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PICO RIVERA, CA-One of the largest baking companies in the US, Bimbo Bakeries USA, has relocated its warehouse and distribution center from Downtown Los Angeles to Pacific Gateway Business Park to be closer to its Los Angeles bakery.
SAN DIEGO-New projections for the region predict a better supply/demand balance in the commercial real estate markets during 2004, with declined vacancy levels in both the office and industrial sectors.
BOSTON-Torto Wheaton Research joins forces with CB Richard Ellis Canada Limited to develop a forecast product on Canadian real estate market conditions in the office and industrial markets.
PHOENIX-King Ranch Properties spends $5.4 million for a 64,151-sf flex building and gets a long-term tenant in the seller, Facilitec, which is rebounding from two years of business setbacks. The capital infusion allows the firm to grow, the broker says.
DENVER-A 5.8-acre land parcel at the northwest corner of Lincoln Avenue and Park Meadows Drive sells for over $3.3 million in an acquisition by three buyers. Uses for the land will vary from a bank site, medical office space and a restaurant.
OAKLAND, CA-Healthcare Financial Solutions will relocate its primary office next spring to about 15,000 sf in the Oakland City Center building from about half as much space in the nearby Ratto Building at 825 Washington St.
BALTIMORE-The previously announced sale of Prime Retail, based here, to an affiliate of the Lightstone Group LLC for $626.5 million in cash and assumed debt has been completed.
SCOTTSDALE, AZ-A prime location and a 15-year lease with Bassett Furniture and the Room Store fuels investor interest in the 32,560-sf holding. The buyer's exchange status and solid relationship with a lender wins the seller's nod on a $7.9-million bid.
PHOENIX-Complete Sales Components Inc., a supplier of grocery display racks, takes the last 12,365 sf available in a newly constructed general industrial building, which won the deal for the project's image.
DALLAS-Remington Hotel Corp. commits to Centura Tower I for 30,133 sf after pitting two trophies against each other for the best and final. The tenant gets "a standard market play" for taking a full floor and then some.