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HOUSTON-David Boyd of Boyd Page becomes president; Fred Caldwell of Caldwell Watson, vice president; and Conrad Bernard, also of Boyd Page, secretary-treasurer. The all-star lineup is in place to steer the chapter through the year.
HOUSTON-Rollins Leasing relinquishes a 12,800-sf industrial facility to Courtesy Dealership Property in a consolidation move. Negotiations started at $1.5 million. Two other Houston properties are on Rollins' disposition list.
HOUSTON-A Bellaire, TX investor caps a repositioning with a $3-million sale of a class C complex in South Houston. The seller acquired the holding in June 2000, remodeled, raised rent and sold for a profit.
SCOTTSDALE, AZ-Mark-Taylor Inc. and Mark-Taylor Residential are among the finalists for Pillar of Industry awards accorded by the National Association of Home Builders. Winners will be announced March 4 at the annual conference.
PHOENIX-First Industrial Realty Trust sells about 14.6 acres at the intersection of 47th Avenue and McDowell Road. The site will house a training facility for the Arizona carpenters apprenticeship program.
TEMPE, AZ-A California partnership closes a pure investment deal, buying the 60,458-sf Roosevelt Tech Center in Tempe's Broadway Industrial Park. Location and high occupancy drive the sale of the 18-year-old building
SUGAR LAND, TX-Imperial Sugar, following the lead of many corporations today, decides to unload more than 3,500 acres in eight US locations. Proceeds will be used to reduce debt. In Texas, 1,427 acres make the "to go" list.
SUGAR LAND, TX-Fincher Development takes nearly 2.2 acres at First Crossing, a 65-acre, mixed-use project in Sugar Land. Sometime this year, the developer will cut the ribbon on another Willie's Grill in the Houston region.
SUGAR LAND, TX-The Home Theatre secures 1.3 acres for a store that is ticketed to open in the fall while Aaron Bros. leases 6,689 sf at the developing 43-acre Sugar Land Town Center Lakeside in the First Colony neighborhood.
PHOENIX-Pat Gehm, a 22-year veteran of commercial real estate, leaves Hines Interests after 15 years. He is now director of management services for metro Phoenix. It's part of an expansion play by Grubb & Ellis' Phoenix office.