Business Specialties Leasing
Verizon Signs 72,696-SF Lease Extension in Chicago
Jan. 07, 2009
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
Cushman Report: Even Manhattan Humbled in 2008
Jan. 06, 2009
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
Office Market Positioned to Survive a Bruising Recession
Dec. 29, 2008
As a deep recession looms around the world, there is a country where a conservative investment community has resisted speculative office construction, enabling vacancy rates to fall to historically low levels and rents to continue rising through the third quarter of 2008.
AMB Leases 222,000 SF in Brussels
Dec. 18, 2008
AMB Property Corp. has leased approximately 222,000 square feet of its Brussels development , AMB Boom Distribution Center, stabilizing the 437,000-square-foot facility, which is now 97 percent leased.
New Chicago Lease Further Evidence that ProLogis is Alive and Kicking
Dec. 17, 2008
Even if the generals have a brilliant plan for victory, wheels still need to roll at the front line if it’s all going to mean anything. In the case of ProLogis, time might still have to tell regarding the warehouse/distribution giant’s recovery strategy, but the ground-level activity seems to be rolling forward much as usual.
Leasing Market to be Under Downward Pressure in 2009
Dec. 15, 2008
The labor market will likely continue to struggle in 2009, and as a result, tenant demand for commercial real estate may not “firm up” until 2010, according to Bob Bach, senior vice president & chief economist for Grubb & Ellis Co.
Report Sees Gloomy 2009 for SoCal CRE
Dec. 12, 2008
Business closures and slowing trade will negatively affect the office and industrial sectors well into 2009 in Southern California, according to a report released today by the Casden Forecast at the University of Southern California Lusk Center for Real Estate.
ProLogis Leases 118,500 SF near Columbus
Dec. 12, 2008
ProLogis has leased approximately 118,500 square feet near Columbus, Ohio to Health Care Logistics, a distributor of unique and hard-to-find healthcare products.
WestLB’s 129,000-SF Move to 7 WTC Brightens Downtown Picture
Dec. 05, 2008
A major new lease from a financial firm is rare in New York City these days, especially around embattled Wall Street. So yesterday’s announcement that a financial firm will scoop up a large block of trophy tower space in Downtown Manhattan came as a pleasant surprise.
ShareBuilder Takes 130,000 SF in Seattle’s Pioneer Square
Dec. 02, 2008
ShareBuilder, an online brokerage and investment subsidiary of ING Bank fsb, is growing so rapidly that it needs more space and is moving from Bellevue, Wash., to 83 King St. in Seattle’s Pioneer Square, an eight-story building owned by Starbucks.
Despite Global Economic Slowdown, World’s Prime Shopping Streets See Rental Rise
Dec. 01, 2008
Despite a slowing world economy, many of the world’s signature shopping thoroughfares are seeing retail rents rising, or at least remaining stable, according to Cushman & Wakefield’s 23rd annual "Main Streets Across the World" report, which measures the strength and popularity of major shopping streets in 48 countries.
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