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ATLANTA-Colliers Cauble & Co. and the Griffin Co. co-brokered the 11-year lease valued at an estimated $20 million. The transaction brings the 344,500-sf high-rise to 100% occupancy.
DENVER-The northwest corridor's unexpected vacant sublease space isn't cause for concern, say area brokers. Rather, it's a sign of a return to a more normal market. And, it could be the ticket to lure California-based companies to the region.
DENVER-A Cushman & Wakefield apartment broker predicts a solid year in Denver despite economic slowdowns. Pent-up demand and strong demographics will carry the region. The average price, reaching an historic high last year, came in at $69,963 per unit.
PHOENIX-Although Arizona has increased its overall trade with the neighboring Mexican state of Sonora, it's losing ground to other border regions in the overall share of
MINNEAPOLIS-Madison Marquette Retail Services will manage ING Realty Partners' 169,450-sf Bellevue Galleria in suburban Seattle and lease Macerich's 100,000-sf Carmel Plaza in Carmel, CA.
WEST PALM BEACH, FL-Tenet Healthcare Corp. expects to close by June 30 on a deal with locally based Intracoastal Health Systems, a nonprofit group that recently settled a dispute with the state attorney general over a proposed reorganization plan. West Palm Beach is 67 miles north of Miami.
AUSTIN-Industrial brokers are wooing Dell Computer for a lease estimated to range from 400,000 sf to 600,000 sf. Dell's reviewing the list and hopes to have it whittled down to three or four in the two weeks.
ATLANTIC CITY-As part of its $225 million expansion, the Tropicana Casino and Resort is proposing a pedestrian bridge linking the casino/hotel to its parking garage that will be turned into a themed shopping mall.
WASHINGTON, DC-The companies blame the slipping economy for their decision, according to company officials who say they haven't been able to finalize the capital transactions necessary to consummate the deal.
ELIZABETH, NJ-Hefty increases in tonnage, containers, number of ships and cargo value seem to justify the $1.8 billion expansion program that the Port Authority kicked off last year.