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SAN FRANCISCO-The locally based industrial REIT AMB Property Corp. expands its network of air cargo and logistics facilities with 1.3 million sf of properties in Paris, Frankfurt, Madrid and Tokyo.
SYDNEY-Locally based Macquarie CountryWide Trust pays $75.3 million for the interests. The seller, Regency Centers will retain a 25% ownership in each of the properties as well as the management assignment.
HOUSTON-Air Routing International renews early on 28,743 sf at 2925 Briarpark Dr. while striking a new deal for 2,242 sf in Columbia Centre in a disaster plan to keep its data center about two miles from its main hub.
NEW YORK CITY-Principal Life Insurance takes the 263,000-sf apartment complex at 420 W. 42nd St. for nearly $108.8 million. The complex is actually part residential tower, part theater-related space and retail.
WASHINGTON, DC-Share Our Strength will share the address of the 190,000-sf structure with such fellow occupants as the League of Women Voters and the Office of the Special Counsel.
NEW YORK CITY-The window of opportunity for TIs and free rents is slowly closing, according to the folks of Grubb & Ellis. All boats will rise in '04, but not equally, it seems.
SOUTHFIELD, MI-Shopping center operator Ramco-Gershenson says it has settled a dispute with the IRS and will pay a special dividend to current shareholders.
HOUSTON-As planned, a group of investors turn over the $55.5-million check for the deed to the "tilted E's" longtime 1.3-million-sf headquarters at 1400 Smith St. Documents show Enron will be assessed $15,616 per day in rent for 671,908 sf through March 31.
PHOENIX-Equus Realty Advisors scores a major coup when an aggressive leasing campaign woos back a physicians group that was planning to vacate. The $3.9-million lease is laced with reduced rent and an exceptional tenant improvement package.
FORT WORTH-Comprehensive Consulting commits to 15,000 sf at 7602 Pebble Dr. in Riverbend Business Park to backfill space emptied about three months ago. Before finish-out can start, the company's 5,400-sf spot lands a new name for the park.