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SANTA FE SPRINGS, CA-Angels Hair Inc., a distributor of hair products including wigs, moves into 38,880 sf of industrial space, with a mezzanine office component, in a relocation from within Santa Fe Springs.
LONDON-The property portfolio of department store chain Debenhams has been revalued at pounds 425 million ($694.3 million), 30% less than the company had hoped
DALLAS-Le Meridien's EVP says the war is far from over with LaSalle Hotel Properties. A modern-day "Battle of New Orleans" will rage as Le Meridien files a judgment and LaSalle appeals the award. In Dallas, compensation will be sought, but it's a different tact.
MELVILLE, NY-Reckson Associates Realty Corp. makes changes to its board of directors. The plans give independent board members more control over the board of the REIT, which reported revenues of $526.4 million last year.
FORT WORTH-James M. Eagle reveals his hand for exiting the top slot in Trammell Crow's Fort Worth office in recent weeks. As president of Red Oak Realty, he gets to delve into acquisition and development with capital backers looking for diversification.
LONDON-Express Park Development Company has completed the first speculative office building at its 105-acre Bridgwater business park at Junction 23 of the M5 in Somerset. It is looking for a headquarters occupier
WHITE PLAINS, NY-One Beacon Insurance has moved across town, relocating into 16,880-sf of sublease space at EastRidge Properties' 925 Westchester Ave. property here, reports Cushman & Wakefield, which was a broker in the deal.
SANTA ANA, CA-The warehousing firm inks a direct deal after subleasing its corporate headquarters and main operations hub for four years. The new deal, which kicks in Dec. 1, has a five-year term for the 129,000-sf building at 3731 W. Warner Ave.
FORT LAUDERDALE, FL-The Philadelphia-based real estate investment trust is planning a major renovation of the 102,000-sf, six-story building here to bring it to class A office space. The property has been vacant since 2001.