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NEW YORK CITY-CB Richard Ellis conducted two informal surveys in the wake of the blackout that gripped the city and parts of the Northeast, Midwest and Canada last Thursday.
LOS ANGELES-The company, which is already planning a high-rise condominium along the boulevard, buys a half-acre site at Wilshire Boulevard and Barrington Avenue for another development.
SAN DIEGO-The State of California, Department of Health Services will take 15,252 sf in an office/flex facility located in the Kearny Mesa area of San Diego. The building, which stands at 9555 Chesapeake Dr., encompasses a total of 60,000 sf.
ATLANTA-Christopher Wagner, formerly an associate in the local office of CB Richard Ellis Inc., joins Duncan Gibbs in a career move that makes Gibbs a senior vice president in the local office of the Dallas-based company.
MIAMI-The local bank is providing $7.15 million for the land for Coral Station at Brickell Way. Also, it has arranged financing for $20.35 million of the construction costs. The project will feature 80,000 sf of retail space, 78 condominium lofts and a 1,000-plus-space parking garage.
CHICAGO-The price for the building at 7522 S. Greenwood Ave. could be as low as $2.45 per sf. The 18,302-sf site could accommodate a redevelopment of 40,000 sf under current zoning.
MORENO VALLEY, CA-The university's regents have enlisted Grubb & Ellis to market UC's Moreno Valley Field Station, which is entitled for development. The Regents are asking a minimum bid of $32 million.
PHOENIX-The investment group acquires a 6,000-sf building, with Kinkos' name across the door, by turning around 1031 Exchange capital. The California seller then takes its money to Texas to buy a larger property.