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TIGARD, OR-The addition to the 1.25 million-sf mall is expected to begin in 2005, after a new parking structure is completed in 2004. The space will be used to add 20-to-25 national retailers and restaurants.
PHOENIX-Fourteen Phoenix offices will serve as a model for a corporate-wide plan to bundle some services under one roof. The move to 55,000 sf in the Great American Tower begins in September.
PASADENA, CA-The Atlanta-based REIT pays $38 million for the 176,000-sf, class-A Koll Pasadena Center office building at 1055 E. Colorado Blvd. Built in 2001, it is one of the city's newest office properties.
LONDON-The Charities Property Fund has paid pounds 7.95 million ($12.5 million) for the 162,750-sf Whetstone Business Park on Cambridge Road in Leicester.
NEW YORK CITY-Swig Burris Equities is taking more space in Lower Manhattan. The company plans to transform 5 Hanover Square into a luxury boutique office building, similar to a previous Swig Burris project, 48 Wall St.
SCOTTSDALE, AZ-Voit Development spends $3.1 million for 4.5 acres, one of the last remaining tracts in the Scottsdale Airpark. Ground will break in spring 2004 on a four-building, 48,000-sf development.
DENVER-Marcus & Millichap report finds retail centers to be hot sellers in the metro market. Retail vacancy rate remains low and stable as well at 6.9%.
SAN DIEGO-Bella Via Associates LLC passes the halfway mark on construction of its 74,000-sf, mixed-use development. Rising at 1608 India Street in the city's Little Italy neighborhood, the Bella Via project will feature 42 condominium units; 3,700 sf of street-level retail; and an underground parking garage upon completion.
GRAND PRAIRIE, TX-Two weeks after coming to market, an all-cash offer for 99% of the $783,000 list price brings the hunt to a halt, allowing a retired local dentist to divest of his last commercial asset.
ORLANDO-Brad Chrischilles, a vice president in Crow's Jacksonville, FL office, was top dog in three categories--best project leasing broker, Florida power broker for tenant representation and winner of the managing director's award for customer service.