Business Specialties Leasing
Pinnacle Commits to 30,000-SF Flex Building
May 8, 2008

Pinnacle Wireless will take its headquarters from Montclair to Hackensack, where it has signed a lease to occupy the entire 30,000-square-foot flex building at 80 Commerce Way. The deal marks an expansion for the communications company. Owned by Prism Capital Partners for the last three years, the facility is part of a two-structure complex consisting of an aggregate 73,000 square feet; the second structure, offering 43,000 square feet at 60 Commerce Way, is presently vacant but was previously occupied by Quest Diagnostic. Prism relied on Jones Lang LaSalle to orchestrate the transaction, while the new tenant turned to The Van Houten Group for representation. Pinnacle plans to move into its new digs this summer.  

 
Recent Leasing Headlines
Brandywine Executes 195,000SF DC Lease with Time Warner
July 23, 2008
Brandywine Realty Trust has executed a 10-year lease transaction with Time Warner Cable Inc. for 195,000 square feet in South Lake at Dulles Corner, a 268,240-square-foot office building in Herndon, Va, a suburban office market in Washington, D.C. The lease brings South Lake at Dulles Corner to 73 percent leased.
Root Capture Leases Industrial Space in Brooklyn
July 23, 2008
Kalmon Dolgin Affiliates arranged a 20,000-square-foot lease for Root Capture Inc. at the property located at 131 North 14th Street in the Williamsburg neighborhood of Brooklyn, N.Y.
Studley Report Says Sublease Space Floods San Fran Office Market
July 23, 2008
A total of 700,000 square feet of sublease space flooded the San Francisco office market over the last three months, pushing the overall availability rate to 14.8 percent, an increase of 1.6 percentage points as compared to the first quarter of 2008.
Opus West Signs 5 New Tenants at Pima Center in Scottsdale
July 22, 2008
Opus West Corp. has announced five new office tenants at the 1-million-square-foot Pima Center, an office campus  located at the Loop 101 freeway at Via de Ventura in Scottsdale, Ariz.
Corporate Point Dallas Software Retailer Relocates Headquarters
July 21, 2008
Despite a slowing office leasing market in the Dallas-Fort Worth Metroplex, a Dallas-area based smartphone software retailer signed a seven-year lease of about 50,000 square feet in the master planned commerce center of Las Colinas in the Dallas suburb of Irving.
 

 

REal Talk with Adam Perrotta
July 23, 2008
By Adam Perrotta, News Writer --It appears as though the tide of opinion calling for government aid for the foreclosure crisis has impelled President Bush to drop his opposition to a $3.9 billion housing rescue bill. Whether Bush's reversal was...

Sterling JV Pays $38M for Tampa Apartments Despite Soft Market
July 23, 2008
By Scott Baltic, Contributing Editor -- Sterling American Property Inc., in a JV with The Collier Cos., has purchased the St. Croix Apartments, a 540-unit, gated, resort-style apartment community in Tampa, for just north of $38 million. The seller was...

Trio of Projects to Bring 1.7M SF to Suburban DC
July 23, 2008
By Barbra Murray, Contributing Editor -- The souring economy hasn't altogether dampened development activity. In the Washington, D.C., suburb of Arlington, Va., news has emerged about three new office and mixed-use projects that will bring a total of 1.7 million...

Westcore Sells Vienna Office for $39M
July 23, 2008
By Thomas Peretti, Contributing Correspondent -- Westcore Properties has announced the sale of a Class A Austrian office building. The 125,000-square-foot property sold for $39.2 million (24.5 million Euros) to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH. The six-story building...

Bush Drops Resistance to Housing Bill; House Expected to Vote Today
July 23, 2008
By Erika Schnitzer, Associate Editor, Multi-Housing News -- Despite his objections over a $3.9 billion provision that would assist communities devastated by foreclosures, President George W. Bush today dropped his opposition to housing rescue legislation. He was previously threatening to...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

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...