Darren Grunberg signed a renewal lease
for 550-square-foot lease at 575 Underhill Blvd.
As expected, the renewal lease
rate change of GATX's Lease Price Index was negative 2.8% in the quarter, with an average renewal term of 53 months.
The Environment and Lands court in Murang'a county has given Delmonte Company and parties blocking its land renewal lease
21 days to negotiate an out of court settlement.
As an adviser in the property industry I urge landlords and tenants to look at the benefits of PACT as, arguably, the determination of all or some of the terms for a renewal lease
are better dealt with by an independent expert rather than the Courts.
And despite the 163,226-square-foot renewal lease
by Polo Ralph Lauren at 650 Madison Avenue in Midtown, net absorption for the borough was a negative 4.19 million square feet, the CBRE report said.
Only in certain circumstances can a landlord refuse the granting of a renewal lease
Furthermore, renewal lease
rent growth tends to run alongside new-resident lease growth in Dallas and Atlanta and actually exceeds the rent bump that comes with new-resident leases in Washington, D.C.
The company's biggest deals include MSG's 325,000 renewal lease
at 2 Penn Plaza and Amazon's 470,000 lease at 7 West 34th Street.
M2 EQUITYBITES-September 14, 2010-First Potomac Realty Trust signs renewal lease
with Home Depot and new lease with The Tile Shop(C)2010 M2 COMMUNICATIONS http://www.m2.com
Office building owners struggling to retain their tenants in the weak economy are more likely to pay a full broker's commission on a renewal lease
compared to a year ago, landlords said.