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| Commercial Real Estate Press Releases |
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11/24/2009
PROPERTY COST SAVING OPPORTUNITIES IN THE PIPELINE FOR PHARMACEUTICAL SECTOR Monetization Activities Planned to Offset Merger Costs and Reduce Debt
Los Angeles, November 24, 2009—A significant proportion of the world's top pharmaceutical companies are undertaking sale-and-leaseback or vacant sale transactions in a drive to consolidate property assets and save costs, according to recent research issued by CB Richard Ellis (CBRE).
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11/24/2009
CAMPUSWORKS TO BUILD A NEW STUDENT HOUSING DEVELOPMENT AT THE UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE
CampusWorks, a Charlotte-based Student Housing Builder, was awarded the contract to build 131 apartment units consisting of 386 beds to serve the growing student population at The University of North Carolina at Charlotte.
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11/24/2009
VOIT REAL ESTATE SERVICES DIRECTS SEVEN TRANSACTIONS IN SOUTHERN CALIFORNIA TOTALING $12.9 MILLION
SOUTHERN CALIFORNIA (November 24, 2009) – Voit Real Estate Services’ Commercial Brokerage division, a member of CORFAC International, has directed seven transactions in Southern California for a total consideration of $12.9 million.
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11/24/2009
LEVIN NEGOTIATES T-MOBILE LEASE IN NORTH PLAINFIELD The 3,000-Square-Foot Signing Fills Up the Retail Building at 578 Route 22 East
NORTH PLAINFIELD, N.J., Nov. 24, 2009 – Express Stores, LLC, a T-Mobile authorized dealer with 17 locations, has leased 3,000 square feet at 578 Route 22 East, an 8,400-square-foot retail building at the intersection of Westervelt Ave.
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11/24/2009
WELL-LOCATED NEW JERSEY OFFICE PROPERTIES MAINTAIN HEALTHIEST OPERATING FUNDAMENTALS
ELMWOOD PARK, N. J., Nov. 24, 2009 — While deep job cuts continue to erode office space needs throughout New Jersey, changes in space demand depend largely on location and property class, according to a fourth-quarter Office Research Report by Marcus & Millichap, the nation’s largest real estate investment services firm.
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11/24/2009
SAN JOSE OFFICE MARKET HIT BY HIGH-TECH JOB LOSSES
SAN JOSE, Calif., Nov. 24, 2009 — The Silicon Valley’s late entry into the recession has driven a sharp climb in vacancy levels since the start of the year, with further weakness projected to extend into 2010, according to a fourth-quarter Office Research Report by Marcus & Millichap, the nation’s largest real estate investment services firm.
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11/23/2009
U.S. INDUSTRIAL MARKET DEMAND TO REMAIN TEPID NEXT YEAR
Boston – November 23, 2009—Demand for industrial space in the U.S. will remain tepid next year, according to analysis from CBRE Econometric Advisors (CBRE-EA).
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11/23/2009
FirstService Williams Arranges Perkins Eastman Sublease at 1140 Broadway
NEW YORK, N.Y., November 23, 2009 – FirstService Williams, the New York City hub of FirstService Real Estate Advisors, the fourth largest commercial real estate service firm in the world, arranged a five-year, 8,500-square-foot sublease at 1140 Broadway.
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11/23/2009
FXDD Recommits to Downtown with 40,717 SF Deal at 7 WTC
NEW YORK (Nov. 23, 2009) -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that FXDD, which provides software and trading platforms for global currency exchange, has subleased 40,717 square feet – the full 32nd floor – at 7 World Trade Center.
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11/23/2009
STRATEGIC ALLIANCE MEETS WITH MAYORS, KEY DECISION MAKERS FOR REDEVELOPMENT IN ATLANTIC CITY Exhibit at New Jersey League of Municipalities Conference Focuses on Solutions for Stalled Projects
ATLANTIC CITY, N.J., Nov. 23, 2009 – The Strategic Alliance, a group of eight real-estate related professional service companies, recently exhibited at the 94th Annual New Jersey State League of Municipalities Conference in Atlantic City.
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