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HOUSTON-Cushman & Wakefield of Texas' Houston office walks away with multiple honors from corporate. The 30-broker team places second in the nation while seven on the staff make the Top 100. Vice chairman Tim D. Relyea pulls a Top 10 slot.
PHOENIX-George Brazil Plumbing, which operates in California, Texas and Arizona, lines up a tract along South 38th Street in Phoenix for a 34,020-sf build-to-suit that signals its commitment to the metro area.
HOUSTON-Verizon Wireless signs its second lease this month for a retail site in Houston's western tier. The new deal will bring a 2,200-sf store at 1120 Fry Rd. The wireless provider already has 24 stores up and running in the region.
LAS VEGAS-Simon Property Group is fine-tuning a 200,000-sf expansion of the 500,000-sf Forum Shops in Caesar's Palace. Ground will break soon in order to meet a 2004 delivery of retail space that's attracting the cream of the crop.
PHOENIX-An out-of-state private investor takes the deed from a local investor for the Rosewood Apartments at 5810 S. 40th St. in Phoenix. A Marcus & Millichap report concludes more sales will close with the favorable financing conditions.
HOUSTON-NCI Building Systems hawks 40,000 sf in two buildings near its corporate headquarters in the popular northwest industrial submarket. The holding was on the market for nearly four months at an asking price of $1.1 million.
PHOENIX-The manufacturer and distributor of construction materials makes out a seven-year commitment to Phoenix's northwest submarket. The 96,000-sf lease for 5061 N. 51st Ave. is valued at $2 million.
DEER PARK, TX-Bechtel Equipment Operations will be moving into a suburban office/warehouse positioned on 2 1/2 acres in Deer Park, a growing industrial town positioned 20 miles southwest of Houston.
GILBERT, AZ-Noffsinger Manufacturing is the new owner of the 91%-occupied, multi-tenant Baseline Professional Plaza at 2451 E. Baseline Rd. in Gilbert. The buyer assumed a 15-year amortization on a $2.6-million loan to complete the sale.
HOUSTON-A new senior vice president in the office division for Moody Rambin Interests says tenants might want to start making decisions more quickly. He believes the concessionary times are nearly over for the office market.