Lease Up: Fifth Third Bank Expands to 218,135 SF in Chicago

By: Steven Burlison Fifth Third Bank, the diversified financial services provider, signed the largest lease renewal in downtown Chicago so far this year and expanded its previous space at 222 S. Riverside Plaza by 35,000 square feet. The firm now occupies 218,125 square feet in the bu
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Willis Signs 19,000-SF Lease at 1450 Brickell

Willis of Florida, Inc., a subsidiary of global insurance broker Willis Group Holdings PLC (NYSE: WSH), has signed a long-term lease deal for 18,875 square feet at Miami’s iconic 1450 Brickell office tower. Willis will occupy space on the 16th floor of the 35-story, 582,817-squa
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Ford aims for more vehicle market segments in China (Reuters)

Reuters – Ford Motor plans to more than double its offers across vehicle segments in China, the world’s top market, as it speeds up the launch of new models, a senior executive said on Saturday. Yahoo! News: Business News
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CoStar’s People of Note (Aug. 28-Sept. 3)

This week’s People of Note includes the following markets: Boston, Jacksonville/North Florida, Retail and San Francisco. SAN FRANCISCO Maushardt To Head Western Acquisitions for Wood Partners Wood Partners named Jane Maushardt as senior vice president of acquisitions for Califor
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Jobs woes sink Wall Street (Reuters)

Reuters – Stocks tumbled 2 percent on Friday after data showing zero jobs growth in August brought investors face-to-face with the prospect of another recession. Yahoo! News: Business News
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ECB’s Trichet presses Italy on budget targets (Reuters)

Reuters – ECB President Jean-Claude Trichet kept up warnings over Italy’s strained public finances Saturday, telling the struggling center-right government it must act quickly to reassure nervous markets. Yahoo! News: Business News
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Shenandoah Square Sells for $21.95M

A joint venture between Global Fund Investments, Inc., Migdal Insurance Company, and Menora Mivtachim Insurance has acquired the Shenandoah Square shopping center in Davie, FL from Ramco-Gershenson Properties Trust for $ 21.95 million, or about $ 175 per square foot. Shenandoah Square
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Irrigation Management – What Does A Room Remodel Have To Do With An Irrigation System?

Highly effective irrigation management needs the right kind of hardware on-site, good programming in the software and a healthy dose on hands-on, practical knowledge. Still, this isn’t always enough to prevent the surprising ravages of a seemingly routine office remodel. Real-Es
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Taking a Bold Leap Forward

Penton Commercial Real Estate announces the addition of Jonathan A. Schein. National Real Estate Investor
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U.S. moves to block AT&T’s purchase of T-Mobile (Reuters)

Reuters – The U.S. government on Wednesday sued to block AT&T Inc’s $ 39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices. Yahoo! News: Business News
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