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"The competition is keen," Mr. Taylor said, "but typically the buildings are substantially leased before they are completed".
According to Mr. Feld, work on the galleria and the second tower will commence once the first is substantially leased.
Joel M. Orenstein, a senior vice president of Grubb & Ellis, noted that the new buildings were often substantially leased before they were completed.
Lankford and the other developers working on the new crop of high-rises are each targeting a "window" of demand for office space they say will open two years from now after downtown's existing high-rises have been substantially leased, Kristofferson said.
Similar(56)
Thus, prior to the commencement of the instant suit, the Secretary had leased substantially the entire area in controversy; 11 the Solicitor General further assures us that the lessees and their assignees had, in turn, expended tens of millions of dollars in the development of the leases.
Oregon eventually agreed to spend $19.5 million to help Newport build the $38 million facility, a move that meant Newport could promise the agency a substantially lower lease than Washington was offering.
The Government Accountability Office GAOO) recently announced that physician referrals for MRI and CT examinations for Medicare beneficiaries substantially increase the year they purchased or leased imaging equipment or after joining a group that already practiced self-referral.
These include 1425 New York Avenue in D.C., which is fully leased to the embattled Department of Justice at a "substantially below-market" price and thus presents strong long-term growth prospects.
The lease term, at inception, is substantially (75percentt or more) equal to the estimated economic life of the leased property, including earlier years of use (exception: this criterion cannot be used for a lease that begins within the last 25percentt of the original estimated economic life of the leased property).
Caching can lower the required capacity of backhaul connections during peak times and thus substantially reduce the costs that mobile operators have to pay for them, since backhaul is usually leased subject to providing a fixed maximum data rate [51].
I leased out aircraft".
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