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SAN JOSE, CA-Venture Corp. of Mill Valley, CA acquires nine acres here for Venture Commerce Center, which will consist of several buildings with two-story offices at the front and 21-ft clear flex space in the rear.
PEORIA, AZ-A Goodyear-based group has picked up its sixth Valley hotel for close to $3.8 million in a foreclosure sale to get a prime property at the intersection of Bell Road and Loop 101. The plan re-brands the Baymont Inn & Suites to a Holiday Inn Express.
ATLANTA-Think you're paying for talent and infrastructure today? Wait seven years. A new CoreNet study, revealed here during the group's Global Summit, aims at forecasting the major changes set for corporate real estate in years to come. More than 3,000 professionals and 800 exhibitors turned out for the five-day event.
NEW YORK CITY-Massey Knakal Realty Services rings up a number of transactions ranging from a long-term lease to apartment and industrial sales with values in the multi-millions.
MCDONOUGH, GA-Atlanta-based developers Central Henry LLC and Kirkland Road LLC are preparing to break ground by year end on an estimated $750,000, 400-space Park-N-Ride lot in this suburban city for the Georgia Regional Transportation Authority near its planned Avalon subdivision in Henry County.
BRIARCLIFF MANOR, NY-A German knife manufacturing company expanded its US operational headquarters with the acquisition of the 65,000-sf 333 South Highland Ave. building for $5.2 million.
IRVINE, CA-A fixture at 2030 Main St. for 15 years, Wells Fargo Bank drops ideas of build-to-suits in favor of a deal for another 15 years with the Ohio Teacher's Retirement System.
MORENO VALLEY, CA-The center anchored by Toys R Us and Sears sells to a private investor for $63 per sf. Meanwhile, the Oaktree Village Shopping Center in Mission Viejo goes on the market for $14.9 million, or $185 per sf.
FORT WORTH-The Family Dollar developer takes the first offers on the table for the 8,000-sf stores at 2100 Ephriham Rd. in southwest Fort Worth and 15300 Seagoville Rd. in southeast Dallas. The deals close with cap rates of 8% to 9% and 10-year leases.
LONDON-Specialist industrial asset manager Ashtenne Holdings has bought a 550,000-sq ft logistics warehouse in Amersfoort, near Utrecht, Netherlands, for pounds 8 million ($13 million) from logistics group Hays.