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FARMINGTON HILLS, MI-GECOM, an automotive supplier, is expanding into 12,012 sf of space leased by Grubb & Ellis. The company said it uses the Farmington Hills office as an "antenna for detecting various industry trends and interfaces with users.
SAN FRANCISCO-The publicly held publishing and information services conglomerate will occupy the space in the fourth quarter by moving operations currently located in three other buildings, creating its western regional headquarters in the building owned by Hill Companies/ING.
ELGIN, IL-Las Vegas-based Mandalay Resort Group, 50% owner of the most lucrative Illinois riverboat casino, blames the operating cash flow of $20.6 million on the state's higher taxes.
WALTHAM, MA-In a deal that the broker involved says demonstrates the continued appeal of the area to high-tech companies, InterNoded is relocating from Cambridge by leasing 6,690 sf at Prospect Hill Village on 75 Third Ave.
NORTH MIAMI BEACH, FL-Five companies signed for between 49,300 sf and 112,000 sf in recent deals handled by one brokerage firm. The leases are worth at least an estimated $12 million and total 319,300 sf.
TORRANCE, CA-The Chicago-based real estate investment trust disposes of nine freestanding industrial buildings totaling approximately 67,000 sf. The avergage purchase price of $129 per sf is among the highest paid for comparable property in the local market.