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NEW YORK CITY-Scott Latham and Jon Caplan handed in their resignations at CB Richard Ellis last night and have signed on as senior directors at rival Cushman & Wakefield. The pair will work out of C&W's Metropolitan Financial Services Group.
RANCHO CUCAMONGA, CA-Regional Mail Express (RMX), a wholly owned subsidiary of United Parcel Service will operate a sophisticated mailing facility at Rancho Cucamonga, where it will move from nearby Ontario.
LOS ANGELES, CA-The global financial services firm struck a deal for a $2.5 million sublease at the Garland Building, originally built by First Interstate Bank as a data center that could withstand earthquakes.
PHILADELPHIA-The local office of New York-based Cushman & Wakefield's asset services department is awarded management of the 53-story, 1-million-sf, class-A office building at 1717 Arch Street in Center City, developed by Bell
ORLANDO-A Tampa Bay real estate market professional for 12 years, Sherri Forte will manage Bayport Plaza at Rocky Point in Tampa Bay. At Grubb & Ellis, Forte was senior property manager.
NEW YORK CITY-The new venture's first buy is a 412,000-sf office building at Fifth Avenue and 38th Street in Midtown's Grand Central District. The seller a partnership of Blackacre Capital Group and Emmes & Co.
SPRING, TX-The US division of Interceramic International signs up for a part of a warehouse in the Houston suburb of Spring. The site will supply the firm's two Houston stores. Hartman REIT is the property owner.
MIAMI-Using inhouse partnerships, the Davie, FL-based brokerage paid LEF/College Parkway LLC $11.1 million or $135.37 per sf for the 80,000-sf College Parkway Center in Fort Myers, FL; and $17.35 million or $96.93 per sf for the 179,000-sf Shoppes at Boynton in Boynton Beach, FL.
ATLANTA-The locally based energy holding company will consolidate two subsidiaries into headquarters on 17 floors of the 20-story, 259,078-sf, 100%-leased Ten Peachtree Place in first-quarter 2003. The lease is one of the largest this year in metro Atlanta.
HOUSTON-Abbey Party Rents holds onto 64,666 sf at a ProLogis warehouse along Blankenship Road while 02 Wireless Solutions signs for a 42,101-sf sublease spot in a Vantage-owned warehouse along Windfern.