Brokerage
City Creek Center M-U on Track Despite Economic Downfall
By Gabriel Circiog, Associate Editor Despite the economic downfall, City Creek Center is taking shape in downtown Salt Lake City. Deseret News reports all residential construction is now complete and the first 20 stores have been announced. Dale Bills, spokesman for City Creek Reserve Inc., the real estate development division of the LDS Church, announced […]
Office Space Tightening Amid Greater Economic Concerns
Despite continued economic volatility and sluggish growth, the top tiers of the office market are still drawing significant activity and interest, according to a Jones Lang LaSalle report.
Fashion Place Expands, as Wasatch Front Retail Real Estate Market Blooms
By Gabriel Circiog, Associate Editor At a time when the economy is somewhat troubling for most real estate markets, the retail real estate market along the Wasatch Front is doing well. Deseret News reports that there are four major retail centers expanding or under development. Fashion Place mall in Murray is currently undergoing a 100,000-square-foot […]
Sabey Data Center Properties Buys Manhattan’s Verizon Building for $120M
Sabey Data Center Properties entered the data center-hungry metropolitan New York market with the closing of a $120 million acquisition of a 29-floor condominium interest in the 32-story Verizon Building, with plans to transform the space into a premier data center location.
Economy Watch: Wall Street Tanks, but Hiring Improves (a Bit) in July
This morning’s jobs number showed a slight improvement, while commodities have followed stocks into negative territory. Commercial real estate prices aren’t rising–but at least they aren’t falling.
Update: Creating the Big Picture for the WTC Site
At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides.
Taylor & Mathis to Oversee Leasing of IndCor’s 1.2 MSF Tampa Portfolio
Taylor & Mathis of Florida L.L.C. has picked up a management-leasing contract from IndCor Properties Inc. for 1.2 million square feet in the Tampa area.
Savanna Signs 60 KSF New Leases on 40th Street in Manhattan
Savanna announced the signing of more than 60,000 square feet of new leases at 104 West 40th Street, representing nearly 30 percent of the building’s 210,000-square-foot capacity.
Guest Column: “Taxonomics” of Tenant Allowances
Negotiated tenant allowances are a key consideration for most commercial leases. Unfortunately, negotiations often overlook tax consequences during the structuring of the lease, creating an unanticipated tax burden for an unsuspecting property owner.
Plastics Manufacturer Inks 104,300-SF Lease
Phoenix Packaging Operations L.L.C. took the entire manufacturing and distribution facility at 464 E. Chilton Drive in the Arizona city of Chandler.