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Office rents continued their climb in Q4, with central business district Class-A rents crossing $32.03/SF for the first time in Charlotte.
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GlenStar bought Schaumburg Corporate Center for $80M in March.
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Investors should still consider buying office assets in Portland, Ten-X posits.
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St. John Properties has signed Verizon to a 61K SF lease at the office portion of its Annapolis Junction Town Center mixed-use development in Howard County.
The two office buildings at 4900 Seminary Road and 4825 Mark Center Drive sold for $40M after having their values drop from a combined $120M in 2012.
Construction will begin in March on The Nexus, a six-story, 154K SF office building at Waverly. The Remi Group will be the first tenant.
Companies are making use of available space on the upper floor of retail centers.
In addition to the progress on lettings, Hibernia sold the Chanery D8 for €23.8m.
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Oxford Properties announces plans for The HUB, a 1.4M SF Bay Street office tower.
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Fewer large blocks of space have not stopped startups from coming into San Francisco.
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