Leasing

NEW YORK CITY-Even with the credit crunch and a slowdown in leasing in the third quarter, Manhattan office rents hit an all-time high.

TEMECULA, CA-The locally based Garret Group will develop the headquarters and distribution facility for Professional Hospital Supply.

NEW YORK CITY-In Manhattan's office leasing market, September availability remained steady at 7.7% with limited supply of high-quality office space.

WEST LONG BRANCH, NJ-The discount brokerage lays off all but 30 staffers as it prepares to go out of business.

Six of the area's seven submarkets currently sport vacancy rates less than 5%.

It's a good time for corporate America to make commitments in the Garden State.

Any long-term stabilization of the office market will be dependent on a strengthening New Jersey economy, which had been hampered by tepid employment growth during the past two years.

CARROLLTON, TX-Argus takes 801,142 sf in seven buildings at Billingley's International Business Park. The deal includes a preferred equity stake from the seller and an eighth building.