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ORANGE COUNTY, CA-Local Grubb & Ellis office brokers two deals with out-of-state firms totaling $12 million. The deals involve sale of the Art Institute Building in Los Angeles and lease of an industrial space in Fullerton by a linen manufacturer.
CHICAGO-Senior director Jim Estus as well as executive directors Jeff Samaras, Kent Ilhardt, Paul Lundstedt and Brian Nagle are honored for their work. Former NHL player Joe Day wins Rookie of the Year honors.
NEW YORK CITY-Yesterday (March 13), a proposal for a 1-million-sf multifamily housing structure specifically intended for the NBA went before the Planning Commission and has now gone to the public review process.
HOUSTON-When NASA's a client, it's best to stay close is the thinking behind a lease renewal for 1331 Gemini in Clear Lake. John Frassanito & Associates, an industrial design firm, has renewed its 2,444-sf spot, where it has officed for the past four years.
BOSTON-Cathartes Investments looks to sell its 710-unit residential project here in South Boston across from the proposed convention center. The company has just received its approvals for developing the property, which significantly raises the value of the site.
HOUSTON-The transfer of a five-acre tract, with an office-warehouse, might be part of a county expansion deal, says the broker. The property is located at 7901 El Rio in a densely developed corridor.
PORTLAND-Mark A. Carnese has joined his brother Brad at the local Cushman & Wakefield office. Mark is working in the office sector under senior broker Tom Usher, former managing director of the Portland office.
PORTLAND-Looking for a change after 21 years with Cushman & Wakefield, the senior broker will be Ashforth Pacific's vice president in charge of marketing, reporting directly to new president Scott Langley, who came over from C&W last month.
STAMFORD, CT-A C&W of Connecticut report on the 50 largest lease transactions in the region in the year 2000 shows signs of a market maturation process, larger lease deals as well as the attraction of a diverse corporate base.