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ORLANDO-Metro Orlando's 91.5 million-sf industrial market accepted 1.58 million sf of new product in the second quarter, driving vacancies up to 9.1%, a half point higher than the first 90 days and the highest since second quarter 1998. Rents, however, dropped 24 cents putting warehouse/distribution space at an asking $4.46 psf and R&D flex at $7.88 psf.
ATLANTA-First CLS Inc., founded by Dorey Publishing & Research of Atlanta, and Realty IQ Inc. of New York plan September debuts of separate online services. Each firm will attempt to undercut CoStar's basic monthly fee.
DALLAS-Viking Capital Group Inc. of Dallas has taken purchase talks to the next level, signing a memorandum of understanding to acquire Liaise Systems II Inc., based in Walnut Creek, CA., in a stock-for-stock exchange. It's anticipated the deal will close in the fourth quarter although a date has not been set.