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KANSAS CITY—Although vacancy had increased during the second quarter due to the huge amount of new spec construction delivered, this time users absorbed space faster than it hit the market.
MOUNTAIN VIEW, CA—CBRE Global Investors advised an affiliate of WealthCap in acquisition of Silicon Valley office building as part of separate account mandate.
CHICAGO—The US industrial vacancy rate just hit its lowest point in more than a decade, and C&W's John Morris says there are reasons to be optimistic that the recovery will continue for some time.
SECAUCUS, NJ—Hartz Mountain Industries has abandoned plans to build an apartment complex at a former carpet center here and Secaucus Mayor Michael Gonnelli blames the New Jersey Meadowlands Commission for the project's demise.
ATLANTIC CITY, NJ-Caesars Entertainment CEO Gary Loveman says that the firm's $125-million convention center under construction next to the Harrah's Resort Atlantic City shows the gaming company's faith in Atlantic City's future.
BETHESDA, MD—MRP Realty and the Rockpoint Group Inc., which paid approximately $205 million for the property about two years ago, has put what is now called Bethesda Crossing on the market for sale.