Brokerage
Ericsson to Occupy Half-Million SF Near Dallas
Just three weeks after closing its $43.1 million acquisition of the former Nortel Networks Inc. Campus in Richardson, Texas, Pillar Commercial has orchestrated two lease agreements that increase the telecommunication company’s occupancy from 200,000 square feet to 460,000 square feet.
Broker Completes 71,000-SF Renewal
Lockton Insurance Brokers L.L.C. has inked a lease renewal for office space at Ernst & Young Plaza, a 41-story, 915,316-square-foot Class A office building in Los Angeles.
Newmark Wins 1 MSF Office Assignment
Newmark Knight Frank has come out on top in a competitive bid to serve as exclusive office leasing agent for New Quincy Center, Street-Works Development L.L.C.’s $1 billion mixed-use project.
Berkshire Subsidiary Takes 263,600 SF
Carpeting and flooring manufacturer Shaw Industries Inc. will occupy the industrial space at Point West VI near Dallas under a long-term lease agreement.
Compaglia Joins Cassidy Turley as VP
Donna Compaglia will be based in the firm’s San Francisco office, specializing in representation of landlords and tenants in leasing commercial property.
JLL Inks 58,000 SF in San Diego Leases
The two deals were completed with biopharmaceutical firm Halozyme Therapeutics.
WTC’s 1 MSF Condé Nast Lease to Lead Downtown’s Return to Glory
New York City’s office market has been in the slow-but-sure post-recession rebound mode for the last several months but the long-awaited announcement has created such a buzz that industry experts believe it will kick the recovery of Manhattan, and downtown in particular, into high gear.
Forest City Wins Gigs
The firm has just added nearly 2.2 million square feet to its portfolio.
RECon Report: Economy Has Hit Bottom
According to Marcus & Millichap’s 2011 national retail report, cautious optimism is the order of the day.
Manhattan Rental Rates to Reach Record High in 2011
Not only has the city rebounded, it has come back with a vengeance, as market-rate rents are on track to reach an all-time high this year, according to Marcus & Millichap Real Estate Investment Services’ apartment research market outlook.