A developer has broken ground on a 101,000 sf retail and office complex in the Dallas suburb of Arlington, TX. The $20 million Village at Sports Center is going up on seven acres along South Cooper Street. Read Full Story
A small number of Manhattan office tenants have managed to negotiate rental rate reductions and tenant representatives say such activity could increase in the coming months as the city's office market weakens. Read Full Story
West LB has agreed to lease 129,000 sf at 7 World Trade Center in downtown Manhattan. The office building's owner is negotiating the lease two months after HSBC reneged on an agreement to lease at the 1.7 million sf property. Read Full Story
TA Associates Realty has paid $78 million for 235 Pine St., a 207,000 sf office building in San Francisco. The Boston fund advisor purchased the building on behalf of The Realty Associates Fund VIII from Alecta Real Estate of San Francisco, which marketed it through JLL. Read Full Story
The Philadelphia-area industrial vacancy rate increased 13 basis points to 9.23% in Q3, according to Grubb & Ellis. The brokerage reported that the amount of space made available during the quarter exceeded the amount leased by 580,000 sf. Read Full Story
Grubb & Ellis Realty Investors has started liquidating the nine office properties it owns through an investment vehicle it raised in 2003.
Up first is the Sevens Building, a 196,922 sf office building in Clayton, MO and 901 Civic Center, with 104,000 sf in Santa Ana, CA. Read Full Story
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