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DALLAS-Two prominent commercial real estate veterans in North Texas say the FDIC is wrong to place Dallas and Ft. Worth on its "at-risk" list for overbuilt cities. Ridiculous, says one; unfair, says the other.
LOS ANGELES-Dewey Ballantine reaches $15-million agreement for 50,000 sf, providing the battered CBD office market with its second big boost in less than a week.
SEATTLE-The Federal Deposit Insurance Company has named Seattle one of 13 cities in danger of overbuilding commercial real estate, despite a robust economy and ultra-tight vacancy rates in the Puget Sound region.
ATLANTA-The tenant's additional space of 16,177-sf on the 40-month lease gives the billing and collection outsourcing service a total 41,883 sf in the 50,492-sf building in Duluth, a Northeast Metro District.
AUSTIN-A nationwide high-tech research firm says Austin, Dallas and Houston are the most affordable cities for technology professionals. The ranking gives leverage to Texas companies for hiring and retaining high-tech workers, says the research group.
WEST PALM BEACH, FL-The Pratt & Whitney jet engine-making subsidiary of United Technologies Corp. wants to sell 570,000 sf of office, warehouse and manufacturing space on 85 acres of the 7,000 acres it owns in northwestern Palm Beach County.
NEW YORK CITY-Alliance termed "a critical step" in GlobeSt.com's campaign to be the primary destination for original and timely commercial real estate-related content on the Internet.