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PUYALLUP-A local developer has spent nearly $40 million in retail purchases over the past month. Lahha Willos Properties LLC purchased two retail centers that are fully occupied.
MIAMI-The Tamarac, FL provider of e-commerce solutions is taking the entire building at 2200 SW 10th St., Deerfield Beach, FL for nine years at an estimated first-year rent of $19 per sf. Deerfield Beach is 70 miles north of Downtown Miami.
MIAMI-The former co-founder of Southern Systems Inc. is searching for tenants to fill Millennium Partners' 220,000-sf of office at the Four Seasons Hotel and Tower on Brickell Avenue and for buyers to develop the 75-acre, mixed-use Rockefeller Group Corporate Park in Miramar, FL, Broward County.
SUNRISE, FL-New Jersey's Victory Investment Group buys the 178,800 sf, 9.6-acre former headquarters and distribution center in Broward County's Sawgrass International Corporate Park for $39 per sf.
MIAMI-Leases from American Express, Estee Lauder and Vivendi affiliate US Filter bring the nine-story, 240,000-sf class A office park in Plantation, FL to 60%. New York-based TIAA-CREF owns the property.
CHICAGO-Building Owners and Managers Association convention-goers get a downbeat forecast for the office and industrial markets during a panel discussion kicking off Asset Management Day. "What has happened today is totally beyond comprehension," observes Real Estate Media editor-in-chief Michael G. Desiato.
DALLAS-Nearly every pension fund adviser and industrial REIT put an offer on the table for the class A listing in Dallas-Fort Worth. RREEF collects the check from TIAA for about 1.2 million sf that has just 50,000 sf sitting empty.
BOCA RATON, FL-Sensormatic Electronics Corp.'s former 150,000-sf headquarters sells to Atlanta, GA-based Songy Partners Limited and Boston, MA's Charlesbank Capital Partners for a reported bargain-basement price of $9.5 million.
DALLAS-It's time to get serious about finding more land in southern Dallas, says Tal Hicks, president of Hillwood Investment Properties. The newest lease takes Hillwood's open space to 65,625 sf in its Pinnacle Park buildings.
PHOENIX-Stanton Industries, headquartered in the Northwest US, takes 78,406 sf in a 200,000-sf warehouse along South 43rd Avenue. The pact, valued at about $1 million, comes with a 55,000-sf expansion option.