburg, IL-based Kajima Construction Services, Inc. is building the warehouse and office facility.
ST. LOUIS-The two long-term leases are valued at more than $3 million. Archon Group takes 16,523 sf of office space at 1000 Des Peres Rd. and 10,918 sf at 342 West Port Plaza.
NORWALK, CT-Modem Media Inc., an Internet services firm headquartered here, announces that as part of an expense reduction program, the company will close its Tokyo office.
SOUTHFIELD, MI-The REIT gets $40 per sf for the community shopping center located in Athens, AL as part of its strategy to dispose of non-core assets. Proceeds will be used in part to pay off variable-rate debt.
PORTLAND-Cushman & Wakefield's Scott Madsen, leasing agent for the 183,000-sf building said to be changing hands soon, says Oregon Health Sciences University is expanding within ADP Plaza by taking all available space, including 24,000-sf vacated by Bank of America.