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DALLAS-Don Ostroff and Will Balthrope close three sales for 646 units in a North Texas town and Houston. The former Grubb & Ellis duo, now leaders of C&W's Multi-Housing Group, close the trio in a week and bring in about $21.4 million for the sellers.
AUSTIN-Data Projections will move into 3,946 sf along Metric Boulevard while Brown & Caldwell engineers goes into 3,815 sf along Mountain Ridge Drive. The engineering firm slides into TXU sublease space.
ATLANTA-Jack Minter is named senior vice president and director of investments for the locally based REIT. He brings 20 years of experience in capital markets, most recently as managing director of Credit Suisse First Boston's real estate investment sales group.
PHILADELPHIA-The Jenkintown, PA-based developer acquires a 177,000-sf industrial building in Philadelphia County from Pasadena, CA-based Avery Dennison for about $19.77 per sf and leases back 40,000 sf. The building is located on Dungan Rd., northeast of Center City.
CHICAGO-Brokers at Cushman & Wakefield's second annual industrial conference hear strategies on surviving in a marketplace that sees the corporate client base continuing to shrink through consolidations.
NEW YORK CITY-Situated on a 7.5-acre parcel in Hauppauge, NY, the Woodlands Office Park was acquired last year by Metropolitan Realty Associates and is undergoing a major redevelopment that is attracting a raft of new occupants.
CHICAGO-Brokers at Cushman & Wakefield's second annual industrial conference hear strategies on surviving in a marketplace that sees the corporate client base continuing to shrink through consolidations.
LONG BEACH, CA- Downtown Plaza is at 211 E. Ocean Blvd., just north of the city's popular Shoreline Village. It is 93% occupied and includes tenants The Designory, Barrister Executive Suites, and the City of Long Beach.
DEARBORN, MI-The data processing firm is leasing entire the building, completed in 2000 and located across from Ford Motor Co. The private investment group from Southern California gets it for $108 per sf.
DALLAS-Eight office and industrial leases close around town with savvy talking from both sides of the street. The largest lease is 11,979 sf for five years and brings a doubling of space for the industrial user.