Business Specialties Leasing
Two D.C.-Area Buildings Leased Up
May 5, 2008

Washington Property Co. has leased up at two of its commercial office buildings--4 Research Place and Patriot East. Lockheed Martin put 4 Research Place in Maryland over the top with a lease expansion bringing that company’s total square footage to 39,000. Bernie McCarthy of Jones Lang LaSalle Inc. represented Lockheed Martin, and Marc Witowski at Washington Property represented the landlord. At Patriot East in Greenbelt, Md., JMAT Systems L.L.C.'s lease brought the building to full occupancy. Bill Ompofo of Avalar Realty represented the tenant and Brent Prossner of Edge Commercial L.L.C. joined Witowski in representing Washington Property. Patriot East, and its twin, Patriot West (both are four-story office buildings of 85,000 square feet each) comprise Patriot Business Park.

 
Recent Leasing Headlines
horizon Fox Interactive Signs $350M Lease for New LA-Area HQ
July 02, 2008
Fox Interactive Media has completed a lease agreement with Lincoln Property Co. and ASB Real Estate Investments to lease 421,000 square feet of office space at the Horizon at Playa Vista project near Los Angeles.
RSM McGladrey Leases 164,771 SF in Manhattan
July 02, 2008
CB Richard Ellis arranged a long-term, 164,771-square-foot lease renewal and expansion at 1185 Avenue of the Americas in New York City on behalf of RSM McGladrey Inc., a division of H&R Block.
Sensus Metering Expands at Highwoods Forum Office Park in North Raleigh
July 02, 2008
Highwoods Properties Inc. said that Sensus Metering Systems is expanding their office space at Highwoods Forum Office Park in North Raleigh, N.C.
Mack-Cali Realty Announces Lease  Renewal/Expansion in Jersey City
July 02, 2008
Mack-Cali Realty Corp. said today that Tullett Prebon Holdings Corp. has leased 100,759 square feet at 101 Hudson Street in Jersey City, N.J.
ProLogis Arranges 500,000SF Lease in Dallas
July 02, 2008
ProLogis has leased a total of 500,000 square feet to three customers in the greater Dallas metropolitan area.
 

 

$8.9B Penn Gaming Merger Crumbles
July 03, 2008
By Barbra Murray, Contributing Editor After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc.,...

Colonial Properties Trust Sells 5 Apartment Communities for $82M
July 03, 2008
By Gail Kalinoski, Contributing Editor Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not...

H&R Sells 11 in Canada
July 03, 2008
By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
July 03, 2008
By Tonie Auer, Southwest Correspondent -- Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent...

Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
By Barbra Murray, Contributing Editor Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...

How to Reduce Employee Turnover
June 06, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Few things in business are as costly and disruptive as unknowingly having the proverbial revolving door for employees to exit from. While there are many secondary and tertiary items that can influence an...

How To Delegate for Success
May 30, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --If you desire to become a top CEO it will be essential for you to master the art of leveraging down. Think of any top performing CEO and you'll find that to the...