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Who's Behind Biotech?
Jun 1, 2003
The national office market is mired in its worst slump in a decade as Corporate America continues to shed workers. More than 500,000 jobs were eliminated...
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A Blue-Ribbon Development?
Jun 1, 2003
Can the place that made the beer that made Milwaukee famous become a magnet for downtown fun-seekers? Developers hope to transform the site of the Pabst...
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Networks Sign on for Tallest Lease in NYC
May 19, 2003
New York City’s tallest office tower had a flurry of leasing deals recently as several television and radio stations signed on as vertical tenants. Rather...
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Wells Continues Acquisition Spree
May 2, 2003
Wells Real Estate Investment Trust has been busy this week. The unlisted office and industrial REIT spent over $245 million to buy two office buildings,...
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A Towering Question
May 1, 2003
These are trying days for Philadelphia's downtown office market. Class-A office vacancy rate in the CBD sits at 14.4%, below the national average but...
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More Office Glut in Midtown Atlanta?
May 1, 2003
Atlanta's real estate community knew that Hines was working on a deal to build a new headquarters tower for old-line law firm King & Spalding in the Midtown...
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Mixed Messages at Atlantic Station
May 1, 2003
Atlantic Station, a 12 million sq. ft. mixed-use project under development in Midtown Atlanta, has overcome a series of environmental and financial obstacles...
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Los Angeles office market stabilizing?
Apr 9, 2003
For the first time in months, the office vacancy rate for Los Angeles County has shown improvement, according to first-quarter statistics from Cushman...
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Lower Manhattan vacancies declined in March
Apr 2, 2003
For the first time in months, downtown New York City posted positive absorption of office space. A report from Cushman & Wakefield shows that downtown office vacancy fell from 13.7% at the end of February to 13.3% at the end of last month....
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A Supply Glut In the Office Sector
Apr 1, 2003
Over the past two years, as office markets softened, industry pundits predicted that things would not get as bad as they did in the last recession because...
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Bear Stearns to remain in Brooklyn
Mar 3, 2003
Despite periodic threats to move thousands of its New York City employees out of the city, Bear Stearns has announced that it will renew its 300,000 sq....
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Desperate Times, Drastic Measures
Mar 1, 2003
Equity Office Properties has a simple solution to cope with its earnings slump cut overhead to the bone and lavish new rewards on brokers who fill up...
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Mold on Hold
Mar 1, 2003
A year ago, the mold crisis looked as if it would follow the course of many past environmental problems lawsuits, then laws, then years of cleanup. But...
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Chicago landmark trades for nearly $500M
Feb 25, 2003
After sitting on the market for four months, the Blackstone Group has sold the Aon Center in Chicago for roughly $475 million, or $190 per sq. ft. Atlanta-based Wells Real Estate, an active buyer in 2002, has agreed to purchase the 2.5 million sq. ft. tower located at 200 East Randolph St. in Chicago’s East Loop district. It is the third largest building in the U.S....
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JV buys Houston tower for $65M
Feb 19, 2003
Crescent Real Estate Equities Co. has partnered with an affiliate of GE Pension Trust to purchase 5 Post Oak Park, a 28-story, 567,000 sq. ft. office...
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