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ATLANTA-Locally based OA Development has turned over management of its 63%-leased, 96,000-sf Aviation South Business Center to the local office of Advantis Real Estate Services/GVA which also handles leasing chores for the two-year-old property.
BRIDGEPORT, WVA-Aurora Flight Sciences Corp. will step up the pace of its development of US Air Force Global Hawk airplanes with the addition of a new 40,000-sf building. The $2.3 million facility will be ready by the end of the year.
PALM SPRINGS, CA-The lender that foreclosed turns over the 166-room resort to Marcus & Millichap hospitality specialists to find a buyer for the leasehold interest in Downtown Palm Springs.
CHICAGO-Ancel, Glink, Diamond, Bush, DiCianni & Rolek PC gets concessions and a lower rate in a 18,630-sf renewal at 140 S. Dearborn St., while Goodwill Industries of Southeastern Wisconsin and Metropolitan Chicago Inc. signs a new deal for 12,530 sf at The Loftrium.
DALLAS-Grubb & Ellis' scrubbed numbers for the second quarter flagged some positives on the horizon, with one construction trend mirroring a precedence set by the Inland Empire. Vacancy edged upward and rent trickled down, but the prognosis is sound.
FIFE, WA-The Trans-Pacific Industrial Park in Fife is a multi-tenanted manufacturing, distribution and retail facility consisting of 11 buildings with clear heights between 18 and 24 feet. It is the largest industrial transaction of the year, according to CB Richard Ellis.
HOUSTON-One is the fully leased, 110,900-sf Tamiami Trail Shops in Miami and the other is the 98.6%-occupied, 168,400-sf Lincoln Place II in Fairview Heights, IL, where the Houston REIT owns the sister property.
PHUKET, THAILAND-Conrad Hotels, parent company Hilton International and Panwaburi Company Limited have agreed to the renovation and re-branding of a hotel on Panwa Bay in Phuket, Thailand.
ELMHURST, QUEENS-A Queens church will be demolished and turned into a mixed-use 32,000-sf property with medical offices and condominium units. The church will remain on the property, housed in the basement and sub-basement areas.