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FORT WORTH-A 10,000-sf facility, once home to Tutor Time, is up and running as B&B Learning Center, marking the second location for the Fort Worth church-affiliated operation. At Hulen Square, Scrapbook Page relocates into 5,880 sf.
PHOENIX-Taubman Centers will collect $43.5 million more than it paid for the 611,000-sf, open-air center in 1994. Under the announced terms, Macerich will pay $51 million in cash, turn over 811,000 partnership units and assume $77.5 million in debt.
DEER PARK, TX-GSL Industrial gets two long-term tenants for entire buildings with the deal-making. With tenants in hand, GSL the developer buys a 28,050-sf building from Houston Marine Containers and adds 16,000 sf to another structure.
IRVINE, CA-The Inland Empire county ranks third in a listing of the top 10 buyers markets for office space in the nation, according to a new study by Irvine-based Sperry Van Ness.
ORLANDO-Despite rising vacancies (9.5%) and a slowdown in new apartment construction, a Marcus & Millichap mid-year study predicts a 2.4% increase in total employment over the next 12 months will rejuvenate demand in the apartment sector.
CHENGDU, CHINA-The plant in Chengdu will be used to produce finished semiconductors from silicon wafers made in other countries. Intel generates 70% of its sales outside the United States, and China is its fastest growing market.
EL CAJON, CA-Ghassan Fares acquires the 38-unit property, which stands at 475-479 Graves and 303 E. Madison in El Cajon. The asset is part of a $7-million apartment portfolio that U.K. Capital has sold.