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BRISBANE CA-The Woodland Hills, CA-based real estate investment firm is buying the class A office building in Brisbane from Hitachi, which occupies 40% of the building. Earlier this month, Younan acquired the 59,000-sf Mowry office building in Newark, CA, for $7 million.<P>
SAN DIEGO-The San Diego County retail market continues to defy today's shaky economic climate, as mid-year research by BRE Commercial//NAI shows that vacancy rates have dropped from 5% to 4% regionwide.
DENVER-Sedgwick Properties' 143-unit highrise in the Uptown neighborhood has secured a $25.5-million construction loan. The condo project is expected to be complete in mid-2004.
HOUSTON-Merrill Lynch finds a buyer at last for 7110 Bellerive Dr. after several contracts in the one-year marketing period fall out. Buyer Gulf Coast Window Coverings plans to consolidate several locations into the structure.
CHANDLER, AZ-Construction kicks off in the fall on McShane Chandler Industrial Park, an eventual four-building project with designs ranging from 57,450 sf to 106,750 sf. The target market will be suppliers to the corridor's high-tech giants.
NEW YORK CITY-With Lower Manhattan experiencing a renaissance these days, the Alliance for Downtown is trying to lure in small and midsize companies involved in the business services and high-tech sectors.
BRISBANE CA-The Woodland Hills, CA-based real estate investment firm is buying the class A office building in Brisbane from Hitachi, which occupies 40% of the building. Earlier this month, Younan acquired the 59,000-sf Mowry office building in Newark, CA, for $7 million.<P>
LAFAYETTE, CA-Bedford Property Investors of Lafayette pays $10.9 million for a 98,324-sf service flex complex in Las Vegas and $7.8 million for a 151,830-sf R&D and warehouse complex in Tempe, AZ.
BEVERLY HILLS, CA-An investment company based in London pays $9.6 million for the 40,732-sf site, one of the last large development parcels in this city.
CHICAGO-A minimum bid of $1.5 million is necessary for a former slag site on 44 acres at 11237 S. Torrence Ave., while four other properties will be sold to the highest bidder.