Subject: Leases (LSE)

VertiNews.comSMSpecial ReportCushman & Wakefield has formed a venture that would allow its clients to swap their unused space for credits that could be used to buy advertising.

August 17, 1999Crescent to take over Charter hospital system Houston Chronicle, August 17HOUSTON – Crescent Real Estate Equities Co., headed by billionaire Richard Rainwater, said Monday that it has reached anagreement whereby an affiliate will take control of struggling psychiatric ...

Boston Properties got the go-ahead to develop a 1 million sf office building in Times Square by signing Ernst & Young to a 20-year lease.

August 16, 1999City to vote on Five Points TowerSarasota Herald-Tribune, Aug. 14SARASOTA, Fla. – It now appears certain that the Sarasota City Commission will override its planning board and approve a nearly 200,000-square-foot, seven-story office building on a vacant lot ...

August 12, 1999Hot piece of downtown property up for grabsOrlando Sentinel, Aug. 12ORLANDO – A prime block of downtown Orlando real estate has been put up for sale by its Saudi Arabian owners. The 2.29-acre property, bounded by Orange and ...

August 12, 1999 NEW YORK – NEC America Inc. is relocating its corporate headquarters to a 526,244-square-foot building that Archon Group, a unit of Goldman Sachs Group Inc. (NYSE:GS), will develop in the Las Colinas Corporate Center in Irving, Texas.NEC ...

August 11, 1999ROSEVILLE, Calif. – Summit Commercial Properties and Mack-Cali Realty Corporation (NYSE:CLI) have leased 70,000 square feet at Lava Ridge Business Center to Prima Publishing, a book publisher and media company.The transaction is Roseville's largest office lease to-date.Kevin Larscheid ...

VertiNews.comSMSpecial ReportWith so little available office space in Midtown Manhattan, asking rents have shot up 12% to $44.77/sf in the first half.

August 5, 1999 BALA CYNWYD, Pa. – Corporate Office Properties Trust (NYSE:OFC) said it leased all 120,000 square feet of an office building it is constructing in Annapolis Junction, Md., to Ameritrade Holding Corp.Corporate Development Services, a subsidiary of Corporate ...

August 5, 1999 PASADENA, Calif. – Alexandria Real Estate Equities Inc. (NYSE:ARE) said it signed 13 leases during the second quarter ended June 30, for 177,000 square feet of space at ten properties.Of that total, eight leases for 136,000 sf ...

August 4, 1999 DALLAS – Seattle has begun to lag the nation when it comes to growth in apartment rental rates, according to Axiometrics Inc., a Dallas research firmThe city's average rental rate grew an anemic 2 percent for the ...

August 3, 1999 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE: CLP) leased 18,337-square-feet of Colonial Plaza in downtown Birmingham, Ala., to SouthTrust Corp.SouthTrust is relocating its credit and loan review offices to the 182,000 sf office building, which Colonial Properties ...

August 2, 1999By VertiNews.com Correspondent Paul GereffiPEMBROKE PARK, Fla. – The vacancy rate is steadily dropping on a planned, 1.52-million-square-foot industrial park set to open this month in southern Broward County. Seneca, an industrial park located at I-95 and Hallandale ...

July 28, 1999 NEW YORK – Glimcher Realty Trust (NYSE:GRT) said it has lined up 165 tenants for its Jersey Gardens mall in Elizabeth, N.J.About 90 percent of the 1.3 million-square-foot mall is now leased. Major retail tenants will include ...

July 27, 1999By Brad Berton, VertiNews Contributing EditorBiotech giant Immunex (NADSAQ:IMNX) has leased 58,500-square-feet at 1015 Third Avenue, the original Seattle City Light headquarters that was recently renovated by Expeditors International (NASDAQ: EXPD) for its home office. Immunex, whose annual ...

Pier 1 Imports has relocated its western regional distribution center to a 750,000-sf building in Ontario, Calif., that was developed by a unit of LNR Property.

July 22, 1999 MENLO PARK, Calif. – Spieker Properties Inc. (NYSE: SPK) said it has pre-leased 88% of the Roseville Corporate Center, a 105,000-square-foot office building it is constructing.Recent leases include an 11-year, 39,000/sf deal with Prudential Insurance Company of ...

July 21, 1999 ALISO VIEJO, Calif. – BUY.COM, an Internet retailer, has leased 53,000 square feet in the Summit campus in Orange County, Calif. The five-year lease is valued at $8.2 million. Currently under construction, the project's 320,000/sf second phase ...

July 20, 1999MIAMI – Estoril Inc. said it has retained Insignia/ESG as the leasing agent of Espirito Santo Plaza, a 700,000-square-foot office building that is being built in Miami.The building's anchor tenant will be Espirito Santo Bank, which also financed ...

Kennedy-Wilson is close to leasing up nearly all the space in 60 Broad St., a 1.1 million-sf building it bought two years ago.

July 14, 1999 HUNTSVILLE, Ala. – Colonial Properties Trust has leased 20,300 square feet at a speculative office building it is constructing in Huntsville, Ala.ADS Corp. becomes the first tenant at the 133,000-sf property, Colonial Center at Research Park, which ...

July 13, 1999DALLAS – Prentiss Properties Trust (NYSE: PP) announced several major leases signed in the second quarter of 1999.Moore North America, Inc., a wholly owned subsidiary of Moore Corp., Ltd., executed a 12-year lease to occupy 100% of the ...

Vornado, which owns a substantial amount of office and retail space in Manhattan, is poised to increase rents, thanks to extremely strong demand. Rents at its Manhattan properties are now 15 percent below market, and Vornado says it will be ...

Vornado, which owns a substantial amount of office and retail space in Manhattan, is poised to increase rents, thanks to extremely strong demand. Rents at its Manhattan properties are now 15 percent below market, and Vornado says it will be ...